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Douyin VP Li Liang: ByteDance's Adjusted' Overall Revenue and Profit Still Grow Last Yr; Emerging Businesses Well-shaped
2026-04-20 17:49:14 Li Liang, Vice President of Douyin, cited a media report on Weibo stating that ByteDance's net profit declined by more than 70% YoY last year. Li clarified that the figure was calculated under international accounting standards and, apart from increased investment in emerging businesses, also reflected changes in preferred share and option-related costs, which do not represent the companys underlying operating performance. He said that due to a slowdown in Douyin e-commerce growth and increased investment in emerging businesses, the operating profit margin recorded a slight decline in 2HYY, but the drop was far smaller than reported. Excluding the impact of changes in preferred share and option costs, overall revenue and profit still achieved growth, while TikToks e-commerce operations and emerging businesses continued to demonstrate a solid development trend. ~ AASTOCKS Financial News Website: www.aastocks.com | |