Spark's full year financial report reveals a 91 percent jump in net profit to $499 million. 

The telco's also cut 627 staff due to a mix of falling demand and AI use. 

At the same time, CEO Jolie Hodson received a $859,000 bonus and a pay bump from $1.27 million dollars to $1.31 million. 

She says it's based on performance, and she didn't get a bonus during the 2024-2025 financial year because company goals weren't met. 

LISTEN ABOVE

Spark's full year financial report reveals a 91 percent jump in net profit to $499 million.&nbsp;
The telco's also cut 627 staff due to a mix of falling demand and AI use.&nbsp;
At the same time, CEO Jolie Hodson received a $859,000 bonus and a pay bump from $1.27 million dollars to $1.31 million.&nbsp;
She says it's based on performance, and&nbsp;she didn't get a bonus during the 2024-2025 financial year because company goals weren't met.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Jolie Hodson: Spark NZ CEO defends bonus and pay bump amid job cuts

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a198ecf3-ad7d-42c2-ac31-b4ac006af392/transcript