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The Information

ByteDance Generated Nearly $7 Billion in Cash in Q1

ByteDance Has a Strong Cash Engine

“ByteDance’s revenue rose 34% to $24.5 billion in the first quarter, a slight slowdown from its 38% revenue growth in the 2022 calendar year. ByteDance revealed its financial statements to employees as it offered to buy back their shares. The price of that buyback, of $160 per share for employees who have worked at ByteDance for less than two years, implies a valuation of $223.5 billion.”