Overview
- ByteDance generated about $48 billion in second-quarter 2025 revenue, up roughly 25% year over year and ahead of Meta’s $42.3 billion.
- The new repurchase offers $200.41 per share to employees, roughly 5.5% above the prior round at $189.90, implying a valuation above $330 billion and slated to begin in autumn.
- The company is funding the buyback from its own balance sheet to provide employee liquidity and stabilize morale, particularly for U.S. teams facing regulatory uncertainty.
- Revenue growth is driven by TikTok’s advertising, e-commerce and AI-powered recommendations, supported by multibillion-dollar investments in Nvidia chips and in-house AI infrastructure.
- U.S. law still requires a TikTok asset divestiture with the current deadline set for September 17, 2025, and a potential buyer group includes Susquehanna International Group, General Atlantic, KKR and Andreessen Horowitz after Blackstone exited.