+Follow
Bbc123
No personal profile
8
Follow
0
Followers
0
Topic
0
Badge
Posts
Hot
Bbc123
2021-06-17
Uib
TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion
Bbc123
2021-06-17
O
Up 190% in a Year, Is Shift4 Payments Stock a Buy?
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3561941327587693","uuid":"3561941327587693","gmtCreate":1599187697331,"gmtModify":1599187697331,"name":"Bbc123","pinyin":"bbc123","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":8,"tweetSize":4,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.19","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.72%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":3,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":161880208,"gmtCreate":1623917362104,"gmtModify":1703823440845,"author":{"id":"3561941327587693","authorId":"3561941327587693","name":"Bbc123","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561941327587693","authorIdStr":"3561941327587693"},"themes":[],"htmlText":"Uib","listText":"Uib","text":"Uib","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161880208","repostId":"1162768247","repostType":4,"repost":{"id":"1162768247","pubTimestamp":1623911907,"share":"https://ttm.financial/m/news/1162768247?lang=&edition=fundamental","pubTime":"2021-06-17 14:38","market":"us","language":"en","title":"TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1162768247","media":"The Wall Street Journal","summary":"ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff\nByteDance h","content":"<p>ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13c817a3fe56161425ab51576dd52e5b\" tg-width=\"1260\" tg-height=\"840\"><span>ByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to a company memo.</span></p>\n<p>ByteDance Ltd., the owner of popular short-video app TikTok, told employees that its revenue last year more than doubled to $34.3 billion, underscoring why the Chinese technology giant is one of the world’s hottest startups.</p>\n<p>The privately held company on Thursday shared highlights of its 2020 financial performance with its employees. ByteDance said its total revenue grew 111% from a year ago, while gross profit rose 93% to $19 billion, according to excerpts of a company memo viewed by The Wall Street Journal.</p>\n<p>ByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to the memo. The company also runs viral apps such as Douyin, the domestic Chinese equivalent of TikTok, and a news aggregation app called Jinri Toutiao.</p>\n<p>The Beijing-based firm told staffers that it incurred a $2.1 billion operating loss from January to December last year. The loss was partly due to higher expenses incurred from share-based compensation to workers, according to a person familiar with the matter. For 2019, ByteDance had reported an operating profit of $684 million.</p>\n<p>Its net loss for 2020 totaled $45 billion, due largely to an accounting adjustment the company made for an increase in the fair value of its convertible redeemable preferred shares. Startups that have raised outside funds often have to take these noncash charges as their valuations rise, if they prepare results in line with International Financial Reporting Standards.</p>\n<p>ByteDance, which was started in 2012 by Chinese entrepreneur Zhang Yiming, has raised billions of dollars from global investors including KKR & Co., Sequoia Capital and General Atlantic. The company was valued at $180 billion in late 2020 after a fundraising round that included Fidelity Investments and some of its existing shareholders.</p>\n<p>ByteDance is considering listing in Hong Kong or New York, according to a person familiar with the matter. The company hasn’t mapped out any timeline for an initial public offering.</p>\n<p>Early this year one of ByteDance’s smaller domestic rivals, short-video app operator Kuaishou Technology,listed in Hong Kong after raising $5.4 billion. Kuaishou’s market capitalization was recently about $103 billion, and the company reported 2020 revenues equivalent to about $9.2 billion.</p>\n<p>In China, TikTok is widely viewed as China’s most successful mobile internet export. The wildly popular short-video app has been downloaded more than 240 million times in the U.S., with teenagers and adults alike posting video clips of themselves lip syncing, dancing and even dishing out financial advice.</p>\n<p>ByteDance’s revenues from TikTok come primarily from advertising. The company is also expanding beyond social media into areas such as gaming and e-commerce.</p>\n<p>While ByteDance didn’t break down its 1.9 billion monthly active users by app, its scale rivals that of Alphabet Inc.’s YouTube, which reiterated in April that it had more than 2 billion users that log into its site to watch videos. At the end of 2019, ByteDance had about 1.5 billion monthly active users.</p>\n<p>Last year, ByteDance was caught in the crosshairs of U.S.-China relations when former U.S. President Donald Trump’s administration singled out TikTok as a national-security threat and sought to ban the app. This month, President Biden revoked the ban, instead issuing an executive order mandating a broad review of apps controlled by foreign adversaries.