Web Summit profits plunge post-covid as admin costs soar
Paddy Cosgrave still owns 81% of Web Summit. Photo: Stephen McCarthy / SPORTSFILE via Getty Images
Web Summit posted a sharp decline after-tax profits even before its latest woes as administrative costs weighed on the company’s finances post-pandemic, according to new documents.
The conference organiser posted after-tax profits of around €114,000 for 2022, plummeting nearly 100% compared to €3.8m in total comprehensive income made by the firm in 2021.



