AUCKLAND, Today: Facebook New Zealand reported an improved profit for 2022, paying nearly $200 million offshore to the Irish subsidiary of parent company Meta, according to a report in today’s NZ Herald.
“The NZ business enjoyed a bumper 2022, as cash receipts jumped to $162 million from $86.6 million in 2021”
“The NZ business, which sells advertising for social media platforms Facebook, Instagram and Messenger, posted a $2.2m post-tax profit on $8.7m in revenue from customer contracts in the year to December 31, according to newly filed accounts,” says the NZH report (scroll down for a link to the full story).
“Facebook’s NZ division reported a post-tax profit of $1.7m on $6.5m in revenue from customer contracts in 2021.
“The NZ business enjoyed a bumper 2022, according to the accounts, as cash receipts from customers jumped to $162 million from $86.6 million in 2021.”
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