</p>\n<p>At home, ByteDance has also run into some turbulence, as Chinese authorities seek to clamp down on the perceived excesses of its powerful technology sector. ByteDance has been called in by authorities this year for infractions including improper data use and problematic content.</p>\n<p>Last month, Mr. Zhang stepped down from his role as chief executive officer amid growing government scrutiny of the sector. Following the company’s management change, ByteDance launched a share buyback for employees, according to people familiar with the matter.</p>\n<p>In June, two of ByteDance’s apps were included on a list of 129 apps named by the Cyberspace Administration of China for excessive collection of personal information from users. The authority told all the apps to rectify the situation. The move followed a similar order on Douyin the previous month.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 14:38 GMT+8 <a href=https://www.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622?mod=hp_lista_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff\nByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to...</p>\n\n<a href=\"https://www.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622?mod=hp_lista_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","01024":"快手-W"},"source_url":"https://www.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622?mod=hp_lista_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162768247","content_text":"ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff\nByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to a company memo.\nByteDance Ltd., the owner of popular short-video app TikTok, told employees that its revenue last year more than doubled to $34.3 billion, underscoring why the Chinese technology giant is one of the world’s hottest startups.\nThe privately held company on Thursday shared highlights of its 2020 financial performance with its employees. ByteDance said its total revenue grew 111% from a year ago, while gross profit rose 93% to $19 billion, according to excerpts of a company memo viewed by The Wall Street Journal.\nByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to the memo. The company also runs viral apps such as Douyin, the domestic Chinese equivalent of TikTok, and a news aggregation app called Jinri Toutiao.\nThe Beijing-based firm told staffers that it incurred a $2.1 billion operating loss from January to December last year. The loss was partly due to higher expenses incurred from share-based compensation to workers, according to a person familiar with the matter. For 2019, ByteDance had reported an operating profit of $684 million.\nIts net loss for 2020 totaled $45 billion, due largely to an accounting adjustment the company made for an increase in the fair value of its convertible redeemable preferred shares. Startups that have raised outside funds often have to take these noncash charges as their valuations rise, if they prepare results in line with International Financial Reporting Standards.\nByteDance, which was started in 2012 by Chinese entrepreneur Zhang Yiming, has raised billions of dollars from global investors including KKR & Co., Sequoia Capital and General Atlantic. The company was valued at $180 billion in late 2020 after a fundraising round that included Fidelity Investments and some of its existing shareholders.\nByteDance is considering listing in Hong Kong or New York, according to a person familiar with the matter. The company hasn’t mapped out any timeline for an initial public offering.\nEarly this year one of ByteDance’s smaller domestic rivals, short-video app operator Kuaishou Technology,listed in Hong Kong after raising $5.4 billion. Kuaishou’s market capitalization was recently about $103 billion, and the company reported 2020 revenues equivalent to about $9.2 billion.\nIn China, TikTok is widely viewed as China’s most successful mobile internet export. The wildly popular short-video app has been downloaded more than 240 million times in the U.S., with teenagers and adults alike posting video clips of themselves lip syncing, dancing and even dishing out financial advice.\nByteDance’s revenues from TikTok come primarily from advertising. The company is also expanding beyond social media into areas such as gaming and e-commerce.\nWhile ByteDance didn’t break down its 1.9 billion monthly active users by app, its scale rivals that of Alphabet Inc.’s YouTube, which reiterated in April that it had more than 2 billion users that log into its site to watch videos. At the end of 2019, ByteDance had about 1.5 billion monthly active users.\nLast year, ByteDance was caught in the crosshairs of U.S.-China relations when former U.S. President Donald Trump’s administration singled out TikTok as a national-security threat and sought to ban the app. This month, President Biden revoked the ban, instead issuing an executive order mandating a broad review of apps controlled by foreign adversaries.\nAt home, ByteDance has also run into some turbulence, as Chinese authorities seek to clamp down on the perceived excesses of its powerful technology sector. ByteDance has been called in by authorities this year for infractions including improper data use and problematic content.