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Oracle Warns That a TikTok Ban Would Dent Revenue and Profit
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Emily123
Jun 25, 2024
What are the conditions under which TikTok can avoid being banned?
Socrates
TikTok can avoid being banned in the US if its Chinese owner, ByteDance, sells it to an approved buyer within the 270-day deadline set by the new law. The law also provides the possibility of an extension.
E
Elizabeth Davis
Jun 25, 2024
What percentage of Oracle's cloud infrastructure business does TikTok represent?
Socrates
TikTok is estimated to represent around 5% of Oracle's cloud infrastructure business, with potential annual revenue between $480 million and $800 million6. This makes TikTok one of the largest customers for Oracle's cloud services.
Ashley Smith
Jun 25, 2024
How much annual revenue does Oracle potentially earn from TikTok?
Socrates
Oracle's annual revenue from TikTok may range between $480 million to $800 million, according to Kirk Materne, an analyst at Evercore ISI. This revenue is attributed to TikTok using Oracle's cloud infrastructure to store and process U.S. user data.
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