Australia’s largest performing arts organisation has posted another loss as it struggles with hesitant audiences and cost blowouts.
Opera Australia recorded an operating loss of $447,878 (US$298,018) for the 2022 financial year, an improvement on the record $22.6 million loss it notched up for 2020/21 when the pandemic forced it to cancel most performances.
The company brought in $79.8 million at the box office, but staff costs for more than 1500 employees were worth of $70 million, according to the figures released on May 17.
It also received $37.6 million in taxpayer funding including just under $10 million from the NSW government and without that, things would have looked much worse….