\nLast month, Mr. Zhang stepped down from his role as chief executive officer amid growing government scrutiny of the sector. Following the company’s management change, ByteDance launched a share buyback for employees, according to people familiar with the matter.\nIn June, two of ByteDance’s apps were included on a list of 129 apps named by the Cyberspace Administration of China for excessive collection of personal information from users. The authority told all the apps to rectify the situation. The move followed a similar order on Douyin the previous month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161814579,"gmtCreate":1623917228591,"gmtModify":1703823438082,"author":{"id":"3561941327587693","authorId":"3561941327587693","name":"Bbc123","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561941327587693","authorIdStr":"3561941327587693"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161814579","repostId":"2143797875","repostType":4,"repost":{"id":"2143797875","pubTimestamp":1623916380,"share":"https://ttm.financial/m/news/2143797875?lang=&edition=fundamental","pubTime":"2021-06-17 15:53","market":"us","language":"en","title":"Up 190% in a Year, Is Shift4 Payments Stock a Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2143797875","media":"Motley Fool","summary":"This hospitality-industry payments specialist could be a great bet on a reopening economy.","content":"<p><b>Shift4 Payments </b>(NYSE:FOUR) has been a wild success since its initial public offering in June 2020. As of this writing, shares are up nearly 190% since their debut -- an impressive feat considering this digital payments company's niches are restaurants and hospitality, industries deeply affected by the pandemic.</p>\n<p>But those areas of the economy are making a comeback, and Shift4 is, too. There's plenty of optimism baked into the company's current valuation, but this emerging digital payments leader is nonetheless worth a look.</p>\n<h2>Not (quite) firing on all cylinders</h2>\n<p>On the surface, it appeared Shift4 had a pretty good first quarter of 2021. Total payment volume was up 30% year over year to $8 billion, lapping the first two months of pre-pandemic 2020 when payment volume notched more than 50% growth from 2019. As a result, revenue (less card-network transaction fees) was up 23% to $97.5 million.</p>\n<p>But here's the rub: Though Shift4 is back in growth mode, many of its customers in the restaurant and hospitality industry aren't back to normal yet. In fact, just the opposite. During the first few months of the year, management commented that many users of its payment system were still suffering because of occupancy restrictions and were well below peak transaction levels from a couple of years ago.</p>\n<p>One multi-location specialty retailer closed its doors, and CEO Jared Isaacman said the sudden closure affected Shift4's adjusted EBITDA by $5.2 million during the period. For the record, total adjusted EBITDA was positive $22.2 million in the first quarter.</p>\n<p>So how is Shift4 back in growth mode? It's picking up lots of new customers in its key markets, and has begun to expand into new ones as well. Its simplified payment-acceptance solutions are resonating with restaurateurs, hotel operators, and other specialty venues (like the new concessions and retail customer Petco Field in San Diego, home of the Padres professional baseball team).</p>\n<p>Shift4's acquisition last autumn of 3dcart (now Shift4Shop), a provider of online-store management software, is also doing well. Shift4Shop competes with offerings from the likes of <b>Shopify </b>(NYSE:SHOP) and <b>Wix.com </b>(NASDAQ:WIX), and is more than holding its own. At the time of purchase, there were 14,000 stores using 3dcart, and Shift4 has added over 21,000 more since then.</p>\n<p>This underscores the brewing rebound that has sent Shift4 stock higher in its first year as a publicly traded company. New customers are helping it stay in growth mode, and existing customers are only just beginning to recover from pandemic effects. Isaacson and company thus upgraded full-year 2021 guidance, calling for total payment volume of at least $44 billion (up 81% from 2020), revenue less network fees of at least $480 million (up 49%), and adjusted EBITDA of at least $165 million (up 88%).</p>\n<h2>Is it too late to buy this post-pandemic play?</h2>\n<p>As of the end of March, Shift4 had $845 million in cash and equivalents and another $16 million in investment securities, offset by total debt of $1.12 billion. It isn't the strongest balance sheet in the digital payments space, but this small company is nevertheless in good shape to continue its aggressive expansion. Free cash flow (excluding acquisitions) was still in the red during the first quarter at negative $21.8 million, but business is headed in the right direction again as the economy gradually reopens.</p>\n<p>Shift4's current market cap is $7.8 billion, valuing the business at 16 times expected 2021 revenue (less network fees) and 47 times expected adjusted EBITDA. Cheap growth stock? Not exactly, especially not after the stock's 190% run over the last year has priced in the Shift4 business rally already. To really keep the momentum going, the company will need to prove that it can keep carving out a niche for itself in its targeted specialty-retail corner of the payments universe beyond 2021 and into 2022.