January 21, 2017 5:16 AM ET

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Company Overview of ABS-CBN Corporation

Company Overview

ABS-CBN Corporation, together with its subsidiaries, engages in the television and radio broadcasting business in the Philippines, the United States, the Middle East, Europe, Australia, Canada, and Japan. The company operates through three segments: TV and Studio, Pay TV Networks, and New Businesses. It also offers cable and satellite programming, money remittance, trading, telecommunications, music and print publishing, content development and programming, educational/training, interactive media, and support and call center services. In addition, the company provides restaurant and food, broadband Internet, merchandising, and mobile services; and marketing, sales, and advertising services, ...

ABS-CBN Broadcasting Center

Sgt. Esguerra Avenue corner Mother Ignacia Street

Quezon City,  1100

Philippines

Founded in 1946

5,926 Employees

Phone:

63 2 924 4101

Key Executives for ABS-CBN Corporation

ABS-CBN Corporation does not have any Key Executives recorded.

ABS-CBN Corporation Key Developments

ABS-CBN Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 2016

ABS-CBN Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 2016. For the third quarter, the company reported operating revenue was PHP 10,176,126,000 compared to PHP 10,089,870,000 a year ago. Net income before tax was PHP 967,384,000 compared to PHP 1,058,524,000 a year ago. Net Income after tax was PHP 733,788,000 compared to PHP 696,308,000 a year ago. Net income attributable to parent equity holder was PHP 823,726,000 compared to PHP 877,156,000 a year ago. Basic and diluted earnings per share were PHP 1.000 compared to PHP 1.055 a year ago. For the nine months, the company reported net income before tax was PHP 3,754,484,000 compared to PHP 2,699,011,000 a year ago. Net income after tax was PHP 2,847,738,000 compared to PHP 1,894,122,000 a year ago. Basic and diluted earnings per share were PHP 3.759 compared to PHP 2.782 a year ago. Book value per share was PHP 31.32 compared to PHP 28.81 a year ago. EBITDA was PHP 7,414 million compared to PHP 6,151 million a year ago. Net cash provided by operating activities was PHP 8,138,019,000 compared to PHP 6,977,644,000 a year ago. Additions to property and equipment were PHP 4,403,594,000 compared to PHP 3,406,512,000 a year ago. Additions to program rights and other intangible assets was PHP 639,687,000 compared to PHP 1,538,194,000 a year ago.

ABS-CBN Corporation Reports Consolidated Earnings Results for the Nine Months Ended September 2016; Provides Earnings Guidance for the Year 2016

ABS-CBN Corporation reported consolidated earnings results for the nine months ended September 2016. For the period, the company reported revenue of PHP 31.1 billion, bringing its net income to PHP 2.85 billion, 50% higher compared to the same period last year. Net income attributable to parent was PHP 3.1 billion, up 34.78% from PHP 2.3 billion in the same months in 2015. The company is confident that it will meet earnings guidance of between PHP 3.2 billion to PHP 3.5 billion for the year 2016. The company expects capital expenditures to reach PHP 6.4 billion.

ABS-CBN Corporation, Q3 2016 Earnings Call, Oct 28, 2016

ABS-CBN Corporation, Q3 2016 Earnings Call, Oct 28, 2016

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