December 17, 2017 12:01 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 businesses in the Philippines, the United States, the Middle East, Europe, Australia, Canada, and the Asia Pacific. The company operates through: TV and Studio, Pay TV Networks, and New Businesses segments. It creates and distributes content, including tele series, drama anthologies, situation comedies, reality and game shows, and news and public affair programs through free TV and radio with Channel 2 and DZMM platforms; and distributes content through direct to home, Internet protocol television, mobile, and online. The company also engages in film distribution, money remittance, retail an...

ABS-CBN Broadcasting Center

Sgt. Esguerra Avenue Corner Mother Ignacia Street

Quezon City,  1103

Philippines

Founded in 1946

6,304 Employees

Phone:

63 2 415 2272

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 Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017

ABS-CBN Corporation reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total revenue of PHP 10,168,167,000 as compared to PHP 10,176,126,000 for the same period last year. Interest income was PHP 35,636,000 as compared to PHP 40,141,000 for the same period last year. Income before income tax was PHP 1,232,995,000 as compared to PHP 967,385,000 for the same period last year. Net income was PHP 1,011,088,000 as compared to PHP 733,788,000 for the same period last year. Net income attributable to equity holder of the parent company was PHP 956,869,000 as compared to PHP 823,726,000 for the same period last year. Basic and diluted earnings per share attributable to the equity holders of the parent company was PHP 1.161 as compared to PHP 1.000 for the same period last year. For the nine months, the company reported total revenue of PHP 29,511,718,000 as compared to PHP 31,166,234,000 for the same period last year. Interest income was PHP 121,473,000 as compared to PHP 159,798,000 for the same period last year. Income before income tax was PHP 2,809,070,000 as compared to PHP 3,754,484,000 for the same period last year. Net income was PHP 2,266,976,000 as compared to PHP 2,847,738,000 for the same period last year. Net income attributable to equity holder of the parent company was PHP 2,411,529,000 as compared to PHP 3,096,448,000 for the same period last year. Basic and diluted earnings per share attributable to the equity holders of the parent company was PHP 2.925 as compared to PHP 3.759 for the same period last year. Net cash provided by operating activities was PHP 4,410,946,000 as compared to PHP 8,138,019,000 for the same period last year. Additions to property and equipment was PHP 3,809,578,000 as compared to PHP 4,403,594,000 for the same period last year. Additions to Program rights and other intangible asset was PHP 801,709,000 as compared to PHP 639,687,000 for the same period last year.

ABS-CBN Corporation, Q3 2017 Earnings Call, Nov 10, 2017

ABS-CBN Corporation, Q3 2017 Earnings Call, Nov 10, 2017

ABS-CBN Corporation Announces Management Changes

ABS-CBN Corporation appointed Mr. Emmanuel S. De Dios, an Independent Director, as member of the Nominations and Elections Committee, replacing Mr. Carlo L. Katigbak. The Independent Directors agreed that Mr. Antonio Jose U. Periquet shall be the Lead Independent Director.

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