Earnings season
Twitter Australia posts $2 million loss, fails to declare advertising revenue
Twitter is the latest US tech giant to disclose its earnings to ASIC, giving insight into how much money the tech sector makes locally.
- by Zoe Samios
Latest
Google Australia’s tax bill just $85 million despite profit rise
Search giant Google paid $85 million in tax in 2021 despite earning more than $7 billion from the local economy, shifting the majority of earnings to an international subsidiary.
- by Zoe Samios
Facebook’s Australian tax bill just $24 million as profits double
Facebook Australia funnelled nearly $1 billion in local advertising revenue to an international subsidiary.
- by Zoe Samios
Netflix’s Australian tax bill was $868,000 last year
Netflix paid just $868,000 in tax in Australia last year, despite estimates it raked in hundreds of millions of dollars from subscribers in the country.Â
- by Zoe Samios
Housing slowdown ‘a good thing’, says CBA’s Comyn
Australia’s biggest mortgage lender says lower house prices would be welcome news for housing affordability and the stability of the financial system.
- by Clancy Yeates
Updated
Westpac Banking Corporation
Westpac boss tips house price falls of up to 15pc
Westpac’s Peter King expects a fall in house prices of 10 to 15 per cent over the next two years and says borrowers have capacity to absorb higher rates.
- by Clancy Yeates
News Corp to hike prices for Kayo Sports streaming service
News Corp’s global chief Robert Thomson has told investors the company plans to hike prices for its streaming service Kayo Sports.
- by Anthony Segaert
Flight Centre on right path but pandemic turbulence not over
Flight Centre has warned investors of a higher-than-expected loss in the 2022 financial year due to slow uptake of leisure travel but says corporate bookings have bounced back to almost pre-COVID levels.
- by Anthony Segaert
Updated
Big four
ANZ chief says ‘small portion’ of mortgage customers will ‘suffer’
ANZ Bank chief Shayne Elliott is confident that only a minority of its customers will face hardship as the central bank moves into contractionary monetary policy settings to curb inflation.
- by Charlotte Grieve
Big four bank profits tipped to hit over $11b as rate hikes loom
The impact of rising interest rates on banks will be front and centre this week, as a round of bank profit results gets under way.
- by Clancy Yeates
Apple sales top estimates on strong iPhone and services demand
The results drew a picture of a still-expanding empire generating massive profits, and helped allay concerns about a slowdown in demand for smartphones, especially in China.
- by Mark Gurman and Michael Liedtke