The international success of Sydney Theatre Company’s The Picture Of Dorian Gray helped it to the highest revenue in its 45-year history in 2024, despite a boycott from some donors slashing philanthropic proceeds.

The Walsh Bay-based company’s overall revenue of $45.7 million included a 37 per cent surge in operational revenue to $37.7 million in 2024, which includes a royalty payment from Sydney’s Michael Cassel Group for the rights to the Oscar Wilde adaptation.