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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.

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

  1. Anonymous // May 12, 2011 at 6:54 pm //

    Ang mga kapusong TANGA!!! hahaha

    nakakatawa naman ang mga kapuso dito parang mga kinder lang hahahaa…

    KUDOS ABS-CBN!!!

  2. kuha mo? // May 12, 2011 at 6:33 pm //

    @ 22 & 23

    kaya pala hindi umuutang pang expand ang kapus-o kunti lang pala ang kanilang assets as compared to ABS…

    madali lang maiilit…

    harharhar….

  3. AMAYA utang na loob isalba mo kami // May 12, 2011 at 6:06 pm //

    Amaya…tulungan mo kami! Lubog na kami sa utang, number 1 sa umaga, wala namang kaming kita…AMAYA!!!!

    WELMA: YOU’RE FIRED…KUHA MO?
    Amaya: OO, yung corned tuna?

  4. cno ba un may kasong tax evasion, share naman…

  5. ABS-CBN ay Blue-Chip sa Philippine Stock Exchange; GMA matagal nang tanggal!!! // May 12, 2011 at 6:03 pm //

    30 Blue-Chip Stocks Listed on the Philippine Stock Exchange:
    1. Lepanto Consolidated Mining Co.
    2. Philex Mining Corp.
    3. DMCI Holdings Inc.
    4. Aboitiz Equity Ventures Inc.
    5. Ayala Corp.
    6. International Container Terminal Services Inc.
    7. ABS-CBN Broadcasting Corp.
    8. Jollibee Foods Corp.
    9 SM Investment Corp.
    10. JG Summit Holdings Inc.
    11. Universal Robina Corp.
    12. Banco de Oro Unibank Inc.
    13. Bank of the Philippine Islands
    14. China Banking Corp.
    15. Metropolitan Bank & Trust Co.
    16. Alliance Global Group Inc.
    17. Ayala Land Inc.
    18. Filinvest Land Inc.
    19. Megaworld Corp.
    20. Robinsons Land Corp.
    21. SM Prime Holdings Inc.
    22. Globe Telecom Inc.
    23. Philippine Long Distance Telephone Co.
    24. Aboitiz Power Corp.
    25. First Gen Corp.
    26. First Philippine Holdings Corp.
    27. Energy Development Corp.
    28. Manila Water Co. Inc.
    29. Manila Electric Co.
    30. Metro Pacific Investments Corp.

  6. ano magandang pakinggan ang may utang o may kasong tax evasion // May 12, 2011 at 5:56 pm //

    ano magandang pakinggan ang may utang o may kasong tax evasion

    ano magandang pakinggan ang may utang o may kasong tax evasion

    ano magandang pakinggan ang may utang o may kasong tax evasion

    ano magandang pakinggan ang may utang o may kasong tax evasion

    ano magandang pakinggan ang may utang o may kasong tax evasion

    ano magandang pakinggan ang may utang o may kasong tax evasion

    ano magandang pakinggan ang may utang o may kasong tax evasion

    ano magandang pakinggan ang may utang o may kasong tax evasion

  7. abanga sa lunes // May 12, 2011 at 5:54 pm //

    abangan nyo sa lunes hahahhahahahha, baka hindi sa lunes baka next month, kasi kulang na kulang pa..hahhahahaha

  8. goodluck sa padding at goodluck sa gmnewstv na luging lugi! btw, meron pa bang gma records, gma films? bwahahaha!

  9. ano magandang pakinggan ang may utang o may kasong tax evasion // May 12, 2011 at 5:52 pm //

    ano magandang pakinggan ang may utang o may kasong tax evasion

    ano magandang pakinggan ang may utang o may kasong tax evasion

    ano magandang pakinggan ang may utang o may kasong tax evasion

  10. In fairness ang taas … Check their EBIT that’s the operating income, Yan ang ABSCBN pinagkakatiwalaan ng mga advertisers and consumers kc magaganda quality ng shows.

  11. tax evasion // May 12, 2011 at 5:50 pm //

    ano ang magandang pakinggan ang may utang o ang may kasong tax evasion..sige nga sagot na hahahhahahhha

    sino may balak bumili ng stockholder? hahahhahahha

  12. Abangan, sa LUNES na ang Presscon ng GMA para sa Net Income nila sa 1st Quarter, kudos GMA, sure ako more than 1 Billion Pesos ang kita nyo, kabog na naman ang EBAK-CBN.

