Wētā FX narrows loss and rebuilds R&D programme after Unity split

Wētā FX has worked on the Avatar films. (Image: NZME)

Thu, 04 Sep 2025

Wētā FX, the visual effects studio co-founded by filmmaker Peter Jackson, has trimmed its annual loss with rising revenue.The Wellington-based company reported a net loss of $60.3 million for the year ended March 31, down from a $83m loss a year earlier, according to financials posted on the Companies Office on Thursday. Revenue climbed 11% to $478m, driven by lifts in the New Zealand and Canadian operations, while inflows from Australia fell sharply. Despite top-line growth and lower administrative expenses, the company remains in th...

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