(Reuters) – TikTok-owner ByteDance’s profit jumped roughly 60% in 2023, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The company’s earnings before interest, tax, depreciation and amortization (EBITDA) rose to more than $40 billion last year, from about $25 billion in 2022, the report said.
(Reporting by Shreya Biswas in Bengaluru; Editing by Savio D’Souza)
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