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
Founded in 1946
ABS-CBN Corp. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the Year of 2015
Apr 1 15
ABS-CBN Corp. reported audited consolidated earnings results for the year ended December 31, 2014. For the full year, the company reported total revenue of PHP 33,543,628,000 against PHP 33,377,904,000 a year ago. Income before income tax was PHP 2,787,134,000 against PHP 2,712,658,000 a year ago. Attributable to equity holders of the Parent company was PHP 2,387,085,000 against PHP 2,145,725,000 a year ago. Basic/Diluted Earnings per share attributable to equity holders of the parent company was PHP 2.867 against PHP 2.678 a year ago. Net cash provided by operating activities was PHP 5,011,071,000 against PHP 8,055,060,000 a year ago. Additions to property and equipment was PHP 4,991,980,000 against PHP 3,727,670,000 a year ago. Program rights and other intangible assets was PHP 1,433,238,000 against PHP 1,772,969,000 a year ago. Return on Equity as at December 31, 2014 was 7.6% compared to 7.8% a year ago. Return on Assets as at December 31, 2014 was 3.0% compared to 3.5% a year ago. EBITDA was PHP 7.476 billion against PHP 7.195 billion a year ago. Cash capital expenditures and program rights acquisitions amounted to PHP 4.903 billion, 10% higher than last year's PHP 4.462 billion. Program rights acquisitions amounted to PHP 1.175 billion.
For 2015, the company expects to invest approximately PHP 8.3 billion for capital expenditure and acquisition of film and program rights.
ABS-CBN Corp. Reports Earnings Results for the Year 2014; Provides Earnings Guidance for 2015
Mar 20 15
ABS-CBN Corp. reported earnings results for the year 2014. For the year, the company reported net income reached PHP 2.03 billion compared to PHP 2.028 billion a year earlier, which was inflated by election-related spending. Excluding the impact of political advertisements, net profit rose 41.9% from PHP 1.43 billion in 2013. Revenue was flat at PHP 33.54 billion last year.
For 2015, the company raised its capital expenditure budget to PHP 8.5 billion from PHP 5.6 billion in 2014 to finance the development of additional programs, increase pay TV subscribers and complete the construction of the first phase of a soundstage by end of the year. The company expects a 20% growth in terms of net income for 2015.
ABS-CBN Corporation Appoints Caesar J. Poblador as Head, Legal Services
Mar 11 15
ABS-CBN Corporation on March 5, 2015 appointed Atty.Caesar J. Poblador as Head, Legal Services effective February 20, 2015.