Sydney Theatre Company suffered an operating deficit of $27.8 million in 2020, however a step-up in government and philanthropic support meant it finished the year with only $4 million less than what it started with.

Australia’s largest theatre company was forced to cancel seven of its 12 planned shows as coronavirus restriction began in March 2020, reducing its box office to $6.6 million from $24.4 million in 2019 - already a lower than usual figure due to the redevelopment of two of its major theatres at Walsh Bay.