Facebook NZ reports profit, revenue drops as it sends $159m to Ireland

Facebook NZ has released its annual financial results. (Image: Getty)

Wed, 28 May 2025

Facebook New Zealand’s profit and revenue declined last year compared with 2023, according to its latest annual report.But Facebook NZ paid related party Meta Platforms Ireland $159.4 million for advertising, up from $157.4m the year before last.Facebook NZ said it paid $831,000 in tax.The company mostly provided sales support and marketing services to the broader Meta social media and technology group.Its revenue was $7.59m, down from $9.13m the year before last.Profit before income tax was $3.89m, down from $4.44m in 2023.Facebook NZ al...

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