</p>\n<p>Nevertheless, this fintech stock has proved itself resilient since the IPO last summer and has a promising growth story in the years ahead as businesses navigate a post-pandemic digital-first world. I'm personally not buying right at the moment, but shares are on my \"reopening economy stocks\" watch list after the first-quarter 2021 update.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Up 190% in a Year, Is Shift4 Payments Stock a Buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUp 190% in a Year, Is Shift4 Payments Stock a Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 15:53 GMT+8 <a href=https://www.fool.com/investing/2021/06/16/up-190-in-a-year-is-shift4-payments-stock-a-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shift4 Payments (NYSE:FOUR) has been a wild success since its initial public offering in June 2020. As of this writing, shares are up nearly 190% since their debut -- an impressive feat considering ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/16/up-190-in-a-year-is-shift4-payments-stock-a-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FOUR":"Shift4 Payments, Inc."},"source_url":"https://www.fool.com/investing/2021/06/16/up-190-in-a-year-is-shift4-payments-stock-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143797875","content_text":"Shift4 Payments (NYSE:FOUR) has been a wild success since its initial public offering in June 2020. As of this writing, shares are up nearly 190% since their debut -- an impressive feat considering this digital payments company's niches are restaurants and hospitality, industries deeply affected by the pandemic.\nBut those areas of the economy are making a comeback, and Shift4 is, too. There's plenty of optimism baked into the company's current valuation, but this emerging digital payments leader is nonetheless worth a look.\nNot (quite) firing on all cylinders\nOn the surface, it appeared Shift4 had a pretty good first quarter of 2021. Total payment volume was up 30% year over year to $8 billion, lapping the first two months of pre-pandemic 2020 when payment volume notched more than 50% growth from 2019. As a result, revenue (less card-network transaction fees) was up 23% to $97.5 million.\nBut here's the rub: Though Shift4 is back in growth mode, many of its customers in the restaurant and hospitality industry aren't back to normal yet. In fact, just the opposite. During the first few months of the year, management commented that many users of its payment system were still suffering because of occupancy restrictions and were well below peak transaction levels from a couple of years ago.\nOne multi-location specialty retailer closed its doors, and CEO Jared Isaacman said the sudden closure affected Shift4's adjusted EBITDA by $5.2 million during the period. For the record, total adjusted EBITDA was positive $22.2 million in the first quarter.\nSo how is Shift4 back in growth mode? It's picking up lots of new customers in its key markets, and has begun to expand into new ones as well. Its simplified payment-acceptance solutions are resonating with restaurateurs, hotel operators, and other specialty venues (like the new concessions and retail customer Petco Field in San Diego, home of the Padres professional baseball team).\nShift4's acquisition last autumn of 3dcart (now Shift4Shop), a provider of online-store management software, is also doing well. Shift4Shop competes with offerings from the likes of Shopify (NYSE:SHOP) and Wix.com (NASDAQ:WIX), and is more than holding its own. At the time of purchase, there were 14,000 stores using 3dcart, and Shift4 has added over 21,000 more since then.\nThis underscores the brewing rebound that has sent Shift4 stock higher in its first year as a publicly traded company. New customers are helping it stay in growth mode, and existing customers are only just beginning to recover from pandemic effects. Isaacson and company thus upgraded full-year 2021 guidance, calling for total payment volume of at least $44 billion (up 81% from 2020), revenue less network fees of at least $480 million (up 49%), and adjusted EBITDA of at least $165 million (up 88%).\nIs it too late to buy this post-pandemic play?\nAs of the end of March, Shift4 had $845 million in cash and equivalents and another $16 million in investment securities, offset by total debt of $1.12 billion. It isn't the strongest balance sheet in the digital payments space, but this small company is nevertheless in good shape to continue its aggressive expansion. Free cash flow (excluding acquisitions) was still in the red during the first quarter at negative $21.8 million, but business is headed in the right direction again as the economy gradually reopens.\nShift4's current market cap is $7.8 billion, valuing the business at 16 times expected 2021 revenue (less network fees) and 47 times expected adjusted EBITDA. Cheap growth stock? Not exactly, especially not after the stock's 190% run over the last year has priced in the Shift4 business rally already. To really keep the momentum going, the company will need to prove that it can keep carving out a niche for itself in its targeted specialty-retail corner of the payments universe beyond 2021 and into 2022.