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 Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 16 15
ABS-CBN Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of PHP 10,089,870,000 against PHP 8,678,935,000 a year ago. Income before income tax was PHP 1,058,524,000 against PHP 708,326,000 a year ago. Net income was PHP 696,308,000 against PHP 545,169,000 a year ago. Attributable to equity holders of the parent company was PHP 877,156,000 against PHP 674,123,000 a year ago. Basic/diluted earnings per share attributable to equity holders of the parent company were PHP 1.055 against PHP 0.807 a year ago.
For the nine months, the company reported revenue of PHP 27,826,190,000 against PHP 25,057,161,000 a year ago. Income before income tax was PHP 2,699,011,000 against PHP 1,794,165,000 a year ago. Net income was PHP 1,894,122,000 against PHP 1,540,141,000 a year ago. Attributable to equity holders of the parent company was PHP 2,295,366,000 against PHP 1,836,106,000 a year ago. Basic/diluted earnings per share attributable to equity holders of the parent company were PHP 2.782 against PHP 2.204 a year ago. Net cash provided by operating activities was PHP 6,977,644,000 against PHP 4,883,053,000 a year ago. Additions to property and equipment were PHP 3,406,512,000 against PHP 3,493,903,000 a year ago. Additions to program rights and other intangible assets were PHP 1,538,194,000 against PHP 1,030,166,000 a year ago. Consolidated EBITDA was PHP 6,151,352,000 against PHP 5,300,673,000 a year ago.
ABS-CBN Corp. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Full Year 2015
Nov 10 15
ABS-CBN Corp. announced earnings results for the third quarter and nine months ended September 30, 2015. For the third quarter, the company reported revenues of PHP 10.1 billion higher than the PHP 8.77 billion gross revenue it reported in 2014's comparable period. The company's earnings were PHP 696.19 million compared to PHP 545.17 million profit a year ago.
For the nine months, the company announced net income of PHP 1.9 billion, 23% higher year on year. Net revenues improved by 11% to PHP 27.83 billion. EBITDA was PHP 6,151 million against PHP 5,301 million a year ago. Capex spent was PHP 3.8 billion.
The company announced that it is on track to meet its PHP 2.4 billion profit target this year. Full year Capex estimate is PHP 6.2 billion.