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In fact, TikTok was not even broken out in eMarketer’s recent tabulation of U.S. from the start of 2020 to the end, though ad sales were still small compared with other major platforms. Reuters also noted that TikTok saw a 500% increase in the number of advertisers that were running campaigns in the U.S. Bloomberg noted this summer it was jacking up home page takeover ads, its most valuable real estate, to more than $2 million on top days - like holidays. (Some of that is from in-app purchases, of course.)Īs TikTok has scaled its ad business, its ad prices have been steadily increasing, too. In the U.S., TikTok was expected to bring in $500 million in 2020, up from $200-$300 million in the year prior, according to a report by The Information. But TikTok parent company ByteDance has been making inroads in the global ad market, with annual revenue across its apps more than doubling in 2020 to reach $34.3 billion. To date, marketers haven’t carved out as much of their spending for TikTok compared with other major platforms, like Facebook and Instagram. The app now offers a trio of in-feed ad products for online shopping: Collection Ads which feature swipeable and tappable product cards Dynamic Showcase Ads (DSAs), which are automatically generated ads and Lead Generation ads. It also introduced a fuller slate of solutions for TikTok commerce, including ad products and later this year, a TikTok Shopping API. Now, TikTok is rolling out to new brand partners for TikTok Shopping, including Square, Ecwid and PrestaShop, with Wix, SHOPLINE, OpenCart and BASE coming soon.

and Canada, in a deal that allowed Shopify merchants with a TikTok For Business account to add a Shopping tab to their TikTok profiles and sync their product catalogs to the app to create mini-storefronts. Earlier this year, the video platform began piloting TikTok Shopping in the U.S., U.K. On the e-commerce front, TikTok expanded its set of shopping partners beyond pilot partner Shopify. At TikTok’s online event, TikTok World, the company announced a range of new initiatives, product updates and advertising formats in an effort to woo more marketers to its platform.