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September 05, 2015 12:18 AM ET

Media

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 Entertainment, 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 advertis...

ABS-CBN Broadcasting Center

Sgt. Esguerra Avenue corner Mother Ignacia Street

Quezon City,  1100

Philippines

Founded in 1946

5,735 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 Corp. Reports Earnings Results for the Second Quarter and First Half of 2015; Provides Earnings Guidance for Fiscal 2015

ABS-CBN Corp. reported earnings results for the second quarter and first half of 2015. The company saw a 20% year on year jump in profit for the first half on the back of higher revenue and lower production costs, putting the broadcaster on track to hit its full-year target. First-half net income rose to PHP 1.2 billion from PHP 995 million in 2014's comparable period. Revenues went up to PHP 17.7 billion from PHP 16.38 billion, results it attributed to advertising and significant margin expansion in the company's TV and studio operations. The company reported higher second quarter revenues of PHP 9.3 billion, 11% higher than the revenues generated during the first quarter of 2015. The company has set a profit guidance of PHP 2.4 billion for the year.

ABS-CBN Corporation, Q2 2015 Earnings Call, Aug 12, 2015

ABS-CBN Corporation, Q2 2015 Earnings Call, Aug 12, 2015

ABS-CBN Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015

ABS-CBN Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net income rise by an annual 5.8%, helped by advertising revenues and a cut in production costs. Profit went up to PHP 569 million from PHP 538 million in the same period last year. The group’s revenues rose by 2.4% to PHP 8.4 billion years on year. It generated PHP 4.3 billion in ad revenues alone, up 3.5% from a year ago. Net income attributable to equity holders of the parent company was PHP 667.7 million or PHP 0.804 per basic and diluted share against PHP 626.7 million or PHP 0.749 per basic and diluted share in the same period last year. Income before income tax was PHP 739.12 million against PHP 641.867 million a year ago. Net cash provided by operating activities was PHP 1,800.5 million against PHP 1,416 million a year ago. Additions to property and equipment were PHP 1,305.7 million against PHP 885.8 million a year ago. EBITDA was PHP 1,823 million against PHP 1,764 million a year ago. For the full year of 2015, the company is keeping its profit outlook of PHP 2.4 billion, which represents a 20% annual increase.

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