\nNevertheless, this fintech stock has proved itself resilient since the IPO last summer and has a promising growth story in the years ahead as businesses navigate a post-pandemic digital-first world. I'm personally not buying right at the moment, but shares are on my \"reopening economy stocks\" watch list after the first-quarter 2021 update.","news_type":1},"isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":161814579,"gmtCreate":1623917228591,"gmtModify":1703823438082,"author":{"id":"3561941327587693","authorId":"3561941327587693","name":"Bbc123","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561941327587693","authorIdStr":"3561941327587693"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161814579","repostId":"2143797875","repostType":4,"repost":{"id":"2143797875","pubTimestamp":1623916380,"share":"https://ttm.financial/m/news/2143797875?lang=&edition=fundamental","pubTime":"2021-06-17 15:53","market":"us","language":"en","title":"Up 190% in a Year, Is Shift4 Payments Stock a Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2143797875","media":"Motley Fool","summary":"This hospitality-industry payments specialist could be a great bet on a reopening economy.","content":"<p><b>Shift4 Payments </b>(NYSE:FOUR) has been a wild success since its initial public offering in June 2020. As of this writing, shares are up nearly 190% since their debut -- an impressive feat considering this digital payments company's niches are restaurants and hospitality, industries deeply affected by the pandemic.</p>\n<p>But those areas of the economy are making a comeback, and Shift4 is, too. There's plenty of optimism baked into the company's current valuation, but this emerging digital payments leader is nonetheless worth a look.</p>\n<h2>Not (quite) firing on all cylinders</h2>\n<p>On the surface, it appeared Shift4 had a pretty good first quarter of 2021. Total payment volume was up 30% year over year to $8 billion, lapping the first two months of pre-pandemic 2020 when payment volume notched more than 50% growth from 2019. As a result, revenue (less card-network transaction fees) was up 23% to $97.5 million.</p>\n<p>But here's the rub: Though Shift4 is back in growth mode, many of its customers in the restaurant and hospitality industry aren't back to normal yet. In fact, just the opposite. During the first few months of the year, management commented that many users of its payment system were still suffering because of occupancy restrictions and were well below peak transaction levels from a couple of years ago.</p>\n<p>One multi-location specialty retailer closed its doors, and CEO Jared Isaacman said the sudden closure affected Shift4's adjusted EBITDA by $5.2 million during the period. For the record, total adjusted EBITDA was positive $22.2 million in the first quarter.</p>\n<p>So how is Shift4 back in growth mode? It's picking up lots of new customers in its key markets, and has begun to expand into new ones as well. Its simplified payment-acceptance solutions are resonating with restaurateurs, hotel operators, and other specialty venues (like the new concessions and retail customer Petco Field in San Diego, home of the Padres professional baseball team).</p>\n<p>Shift4's acquisition last autumn of 3dcart (now Shift4Shop), a provider of online-store management software, is also doing well. Shift4Shop competes with offerings from the likes of <b>Shopify </b>(NYSE:SHOP) and <b>Wix.com </b>(NASDAQ:WIX), and is more than holding its own. At the time of purchase, there were 14,000 stores using 3dcart, and Shift4 has added over 21,000 more since then.</p>\n<p>This underscores the brewing rebound that has sent Shift4 stock higher in its first year as a publicly traded company. New customers are helping it stay in growth mode, and existing customers are only just beginning to recover from pandemic effects. Isaacson and company thus upgraded full-year 2021 guidance, calling for total payment volume of at least $44 billion (up 81% from 2020), revenue less network fees of at least $480 million (up 49%), and adjusted EBITDA of at least $165 million (up 88%).</p>\n<h2>Is it too late to buy this post-pandemic play?</h2>\n<p>As of the end of March, Shift4 had $845 million in cash and equivalents and another $16 million in investment securities, offset by total debt of $1.12 billion. It isn't the strongest balance sheet in the digital payments space, but this small company is nevertheless in good shape to continue its aggressive expansion. Free cash flow (excluding acquisitions) was still in the red during the first quarter at negative $21.8 million, but business is headed in the right direction again as the economy gradually reopens.</p>\n<p>Shift4's current market cap is $7.8 billion, valuing the business at 16 times expected 2021 revenue (less network fees) and 47 times expected adjusted EBITDA. Cheap growth stock? Not exactly, especially not after the stock's 190% run over the last year has priced in the Shift4 business rally already. To really keep the momentum going, the company will need to prove that it can keep carving out a niche for itself in its targeted specialty-retail corner of the payments universe beyond 2021 and into 2022.