eMarketer has forecasted that TikTok and its Chinese sister app Douyin will generate $31.66 billion in ad revenue this year, accounting for 5.3 percent of the worldwide digital ad industry.
This year, TikTok alone will increase its worldwide advertising revenue to $11.64 billion, accounting for 1.9 percent of global digital ad spend, triple over 2021.
The U.S. presently accounts for more than half of TikTok’s global ad sales, but that percentage will fall below 50% next year as the app grows in popularity.
While China presently accounts for more than half of TikTok and Douyin (parent firm Bytedance) ad sales, this percentage will decline in the future years as platform use in China saturates and grows in the rest of the world.
TikTok and Douyin are ranked No. 5 globally by digital ad spend, trailing Google, Meta (owner of Facebook and Instagram), Amazon, and Alibaba.
TikTok and Douyin’s combined revenues will continue to increase in double digits through 2024, with a 6.7 percent share of global digital ad revenues of $50.88 billion.
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