ByteDance H1 2026 Profit Slides to $20B Even as Revenue Jumps ~30% to $120B on AI Capex

ByteDance's first-half 2026 net profit dropped by a single-digit percentage year-over-year to $20 billion, weighed down by heavy AI infrastructure spending, according to The Information. Revenue rose roughly 30% to $120 billion; the company's full-year 2025 revenue had grown 29% to about $200 billion. The disclosure crystallizes how much AI capex is compressing margins even at the world's most profitable social-video company.