</p>\n<p>Nevertheless, this fintech stock has proved itself resilient since the IPO last summer and has a promising growth story in the years ahead as businesses navigate a post-pandemic digital-first world. I'm personally not buying right at the moment, but shares are on my \"reopening economy stocks\" watch list after the first-quarter 2021 update.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Up 190% in a Year, Is Shift4 Payments Stock a Buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUp 190% in a Year, Is Shift4 Payments Stock a Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 15:53 GMT+8 <a href=https://www.fool.com/investing/2021/06/16/up-190-in-a-year-is-shift4-payments-stock-a-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shift4 Payments (NYSE:FOUR) has been a wild success since its initial public offering in June 2020. As of this writing, shares are up nearly 190% since their debut -- an impressive feat considering ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/16/up-190-in-a-year-is-shift4-payments-stock-a-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FOUR":"Shift4 Payments, Inc."},"source_url":"https://www.fool.com/investing/2021/06/16/up-190-in-a-year-is-shift4-payments-stock-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143797875","content_text":"Shift4 Payments (NYSE:FOUR) has been a wild success since its initial public offering in June 2020. As of this writing, shares are up nearly 190% since their debut -- an impressive feat considering this digital payments company's niches are restaurants and hospitality, industries deeply affected by the pandemic.\nBut those areas of the economy are making a comeback, and Shift4 is, too. There's plenty of optimism baked into the company's current valuation, but this emerging digital payments leader is nonetheless worth a look.\nNot (quite) firing on all cylinders\nOn the surface, it appeared Shift4 had a pretty good first quarter of 2021. Total payment volume was up 30% year over year to $8 billion, lapping the first two months of pre-pandemic 2020 when payment volume notched more than 50% growth from 2019. As a result, revenue (less card-network transaction fees) was up 23% to $97.5 million.\nBut here's the rub: Though Shift4 is back in growth mode, many of its customers in the restaurant and hospitality industry aren't back to normal yet. In fact, just the opposite. During the first few months of the year, management commented that many users of its payment system were still suffering because of occupancy restrictions and were well below peak transaction levels from a couple of years ago.\nOne multi-location specialty retailer closed its doors, and CEO Jared Isaacman said the sudden closure affected Shift4's adjusted EBITDA by $5.2 million during the period. For the record, total adjusted EBITDA was positive $22.2 million in the first quarter.\nSo how is Shift4 back in growth mode? It's picking up lots of new customers in its key markets, and has begun to expand into new ones as well. Its simplified payment-acceptance solutions are resonating with restaurateurs, hotel operators, and other specialty venues (like the new concessions and retail customer Petco Field in San Diego, home of the Padres professional baseball team).\nShift4's acquisition last autumn of 3dcart (now Shift4Shop), a provider of online-store management software, is also doing well. Shift4Shop competes with offerings from the likes of Shopify (NYSE:SHOP) and Wix.com (NASDAQ:WIX), and is more than holding its own. At the time of purchase, there were 14,000 stores using 3dcart, and Shift4 has added over 21,000 more since then.\nThis underscores the brewing rebound that has sent Shift4 stock higher in its first year as a publicly traded company. New customers are helping it stay in growth mode, and existing customers are only just beginning to recover from pandemic effects. Isaacson and company thus upgraded full-year 2021 guidance, calling for total payment volume of at least $44 billion (up 81% from 2020), revenue less network fees of at least $480 million (up 49%), and adjusted EBITDA of at least $165 million (up 88%).\nIs it too late to buy this post-pandemic play?\nAs of the end of March, Shift4 had $845 million in cash and equivalents and another $16 million in investment securities, offset by total debt of $1.12 billion. It isn't the strongest balance sheet in the digital payments space, but this small company is nevertheless in good shape to continue its aggressive expansion. Free cash flow (excluding acquisitions) was still in the red during the first quarter at negative $21.8 million, but business is headed in the right direction again as the economy gradually reopens.\nShift4's current market cap is $7.8 billion, valuing the business at 16 times expected 2021 revenue (less network fees) and 47 times expected adjusted EBITDA. Cheap growth stock? Not exactly, especially not after the stock's 190% run over the last year has priced in the Shift4 business rally already. To really keep the momentum going, the company will need to prove that it can keep carving out a niche for itself in its targeted specialty-retail corner of the payments universe beyond 2021 and into 2022.