Technology

TikTok’s Irish arm reports sharp rise in revenues

Staff costs ballooned last year as headcount rose to 2,631 employers versus 1,753 in 2021.

TikTok Technology Limited reported pre-tax profits of $11.8 million, down from $18.6 million in the prior year

The Irish arm of TikTok reported revenues of $350 million last year, as against $203 million a year earlier as profits fell.

The social media platform said staff costs ballooned during the year to $195 million from $128.7 million due to a sharp rise in the number of employees it has.

Headcount rose to 2,631 in 2022 compared to 1,753 a year earlier.

TikTok Technology Limited provides services related to content moderation, data controlling of ...