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Google NZ's Profit Soars 45% Amid Transparency Concerns

5/22/2025

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Summary

Story summary

Google NZ celebrated a remarkable net profit of $25.9 million for 2024, marking a 45% surge from last year. However, the tech giant is under fire for its lack of transparency compared to rivals like Meta and Amazon. Amidst this, Revenue Minister Simon Watts has halted the Digital Services Tax Bill, seeking a global resolution, while Google hints at potential operational changes due to looming legislation on news content.

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Story summary

Google NZ celebrated a remarkable net profit of $25.9 million for 2024, marking a 45% surge from last year. However, the tech giant is under fire for its lack of transparency compared to rivals like Meta and Amazon. Amidst this, Revenue Minister Simon Watts has halted the Digital Services Tax Bill, seeking a global resolution, while Google hints at potential operational changes due to looming legislation on news content.