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ABS-CBN Nets Close to P1 Billion for the First Quarter of 2011 Despite the Absense of Election Related Ads

The consolidated net income of ABS-CBN Corporation registered P976 million for the first three months of the year ending March 31, 2011.

ABS-CBN delivered consolidated revenues of P6.6 billion from advertising and consumer sales, a 15% decline compared to a year ago. Less the revenues from political advocacies and advertisement from the first quarter of 2010, consolidated revenues in the first quarter of 2011 increased by 3% year-on-year.

ABS-CBN’s advertising revenues declined 21% or P1.0 billion to reach P4.0 billion. Minus the revenues from political advocacies and advertisement in the first quarter of 2010, advertising revenues in the first quarter of 2011 increased by 10% year-on-year. This increase is attributable to the rise in total advertising minutes sold and programmed rate increase that took effect in February 2011.

Consumer sales for the first quarter of 2011 amounted to P2.5 billion, posting a 5% decrease or P147 million less from a year ago, mainly from ABS-CBN Global. ABS-CBN Global revenues declined by 15% year on year in peso terms due to the decline in subscribers and the appreciation of the Philippine peso against the US dollar. Meanwhile, Sky Cable continues to contribute positively with revenues increasing by 6% to P1.0 billion. This is mostly driven by the increased take up of its broadband service subscriptions which increased by 31% year-on-year.

Total expenses declined by P721 million or 13% year-on-year to P4.7 billion partly due to the lower cost of sales and services and general and administrative expenses (GAEX).

Net income attributable to shareholders for the first quarter of 2011 is at P976 million, inclusive of the gain on sale of Sky Cable Philippine Depositary Receipts (PDRs), a 10% decline year-on-year. Removing the effects of this one-time gain in the first quarter of 2011 and P1.40 billion revenues generated from political advocacies and political advertisement in the first quarter of 2010, net income would have increased by 12% year-on-year.

Meanwhile, earnings before interest, taxes, depreciation and amortization (EBITDA) hit P2.1 billion, a 14% decline year-on-year. Stripping the one-time gain in the first quarter of 2011 and equally shaving the P1.40 billion revenues generated from political advocacies and political advertisement in the first quarter of 2010, EBITDA would have grown by 6% year-on-year

Capital expenditure and film and program rights acquisition for the first quarter of 2011 amounted to P886 million, P400 million or 82% higher than the level of spending from previous year. These are all programmed expenditures to increase the company’s capacity to produce additional shows.

ABS-CBN maintained its national audience share and ratings leadership with prime-time audience share averaging 41% in the first quarter of 2011, going by Kantar Media National TV Ratings’ figures.

For the period January to March 2011, all six of ABS-CBN’s primetime week-day shows were in the Top 6: the Top 6: Emil Cruz Jr.’s Mara Clara, Pablo S. Gomez’s Mutya, Minsan Lang Kita Iibigin, Noah, TV Patrol and Imortal. The same trend was repeated in the week-end where ABS-CBN’s primetime week-end shows also dominated the top programs: Pilipinas Got Talent (Saturday and Sunday edition), Wansapanataym : Ulo, Kokak, Family Tree, and Buhawi Jack, Maalaala Mo Kaya…, Rated K Handa Na Ba Kayo?, and Goin’ Bulilit.

Primetime programs launched in the first quarter of 2011—Mutya and Pilipinas Got Talent—enjoyed national program ratings in the 30s, and audience share in the high 40s.

ABS-CBN Global’s overall viewer count decreased by 3% year-on-year, driven by the decline in subscriber growth in the Middle East, Europe and Japan. Double digit subscriber growth continued to be experienced in Canada, and mid-to-high single digit subscriber growth in Asia-Pacific and Australia.

ABS-CBN Film Productions, Inc. released five films in the first three months of this year, two more than the same period in 2010. Three of them–Ang Tanging Ina Mo Last Na To, Dalaw and Catch Me I’m in Love–topped P100 million in box office receipts, earning blockbuster status by local standards.

