March 02, 2015 11:29 AM ET

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Company Overview of GMA Network, Inc.

Company Overview

GMA Network, Inc., together with its subsidiaries, primarily is engaged in radio and television broadcasting, recording, film production, and other information and entertainment activities in the Philippines and internationally. It operates through three segments: Television and Radio Airtime, International Subscription, Other Businesses. The company is also involved in production of television (TV) programs; music recording, publishing, and video distribution; design, construction, and maintenance of sets for TV, stage plays, and concerts; and provision of film syndication, transportation and manpower, and pre-and post-production services. In addition, it crafts, plans, and handles advertis...

GMA Network Center

2nd Floor

EDSA Corner Timog Avenue

Diliman

Quezon City,  1103

Philippines

Founded in 1950

2,535 Employees

Phone:

63 2 982 7777

Fax:

63 2 333 7661

Key Executives for GMA Network, Inc.

GMA Network, Inc. does not have any Key Executives recorded.

GMA Network, Inc. Key Developments

GMA Network, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Six Months Ended September 30, 2014

GMA Network, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net revenues were PHP 3,140,732,895 against PHP 3,027,362,661 a year ago. Income before income tax was PHP 596,734,899 against PHP 511,947,889 a year ago. Net income attributable to equity holders of parent company was PHP 421,608,932 PHP 0.087 per diluted share against PHP 352,741,841 PHP 0.073 per diluted share a year ago. The Network ended the third quarter with an EBITDA of PHP 972 million, surpassing the previous quarter's figure by 31%. For the nine months, net revenues were PHP 8,906,257,845 against PHP 9,752,385,112 a year ago. Income before income tax was PHP 1,446,197,532 against PHP 2,151,511,151 a year ago. Net income attributable to equity holders of parent company was PHP 1,001,222,120 PHP 0.206 per diluted share against PHP 1,487,875,424 PHP 0.306 per diluted share a year ago. Net cash provided by operating activities was PHP 1,213,044,925 against PHP 3,046,200,226 a year ago. Acquisitions of property and equipment were PHP 440,271,877 against PHP 494,660,550 a year ago. EBITDA was PHP 2,538.0 million against PHP 3,137.7 million a year ago.

GMA Network, Inc. Provides Earnings Guidance for the Fiscal Year 2014 and 2015

GMA Network, Inc. provided earnings guidance for the fiscal year 2014 and 2015. For the year 2014, the company's net income will be lower than 2013. For 2015, the prospects are better given the expected influx of Advocacy Ads.

GMA Network, Inc., Q3 2014 Earnings Call, Nov 14, 2014

GMA Network, Inc., Q3 2014 Earnings Call, Nov 14, 2014

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 24, 2014
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