CommBank's $9.8b profit | Telstra's writing it down | Meta's music collab

What the Flux

CommBank has announced a whopping $9.8 billion cash profit for the past 12 months after growing its customer base even further.

Telstra has seen its annual net profit take a double-digit drop after its mobile price rises weren’t enough to offset some major expenses.

Universal Music Group and Meta are expanding their music-licensing deal, which will make Universal’s songs available on all of Meta’s platforms.

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