9 Comments on ABS-CBN Nets Close to P1 Billion for the First Quarter of 2011 Despite the Absense of Election Related Ads

  1. alam nyo gma s locr dhlmanddya cla scrptd ang ratns cagb favr s gma nver akong mmnwla na natlo ng magc palayok ang mula sa puso

  2. selfglorifyer // May 18, 2011 at 3:45 pm //

    COMPARATIVE FINANCIAL DATA OF ABS-CBN & GMA, 1st QUARTER, 2011
    (in billion, PhP)
    ========================================
    PARTICULARS//ABS-CBN//GMA
    ========================================
    Advertising Revenue//3.000//2.900
    Consumer Sales (Excluding rev. from sale of 40% of Sky Cable) //2.500//0.230
    —————————————-
    Total Revenue//5.500//3.130
    ========================================
    Earnings B4 Interest, Taxes, Depr’n. and Amortization (EBITDA)//2.100//0.930
    ========================================
    Consolidated Net Income//0.976//0.534
    ========================================

    Notes:

    1. The Consolidated Net Income of ABS-CBN (excluding the gain on sale of 40% of Sky Cable) amounting to 302M (976 – 674) pesos is up by 12% compare to last year’s first quarter.

    2. The Consolidated Net Income of GMA amounting to 534M is down by 37.5% compare to last year’s first quarter.

  3. selfglorifyer // May 18, 2011 at 3:39 pm //

    From DOS: “Capital expenditure and film and program rights acquisition for the first quarter of 2011 amounted to P886 million, P400 million or 82% higher than the level of spending from previous year. These are all programmed expenditures to increase the company’s capacity to produce additional shows.”

    From SIETE: “Capital expenditure during the first three months of 2011 was at P241 million from P107 million in the same period last year. For the whole of 2011, Network has budgeted P719 million for capex compared to P428 million last year.”

    Ang capital expenditure ng DOS (886M) sa isang quarter lang ay mas malaki pa sa SIETE (719M as budgeted) sa buong taon. Nangngahulugan ito na istable ang DOS, maraming naniniwalang investors at financial instituions (nagpapautang dahil naniniwala) sa DOS. Hindi naman kasi porke nangutang ka para sa negosyo, bagsak ka na, taliwas sa paniniwala ng ibang kapuso na walang alam kung anong ibig sabihin ng PAG-UTANG pagdating sa negosyo.

  4. true blue kapamilya // May 15, 2011 at 1:15 pm //

    isa pa, matagal na nkapasok ang abs, natatanggal nga lng pero bumabalik naman sa lista evry now and then… tulad lng naman yan ng mga ibang companies, kahit na malaki pa ito. San Mig nga parating natatanggal pero bumabalik sa lista… eh ung gma, nakapasok nga sa unang attempt na sinasabi mo kng totoo, perpo d na nakabalik. mahina kc tumaas ang price nila kc pagtinaaasan wla ng bumili. halos bargain price na nga lng price ng stocks nyo, nasa P6.– prin pricing hanggang ngyon.. eh ung abs, halos nagdouble ang price sa maikling panahon lng. noong 2008, P22.– eh ngayon nsa P42.–… last yr nga, umabot sa P57 ang pricing nla.. ang layo kya ng pricing comparison.. ang cheap nman kc ng gma.

  5. true blue kapamilya // May 15, 2011 at 12:51 pm //

    hintayin mo tatay mo… cge nga tignan natin kng ano ang sinasabi ng sinungaling mong network. kung talagang malaki ang kita ng gma eh d sana naglabas na cla matagal na. hintayin ba naman mkapaglabas ang abs bago cla mkapaglabas. eh d xmpre mas malaki ipapalabas nila, mgmumukha lng clang tanga kng magdisclose cla ng kita tpos mababa pa pla sa abs. sabihin mo, doktor2 na naman yan. ngayon, malaki ang kita ng abs dahil sa eleksyon sasabihin mo biased cla? d b claim nyo mas maganda at tinagkilik ang gma nyo sa eleksyon? bakit mas malaki kita ng abs? eh d umamin din kayo na puro lng kayo claim2? kesyo no. 1 kayo? kesyo pinananigan kyo ng marami sa pagbabalita? kesyo mataas rating nyo? wla naman kayong napapatunayan sa madla… puro bokya ang natatanggap nyo sa lahat… kaya wish nlng kayo!