\nNevertheless, this fintech stock has proved itself resilient since the IPO last summer and has a promising growth story in the years ahead as businesses navigate a post-pandemic digital-first world. I'm personally not buying right at the moment, but shares are on my \"reopening economy stocks\" watch list after the first-quarter 2021 update.","news_type":1},"isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161880208,"gmtCreate":1623917362104,"gmtModify":1703823440845,"author":{"id":"3561941327587693","authorId":"3561941327587693","name":"Bbc123","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561941327587693","authorIdStr":"3561941327587693"},"themes":[],"htmlText":"Uib","listText":"Uib","text":"Uib","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161880208","repostId":"1162768247","repostType":4,"repost":{"id":"1162768247","pubTimestamp":1623911907,"share":"https://ttm.financial/m/news/1162768247?lang=&edition=fundamental","pubTime":"2021-06-17 14:38","market":"us","language":"en","title":"TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1162768247","media":"The Wall Street Journal","summary":"ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff\nByteDance h","content":"<p>ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13c817a3fe56161425ab51576dd52e5b\" tg-width=\"1260\" tg-height=\"840\"><span>ByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to a company memo.</span></p>\n<p>ByteDance Ltd., the owner of popular short-video app TikTok, told employees that its revenue last year more than doubled to $34.3 billion, underscoring why the Chinese technology giant is one of the world’s hottest startups.</p>\n<p>The privately held company on Thursday shared highlights of its 2020 financial performance with its employees. ByteDance said its total revenue grew 111% from a year ago, while gross profit rose 93% to $19 billion, according to excerpts of a company memo viewed by The Wall Street Journal.</p>\n<p>ByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to the memo. The company also runs viral apps such as Douyin, the domestic Chinese equivalent of TikTok, and a news aggregation app called Jinri Toutiao.</p>\n<p>The Beijing-based firm told staffers that it incurred a $2.1 billion operating loss from January to December last year. The loss was partly due to higher expenses incurred from share-based compensation to workers, according to a person familiar with the matter. For 2019, ByteDance had reported an operating profit of $684 million.</p>\n<p>Its net loss for 2020 totaled $45 billion, due largely to an accounting adjustment the company made for an increase in the fair value of its convertible redeemable preferred shares. Startups that have raised outside funds often have to take these noncash charges as their valuations rise, if they prepare results in line with International Financial Reporting Standards.</p>\n<p>ByteDance, which was started in 2012 by Chinese entrepreneur Zhang Yiming, has raised billions of dollars from global investors including KKR & Co., Sequoia Capital and General Atlantic. The company was valued at $180 billion in late 2020 after a fundraising round that included Fidelity Investments and some of its existing shareholders.</p>\n<p>ByteDance is considering listing in Hong Kong or New York, according to a person familiar with the matter. The company hasn’t mapped out any timeline for an initial public offering.</p>\n<p>Early this year one of ByteDance’s smaller domestic rivals, short-video app operator Kuaishou Technology,listed in Hong Kong after raising $5.4 billion. Kuaishou’s market capitalization was recently about $103 billion, and the company reported 2020 revenues equivalent to about $9.2 billion.</p>\n<p>In China, TikTok is widely viewed as China’s most successful mobile internet export. The wildly popular short-video app has been downloaded more than 240 million times in the U.S., with teenagers and adults alike posting video clips of themselves lip syncing, dancing and even dishing out financial advice.</p>\n<p>ByteDance’s revenues from TikTok come primarily from advertising. The company is also expanding beyond social media into areas such as gaming and e-commerce.</p>\n<p>While ByteDance didn’t break down its 1.9 billion monthly active users by app, its scale rivals that of Alphabet Inc.’s YouTube, which reiterated in April that it had more than 2 billion users that log into its site to watch videos. At the end of 2019, ByteDance had about 1.5 billion monthly active users.</p>\n<p>Last year, ByteDance was caught in the crosshairs of U.S.-China relations when former U.S. President Donald Trump’s administration singled out TikTok as a national-security threat and sought to ban the app. This month, President Biden revoked the ban, instead issuing an executive order mandating a broad review of apps controlled by foreign adversaries.</p>\n<p>At home, ByteDance has also run into some turbulence, as Chinese authorities seek to clamp down on the perceived excesses of its powerful technology sector. ByteDance has been called in by authorities this year for infractions including improper data use and problematic content.</p>\n<p>Last month, Mr. Zhang stepped down from his role as chief executive officer amid growing government scrutiny of the sector. Following the company’s management change, ByteDance launched a share buyback for employees, according to people familiar with the matter.