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Twitter Australia Posts $2 Million Loss

Twitter Australia has posted a $2 million loss, as local sales and marketing expenses cut into the company’s bottom line.

The company only paid income tax of $149,812 in Australia in 2021, a portion of the $1.3 million n tax it paid in 2020.

The company’s revenue grew 11 per cent to $14.8 million. As with many overseas tech companies, Twitter is less-than-transparent when it comes to its local financials.

It does not disclose how much income it derives in Australia through advertising, only revealing it makes money locally through “marketing, business planning and research services to parent organisations.”

Assuming the company operates similarly in Australia as it does globally, 85 per cent of its income comes from advertising.


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