The Lopez group’s multi-media giant ABS-CBN Corp. expressed confidence that its push toward financial recovery remains on track, driven by narrowing losses and strategy focused on content distribution five years after the non-renewal of its broadcast franchise.

At the company’s annual stockholders’ meeting, Carlo L. Katigbak, ABS-CBN president and chief executive officer, told shareholders that while the media network has not yet fully recovered, key performance indicators point toward eventual profitability.

“While this has no doubt been a difficult chapter in ABS-CBN’s history, we continue to believe with complete confidence that the momentum you are seeing will carry us through to profitability,” Katigbak said.

Revenue is recovering, operating costs have dropped significantly, total debt has been scaled down, and net losses are steadily shrinking, Katigbak said.

He added that the group’s programming continues to attract large audiences across free-to-air television, digital platforms, film, music, and international markets.

ABS-CBN has pivoted away from relying on owned broadcast platforms, choosing instead to forge distribution partnerships with former competitors. 
Roberto V. Barreiro, ABS-CBN chief partnerships officer, said that as a content creation company, it remains open to working with other media entities under mutually beneficial terms.

“ABS-CBN will continue to explore opportunities to create more content and serve its various publics as best as it can,” Barreiro said.

This shift in strategy includes joint film productions and content licensing agreements with former rival GMA Network Inc., allowing ABS-CBN programming to air on GMA and GTV.

The group also renewed its content-sharing arrangements with TV5 and maintains active broadcasting partnerships with Zoe Broadcasting Network Inc. for A2Z and Advanced Media Broadcasting System for ALLTV.

Katigbak noted that the enterprise relies on a workforce of approximately 4,000 employees, creative talent, and journalists to execute its recovery plan.

In a separate update on asset monetization, the company adjusted the timeline for the turnover of a portion of its headquarters property in Quezon City to real estate developer Ayala Land Inc.

Grant Orbeta, ABS-CBN head for the real estate and development group, confirmed that the physical turnover of the sold land parcel has been moved to mid-2027 from the original target of late 2024.

Following the transfer, all remaining Quezon City operations will consolidate into the Eugenio Lopez Communications Center and the Gina Lopez Building.

ABS-CBN agreed to sell 30,000 square meters—roughly 70 percent of its 4.4-hectare prime property—to Ayala Land for ₱6.24 billion to pay down debt obligations.

The media company will retain approximately 1.4 hectares for its ongoing operations and production facilities.