TikTok is ranked among the top social media apps generating the highest revenue, building on its recent global success.
As per the data compiled by Finbold, in September, TikTok generated $2.5 million daily on Android and iPhone devices worldwide, excluding the iPad.
The value translates to an hourly revenue of about $104,000 and during the month of September, the social media platform recorded a cumulative revenue of $75.8 million.
Notably, TikTok recorded the highest revenue among social media platforms, with the value for Google Play Store standing at $35.14 million to emerge second overall behind the dating app Tinder, which had $37.58 million.
On the Apple App Store, TikTok’s revenue also emerged second at $40.66 million behind the gaming app Coin Master, which had $47.96 million.
Reportedly, the growth of TikTok has birthed a cultural economy containing influencers and marketing agencies dedicated to the platform, with the initiatives central to the app’s impressive revenue in a highly competitive social media scene.