  13. tax evasion // May 12, 2011 at 5:46 pm //

    at yong isang stockholder ng gma binibenta nya ang kanyang share, sino interesadong bumili, bakit kaya nya binibenta eh number 1 naman ang gma..hahahahhahahah

  14. hindi mo alam, hahhaa, mag research k naman, o nagbubulagbulagan lang

  15. OO naman, huwag mo nang problemahin yon!

    problemahin mo na lang ang TELEBABA nyo at mga FLOP nyong gma starlets! bwahahahaha!

  16. tax evasion // May 12, 2011 at 5:43 pm //

    number1 pala ang gma bakit hindi kayo magbayad ng tamang tax..hahahhaha

  17. bakit may kaso ba ang gma7 na tax evasion. // May 12, 2011 at 5:43 pm //

    mayroon bang tax evasion case ang gma 7?

  18. tax evasion // May 12, 2011 at 5:42 pm //

    kumusta ang kaso ng tax evasion ng gma hahahhahahha…kumusta na kaya ang tax evasion ng gma hahhaaahahaha

  19. tax evasion // May 12, 2011 at 5:41 pm //

    kumusta pala ang kaso ng gma sa tax evasion

  20. ang mapagsamantalang kumpanya ay hindi dapat kainggitan. // May 12, 2011 at 5:40 pm //

    e magbayad kayo ng mga pagkakautang tutal malaki kinita ninyo.

  21. walang utang daw // May 12, 2011 at 5:40 pm //

    bakit bakit takot na takot ang isang artista na isang stockholder ng gma, kumusta pala ang kaso ng gma sa tax evasion

  22. bakit hindi lalaki kita ninyo e ang dami nyong unfair labor practices. // May 12, 2011 at 5:38 pm //

    kaya pala napakaraming kasong hinaharap ang ebak cbn.

  23. number 1 daw // May 12, 2011 at 5:36 pm //

    talaga malaki pa ang kinita ng gma bakit yong isang stockholder ng gma na artista binibinta nya ang kanyang stockholder, diba walang utang ang gma, bakit parang takot na takot itong artista na ito..clue?
    isang startruck batch 1

  24. Wag nlang pumutak kung di marunong sa accounting

  25. Anonymous // May 12, 2011 at 5:32 pm //

    Inggit nnmn ang mga kapuspalad ..haha ..cla xe 1billion in 1year lng ang knikita ..haha ka2awa ..

  26. oo nga nakakatulog si wilma sa kangkungan sa bagsak na TELEBABA at LUGING gmanewstv! bwahahahahahaha!

  27. iba talaga ‘pag DEBT-FREE, gaya ng GMA, nakakatulog nang mahimbing sina Mam Wilma, hindi gaya ni Charot, stress-out

  28. gma 7 total assets...around 15b.....ABS-CBN 2'S TOTAL ASSETS AROUND 35B... // May 12, 2011 at 5:23 pm //

    nakakahiya naman sa mga kapuso hahah…yung utang ng abs-cbn 2 halos total assets na nila….sus naman.

  29. gma 7 total assets...around 15b.....ABS-CBN 2'S TOTAL ASSETS AROUND 35B... // May 12, 2011 at 5:22 pm //

    at flo, utang na naman ang binabanggit ng mga kapuso…eh yung utang ng abs-cbn 2 halos total assets na ng gma7 hahaha….kaaliw

  30. yun na nga ang point super claim ang gma 7 na no.1 sila at malakas kumita nung mga previous years pero hindi man lang napalago yung company nila...walang ibang subsidiaries // May 12, 2011 at 5:19 pm //

    e ang ABS-CBN 2 MAY SKYCABLE,BAYANTEL,TFC, METROMAGAZINES,HOMECABLE,star records,starcinema ETC…lumago talaga ng todo

  31. FEELING MO LANG kasi maraming subsidiaries ang ABS-CBN. ang gma kasi hindi mo mahalata kasi gma7 lang at qtv este gmanewstv. ang kita kasi as of now nang gmanewstv ay 50,000 ang gma records ay 5,000 at gma films na 100,000. all in all ay 155,000! wow congrats kapuso station! bwahahahahahaha!

  32. 900PLUS milli0n lang C0NSIDERING ang DAMI ng c0mpany nila… NAKASAMA jan ang SKY CABLE, at STAR cinema gross! parang kulang ata!
    SA GMA-7 ang kita lang ng 7 ang kinakalkulate..

