Facebook NZ’s 2012 service revenue almost doubles, though small losses endure

Tue, 25 Jun 2013

June 25 (BusinessDesk) - Facebook New Zealand, the local unit of the global social media website, almost doubled its revenue last year though costs including a rising wages bill resulted in a net loss. Sales climbed to $787,830 in calendar 2012, from $427,967 a year earlier, according to the company’s annual accounts. All of the revenue came from Facebook Ireland under a service agreement and is unlikely to reflect the ultimate parent Facebook’s advertising sales in New Zealand. The net loss was $59,313 compared to a loss in 2011 of $81,193....

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