Google NZ gets less revenue from parent in 2015; still dominates online ads

Fri, 10 Jun 2016

By Paul McBeth June 10 (BusinessDesk) - Google New Zealand, the local unit of the global search engine, received less revenue from its parent and related companies in 2015 as the Project Loon broadband pilot project was scaled back from 2014, even though it continued to dominate the country's online advertising. The local subsidiary of Alphabet Inc, Google's global holding company, reported a loss of $601,463 in calendar 2015 on revenue of $10.7 million, compared to a profit of $160,253 on revenue of $14.9 million in 2014, financial stat...

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