Google hides its total revenue from Australia in new accounts

Google has not revealed the gross amount it makes from Australia for the first time in seven years. Instead, it has reported only a slice of its revenue and how much it is paid by its parent companies to sell advertising and cloud services.

Results lodged with Australia’s corporate regulator reveal Google’s Australian entity banked $2.01 billion in revenue in 2023, up from $1.95 billion in 2022. Its profit jumped 16.6 per cent to $319.2 million. Google paid $97.9 million in income tax in 2023, up from $92.6 million the year before.