  6. ABS-CBN ROCKS // May 15, 2011 at 12:26 pm //

    @299 susme a matter of one month nlang hina u naman mag estmate…mas malapit na maging 6 yrs kaysa maging 5 years helo marunong po ba u sa math…? pinagmamalaki mo yang entry nun 1995 pa…ang tanung nakita mo ba yun sinasabi q entry na binola sa abs noong 1996? so kung hindi stop na u kc wala u basis sa pag compare mo..kung nakita u naman ibig sabihin nagbulagbulagan k! ….

  7. Anonymous // May 15, 2011 at 10:39 am //

    aq pra skin eh anu ngaun qng ntanggal. AT LEAST ANG GMA, 2 YEARS P LANG S STOCKS EH PASOK N AGAD S BLUE CHIP COMPANY ANG ABS EH KTAGAL-TAGAL N EH 2007 LNG NPASOK. 1ST ATTEMPT LNG NMAN UN NG GMA. PRO BABAWI CLA.

  8. alam mu eh WLA NMANG BLUE CHIP ANG GMA EH. Nkasama lng cla noon pro kya ganyan naalis cla ksi BAGO P LANG NMAN EH MGA 2 YEARS P lang cla s pse. Ngaun malay mu next year eh mkasama n cla ulit dhil palagay q eh lumakas cla ngaun at ntanggal lng cla ksi ELEKYON LAST YEAR N NGBIGAY NG KITA S ABS-CBN NG MLAKI DHIL S BIAS NILANG PGBABALITA. BASTA SBI Q SAU, ANTAYIN MU S MAY 16 ANG KITA NG GMA NG Q1 2011.

  9. true blue kapamilya // May 15, 2011 at 9:45 am //

    ay nko # 300, panis na yang balita mo. 2009 pa pla yan; klarong klaro na nag a-update ang PSEx every now and then. ito yong bagong lista sa 30 blue chip stocks ng PSEx or commonly known as Philippine Stock Exchange Composite Index (PSEi), ang isa sa basehan ng state of economy ng bansa:

    The following are the companies listed on the PSEi (effective 09 May 2011):

    Aboitiz Equity Ventures (PSE: AEV)
    Aboitiz Power (PSE: AP)
    ABS–CBN Corporation (PSE: ABS)
    Alliance Global Group, Inc. (PSE: AGI)
    Ayala Corporation (PSE: AC)
    Ayala Land (PSE: ALI)
    Banco de Oro Unibank, Inc. (PSE: BDO)
    Bank of the Philippine Islands (PSE: BPI)
    DMCI Holdings (PSE: DMC)
    Energy Development Corporation (PSE: EDC)
    Filinvest Land (PSE: FLI)
    First Gen Corporation (PSE: FGEN)
    First Philippine Holdings Corporation (PSE: FPH)
    Globe Telecom (PSE: GLO)
    International Container Terminal Services Inc. (PSE: ICT)
    JG Summit Holdings (PSE: JGS)
    Jollibee Foods Corporation (PSE: JFC)
    Lepanto Consolidated Mining Company (PSE: LC and LCB)
    Manila Electric Company (PSE: MER)
    Manila Water Company (PSE: MWC)
    Megaworld Corporation (PSE: MEG)
    Metro Pacific Investments Corporation (PSE: MPI)
    Metropolitan Bank and Trust Company (PSE: MBT)
    Philex Mining Corporation (PSE: PX)
    Philippine Long Distance Telephone Company (PSE: TEL)
    Robinsons Land Corporation (PSE: RLC)
    Security Bank Corporation (PSE: SECB)
    SM Investments Corporation (PSE: SM)
    SM Prime Holdings (PSE: SMPH)
    Universal Robina Corporation (PSE: URC)

    yang impormasyong yan, galing ng wikipedia at last updated yan noong 21 April 2011 at 08:15… freshest update from wikipedia… kuha mo?

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