  33. Wag ng epal dyan GMA baka mapahiya na naman kayo // May 12, 2011 at 4:57 pm //

    @ 16 eh pano yun to have high net income you must control the significant primetime slot sa Mega Manila and Nationwide?….Sa nationwide sa umaga at hapon lng nangunguna GMA which insignificant as compared to the primetime LoL

  34. @10, pano mo naman nasabing ayaw pautangin ang GMA, eh hindi naman kailangan ng GMA mangutang dahil laging may CASH.

  35. Sa lunes ilalabas na ng GMA ang 1st Quarter Report nila, at sure ako na mahigit sa 1 Billion Pesos ang magiging Net Income kasi Nationwide ng nangunguna ang GMA, YAHOO!!!

  36. haha!!! // May 12, 2011 at 4:41 pm //

    ang walang kamatayang utang issue na naman… hindi kasi nakaintindi kung paano mangutang ng malaki sa bangko. palibhasa ang alam eh mangutang lang ng ulam sa tindahan…

  37. Kapamilya // May 12, 2011 at 4:41 pm //

    Kahit puro declined naka-state dito ay understandable yun kc may ABSENCE OF ELECTION RELATED ADS naman sa 2011 ascompared to 2010 na napuno ng political ads ang mga free networks

  38. Anonymous // May 12, 2011 at 4:39 pm //

    ayan,utang agad ang bumungad sa bunganga ni flo.haha.bobo nga naman…you are fired..kuha mo?.bwahahaha

  39. Tingnan nyo yung Metro Magazine na pagmamay-ari ng EBAK-CBN Publishing, kinuha si Iza Calzado, sikat talaga basta kapuso! lolz.

  40. yan na naman, sinisingit na nman ung utang thingy? hahaha, la na bang iba na maibato? nakakasawa na kc eh.. xDD

    dun ka na lang sa walang utang kuno na network mo… HAHA!! wla na kcng epekto ung utang issue eh. d tulad dati pag may issue ang DOS about dun sa mga utang thingy, ansarap pumuntirya ng mga kapuso by commenting about other things na maibubutas sa network na un, pero ngayon… ok lang… LOLOL. no thrill at all.

  41. masmabutingmayibayadkesadipauutangin // May 12, 2011 at 4:35 pm //

    flo, mas mabuti ang may ibabayad kesa walang magpapautang, kasi kahit ads at films ay walang sumusporta, dagdagan nyo pa ng mga music records at out-ot-megamanila shows

  42. paano yan mga kapus-puso o kapus-palad, sasabihin nyo naman na balot sa utang ang ABS, bakit halos isasara na ang QTV, at patuloy ang subsisidiary companies ng ABS, sino ngayon ang palubog?

  43. Ang laki ng kinita. O bayaran na ang P12 Billion na utang para maging P11 Billion na lang. lolz

  44. Superb film at its best: "In the Name of Love" // May 12, 2011 at 4:31 pm //

    Guys I recommend na panoorin nyo talaga ang “In the Name of Love” ni Angel Locsin at Aga kc aside from being a well-crafted film ay hindi talaga cya yung typical Pinoy love story you’ll be shocked iba talaga ang twist napakaganda. Highly recommended talaga belive me!

  45. Anonymous // May 12, 2011 at 4:30 pm //

    oi anu ba sa gma malapit na mag 100 peso

    hahahaha
    pahingi ng balato

    congrats

  46. di p yata umabot ng 500 milyon ung kita nila ngaung 2011 eh..hehehe

  47. Anonymous // May 12, 2011 at 4:28 pm //

    TAMA NA. ENOUGH ENOUGH

  48. Charot grabeh naman tong ABS ang laki ng kita ngayon tingnan natin kung ang pinagsasabi ng kapuso station na cla ang no.1 ay pinaniwalaan ng advertisers kc kung oo dapat mas malaki kita nila sa abs pero kung hindi uhhm sorry na lng.

  49. ABS no.1 Nationwide!! // May 12, 2011 at 4:28 pm //

    Galing tlga ng ABS-CBN!!!

  50. Kapamilya Forever // May 12, 2011 at 4:24 pm //

    wow naman.. mga kapuso kamusta naman jan ang ratings niyo nka 1 billion na ba???

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