TikTok’s Owner Generated Nearly $7 Billion in Cash From Operations in First Quarter

The cash machine of TikTok’s owner is getting bigger.

ByteDance’s revenue rose 34% to $24.5 billion in the first quarter of 2023, a slight slowdown from its 38% revenue growth in the 2022 calendar year, according to detailed financial results viewed by The Information. But the company generated $6.8 billion in cash from operations in the period, an improvement from $5.8 billion in cash flows from operations in the same period a year earlier.