字节第二季度收入$480亿，增长25%，超越Meta

Core Viewpoint - ByteDance plans to initiate a new employee stock buyback, raising its valuation to over $330 billion, amidst strong revenue growth and a competitive position in the social media market [1][2]. Group 1: Financial Performance - ByteDance's revenue for Q2 reached approximately $48 billion, a 25% year-over-year increase, primarily driven by the Chinese market [1]. - In Q1, ByteDance's revenue surpassed $43 billion, exceeding Meta's revenue of $42.3 billion, making it the largest social media company by revenue [1]. Group 2: Stock Buyback Plan - The stock buyback will occur at a price of $200.41 per share, a 5.5% increase from the previous offer of $189.90 per share six months ago [1]. - This buyback mechanism allows employees to partially cash out while reflecting the strengthening balance sheet due to domestic and international business expansion [2]. Group 3: Regulatory Challenges - Despite surpassing Meta in revenue, ByteDance's valuation remains less than one-fifth of Meta's approximately $1.9 trillion market cap, largely due to political and regulatory risks in the U.S. [3]. - U.S. legislation requires ByteDance to divest TikTok's U.S. assets by January 19, 2025, or face a nationwide ban, with TikTok currently having 170 million users in the U.S. [3]. Group 4: Employee Morale and Future Plans - The new stock buyback plan is expected to boost morale among U.S. employees, some of whom are concerned about TikTok's future [4]. - TikTok is reportedly preparing an independent app for U.S. users as a potential contingency plan, though its implementation remains uncertain amid ongoing trade negotiations [4].