In a remarkable display of its skyrocketing popularity, TikTok has amassed a staggering 1.92 billion users worldwide, marking an extraordinary growth rate over the past five years. With such a vast user base, marketers have quickly recognized the immense potential of TikTok ads in reaching millions of people virtually overnight.
According to data presented by OnlyAccounts.io, the United States takes the lead with the largest TikTok advertising audience, boasting over 116 million engaged users on the platform. Indonesia follows closely behind, with approximately 113 million TikTok users of its own.
While the United States claims the highest advertising audience, it’s interesting to note that Saudi Arabia and the United Arab Emirates (UAE) lead in TikTok reach. These countries have achieved almost full penetration among their adult populations, with virtually 100% of individuals aged 18 and older actively engaging with TikTok. Following suit are Malaysia, Chile, and Thailand, with engagement rates of 80%, 76%, and 70%, respectively. In contrast, the United States sees 44% of its adult population engaging with the short-form video platform, surpassing the global average of 19.4%.
A recent survey conducted by DataReportal sheds light on the top TikTok advertising audiences worldwide. Apart from the United States and Indonesia, Brazil secures the third spot with 84.1 million users as of last month. Mexico and Russia round out the top five, with 62.4 million and 51.2 million users, respectively. Notably, leading European markets such as France, Germany, and the United Kingdom fall significantly below these figures, with advertising audiences hovering around 20 million TikTok users.
With TikTok’s dominance in the social media landscape, ByteDance, the parent company of TikTok, has witnessed substantial revenue growth. Statista and eMarketer data reveal that TikTok ads have generated a whopping $16 billion for ByteDance in just three years, making online advertising its primary revenue stream. Last year alone, TikTok’s ad revenues reached an impressive $9.9 billion, a substantial increase from the $3.9 billion reported in 2021. ByteDance expects this upward trajectory to continue, with projected ad revenue surpassing $13.2 billion in 2023 and reaching a staggering $22 billion by 2025.
The combination of TikTok‘s massive user base, extensive reach, and substantial ad revenue highlights its significance as a leading platform for marketers seeking to maximize their advertising efforts. As TikTok’s influence continues to grow, businesses across industries are increasingly recognizing the tremendous potential this platform holds in connecting with diverse audiences and driving engagement.