Tiktok doubles its revenue in Australia

Nathan Jolly

May 2, 2025 11:41

Tiktok Australia has almost doubled its profits, and tripled its revenue during a massive twelve-month growth period in the country.

However, the company’s fortunes are set to be challenged as it faces the looming ban for under-16s and potentially falls within an an expanded news bargaining incentive that may force it to pay news companies.

According to ASIC filings, TikTok Australia made $679 million in the year to December 31, compared to $375.2 million in 2023.

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Nathan Jolly

Nathan Jolly is the Features Editor at Mumbrella. He joined the team in July, 2023.

Topics

News Bargaining Initiative Social media ban taxes TikTok YouTube

2 COMMENTS

Spelling 6 May 25

It’s YouTube* and TikTok*

User ID not verified.

Hal Crawford 9 May 25

Thanks for your comment. Mumbrella house style has recently been changed – we now remove mid-sentence capitalisations and special characters except where removing them would make it more difficult to recognise the name. That is not the case with Youtube or Tiktok.