WhatsApp Ireland sees profits increase after cutting provisions set aside for fines

The company employs 80 people with the cost of salaries and bonuses during 2022 coming to €9.15m
WhatsApp Ireland sees profits increase after cutting provisions set aside for fines

Profits at WhatsApp Ireland surged in 2022 to €41.1m after the company slashed administrative expenses, particularly the cash set aside to pay regulatory fines, new company accounts show.

In January 2022, the Data Protection Commissioner (DPC) fined WhatsApp €5.5m for breaches of GDPR legislation. WhatsApp and its parent company Meta — which also owns Facebook and Instagram — have faced numerous fines in recent years from the DPC over a range of issues.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited