The social network will pay AU$11.6 million in income tax, AU$30.3 million less compared to the year prior.
Facebook Australia’s profit before income tax came in at AU$35 million, with the company ending up with a AU$23.3 million profit after the income tax payments were made. This was a bounce-back from FY17, where Facebook Australia reported a AU$9.6 million after tax loss.
The company’s revenue for the year ended 31 December, 2018, meanwhile, is AU$125.5 million dollars, up 34% year on year from AU$94 million.
Of the company’s total revenue, the social network took in AU$125 million for its online advertising sales, which is a significant increase from the AU$94 million it made from advertisements in FY17.
