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ABS-CBN trims losses as election ads, primetime hits boost revenues
ABS-CBN trims losses as election ads, primetime hits boost revenues
ABS-CBN Corp. reported that its consolidated net loss narrowed by 23 percent to ₱4.72 billion last year from ₱6.09 billion in 2024 after advertising revenues rose due to the 2025 midterm elections and its primetime hits.
In a disclosure to the Philippine Stock Exchange (PSE) on Monday, April 20, ABS-CBN said its recurring consolidated net loss decreased by 13 percent year-on-year, or ₱588 million.
Consolidated revenue was down nine percent to ₱15.85 billion as a 39-percent drop in cable TV and broadband revenue to ₱3.27 billion offset gains in content.
Content production and distribution business revenue grew by five percent to ₱12.59 billion in 2025, while its recurring net loss narrowed by 11 percent to ₱2.54 billion.
The cable TV and broadband business also improved on a recurring basis, with net loss declining by 17 percent to ₱1.34 billion. Including one-time items, the reported net loss fell 82 percent to ₱776 million, helped by ₱3.04 billion in cost reductions.
Advertising revenue rose by ₱421 million, helped by election spending and primetime hits, while consumer revenue grew four percent to ₱5.46 billion from ₱5.24 billion, with film, music, and live events all contributing.
On a recurring basis, the segment’s net loss of ₱2.54 billion was ₱318 million lower than in 2024. Including one-time items—a net non-recurring loss of ₱1.4 billion in 2025 stemming from the sale of a part of its Quezon City property—the reported net loss was ₱3.94 billion.
Star Cinema had the three highest-grossing Filipino films of the year, while its first Netflix original topped the Netflix Philippines chart and spent two weeks in Netflix’s global top 10 for non-English films.
The digital business was the segment’s strongest performer. Direct-to-consumer revenue hit an all-time high of ₱1.03 billion. Direct ad sales reached a record ₱842 million, up 23 percent from ₱685 million in 2024.
ABS-CBN Entertainment’s YouTube channel posted 12 billion views and remained the top entertainment channel in the Philippines and Southeast Asia, while its Facebook revenues reached ₱213 million.
Across the group, cost cuts brought consolidated operating expenses (opex) down 18 percent to ₱20.48 billion.
Costs came down even as the company staged more concerts and events. Opex in the segment fell nine percent, or ₱1.43 billion, with general and administrative expenses and employee costs cut by a combined ₱653 million.