</p>\n<p>In June, two of ByteDance’s apps were included on a list of 129 apps named by the Cyberspace Administration of China for excessive collection of personal information from users. The authority told all the apps to rectify the situation. The move followed a similar order on Douyin the previous month.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 14:38 GMT+8 <a href=https://www.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622?mod=hp_lista_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff\nByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to...</p>\n\n<a href=\"https://www.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622?mod=hp_lista_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","01024":"快手-W"},"source_url":"https://www.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622?mod=hp_lista_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162768247","content_text":"ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff\nByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to a company memo.\nByteDance Ltd., the owner of popular short-video app TikTok, told employees that its revenue last year more than doubled to $34.3 billion, underscoring why the Chinese technology giant is one of the world’s hottest startups.\nThe privately held company on Thursday shared highlights of its 2020 financial performance with its employees. ByteDance said its total revenue grew 111% from a year ago, while gross profit rose 93% to $19 billion, according to excerpts of a company memo viewed by The Wall Street Journal.\nByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to the memo. The company also runs viral apps such as Douyin, the domestic Chinese equivalent of TikTok, and a news aggregation app called Jinri Toutiao.\nThe Beijing-based firm told staffers that it incurred a $2.1 billion operating loss from January to December last year. The loss was partly due to higher expenses incurred from share-based compensation to workers, according to a person familiar with the matter. For 2019, ByteDance had reported an operating profit of $684 million.\nIts net loss for 2020 totaled $45 billion, due largely to an accounting adjustment the company made for an increase in the fair value of its convertible redeemable preferred shares. Startups that have raised outside funds often have to take these noncash charges as their valuations rise, if they prepare results in line with International Financial Reporting Standards.\nByteDance, which was started in 2012 by Chinese entrepreneur Zhang Yiming, has raised billions of dollars from global investors including KKR & Co., Sequoia Capital and General Atlantic. The company was valued at $180 billion in late 2020 after a fundraising round that included Fidelity Investments and some of its existing shareholders.\nByteDance is considering listing in Hong Kong or New York, according to a person familiar with the matter. The company hasn’t mapped out any timeline for an initial public offering.\nEarly this year one of ByteDance’s smaller domestic rivals, short-video app operator Kuaishou Technology,listed in Hong Kong after raising $5.4 billion. Kuaishou’s market capitalization was recently about $103 billion, and the company reported 2020 revenues equivalent to about $9.2 billion.\nIn China, TikTok is widely viewed as China’s most successful mobile internet export. The wildly popular short-video app has been downloaded more than 240 million times in the U.S., with teenagers and adults alike posting video clips of themselves lip syncing, dancing and even dishing out financial advice.\nByteDance’s revenues from TikTok come primarily from advertising. The company is also expanding beyond social media into areas such as gaming and e-commerce.\nWhile ByteDance didn’t break down its 1.9 billion monthly active users by app, its scale rivals that of Alphabet Inc.’s YouTube, which reiterated in April that it had more than 2 billion users that log into its site to watch videos. At the end of 2019, ByteDance had about 1.5 billion monthly active users.\nLast year, ByteDance was caught in the crosshairs of U.S.-China relations when former U.S. President Donald Trump’s administration singled out TikTok as a national-security threat and sought to ban the app. This month, President Biden revoked the ban, instead issuing an executive order mandating a broad review of apps controlled by foreign adversaries.\nAt home, ByteDance has also run into some turbulence, as Chinese authorities seek to clamp down on the perceived excesses of its powerful technology sector. ByteDance has been called in by authorities this year for infractions including improper data use and problematic content.\nLast month, Mr. Zhang stepped down from his role as chief executive officer amid growing government scrutiny of the sector. Following the company’s management change, ByteDance launched a share buyback for employees, according to people familiar with the matter.\nIn June, two of ByteDance’s apps were included on a list of 129 apps named by the Cyberspace Administration of China for excessive collection of personal information from users. The authority told all the apps to rectify the situation. The move followed a similar order on Douyin the previous month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
