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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 11:27 pm //

    ang mula sa puso FLOP na FLOP!!

  2. Anonymous // May 12, 2011 at 11:26 pm //

    paanong hindi malulugi ang abs 2 shows lang ang nagrate nung Q1????

  3. Anonymous // May 12, 2011 at 11:25 pm //

    ang dami dami pang kaso NG ABS sa korte!!

  4. Anonymous // May 12, 2011 at 11:25 pm //

    ang HYY ng abs–luging lugi!!

  5. Anonymous // May 12, 2011 at 11:23 pm //

    dahil ang GMA wala kang masasabing nalugi dahil yung movie ni richard na mvg, naka 44M+ din kaya ok lang………. sa ABS ang dami ng ibinaba!!!

  6. Anonymous // May 12, 2011 at 11:20 pm //

    ang daytime sa gma lahat, primetime ok lang..
    kaya sa palagay ko mas kumita ngayong Q1 ang GMA!!!

  7. Anonymous // May 12, 2011 at 11:19 pm //

    dahil sa GMA parehas lang!!!at mas maganda ang performance this Q1 ng GMA dahil halos lahat ng shows tama lang hindi FLOP.. ang machete nagtapos ng mataas kaya bawi rin…

  8. Anonymous // May 12, 2011 at 11:18 pm //

    at declined ang kita ng abs kundi pa sa skycable baka wala ng kinita ang ABS TV… pati TFC declined din dahil karamihan mas gusto na ang GMA PINOYTV…at tingnan nyo walang ng election kaya declied ang abs… doon lang sila kumikita sa election>>>
    sigurado mas malaki talaga ang kita ng GMA…

  9. Anonymous // May 12, 2011 at 11:15 pm //

    ang kaspamilya wala namang sinasabi ang kapuso mga todo depensa na.. kung kumita kayo ok!!! pero nagrereflect ba yung kinita sa totoong nagyayari…..kahit anong paliwanag nyo UTANG at UTANG pa rin yan.resposibilidad yan ng network nyo.. nakakabit na yan na UTANG ng ABS>>>

  10. Ano ba naman kapuso // May 12, 2011 at 11:09 pm //

    @ 84 ikaw ang walang alam basahin mo buong article pati title may decline kc nga bcoz of absence of Election Related Ads gets baka kc nakalimutan mo na may election nuong 2010 gets mo??!!

  11. Anonymous ... // May 12, 2011 at 11:00 pm //

    Hay naku umandar na naman ang pagka-bias ng site na ito…

  12. Anonymous // May 12, 2011 at 10:58 pm //

    MAY DIVINE INTERVENTION KAYA TONG TEMP.ISLAND GAYA NI CPT.BILBIL.

  13. Sawsawera // May 12, 2011 at 10:57 pm //

    bakit kahit na kinuha kang product endorser, ibig ba sabihin nun sikat kana ang dami namang di kilalaang product endorser diba? yung dyan may kadoble pa hindi sa kanila ang buhok pero nag-eendorse ng shampoo, enhanced pa ng CGI,,,

  14. Anonymous // May 12, 2011 at 10:56 pm //

    TEMPTATION ISLAND FLOP TO DAMING STARLETS NG KAMUNING.

  15. Anonymous // May 12, 2011 at 10:54 pm //

    WALANG NG POL ADS PERO KONTI LANG BINABA SA KITA NG ABS EH PANO NA KAYA SA GMEW EH DI MAS LALONG LUGI SILA HAHAHA.

  16. Anonymous // May 12, 2011 at 10:50 pm //

    DOMINO EFFECT NA YATA KAMALASAN SA KAMUNING STATION MALAS KASI KAPAG NAGTATARAY SI INDAY BIBE.

  17. mga kapaamilya bago kayo magyabang intindihin nyong mabuti ang nakapost.. // May 12, 2011 at 10:50 pm //

    ang sabi decline…ABS-CBN’s advertising revenues declined 21% ….huhuhuhu…

    buti nalang may Skycacle Broadband

  18. bumaba ang net income namin for the last quarter dahil nationwide na ang distribution ng noodles and sardines…

  19. Anonymous // May 12, 2011 at 10:46 pm //

    MAY MALAS ATA SA GMEW KAYA NALUGI HINDI KAYA SI MIKE ILONG,MEL TANDA OR SI BAD VIBES ANG KANEGAHAN NI INDAY BIBE GAYA NG BIBE FLOP AT BAMPIRELLA FLOP.

  20. @ isa pa uli LONG .. isa pa! // May 12, 2011 at 10:45 pm //

    BINABABOY AT BINABABA ng GMA…

    nakakatawa man o nakakarindi!

    1. dahil walang kwenta ang mga Artista nila.. na starless at walang talents.. PURO pantasya na lang Pinupukpoks sa kapipirangot na mga Utak na mga kangusong manonood! (hindi mamimili LONG)

    2. Imbes na pagandahin ang imahe ( physically) ng industriya . Nag eemploy ng mga BABOY at UNGOY sa TV.. lets accept it.. sa PINAS lang yan.. manood ka ng ng Channels sa mga mayayamang bansa.. para malaman mong KAPANGITAN ng mukha ang panlaban ng GMA para mapansin sila sa mga international award giving bodies! BAKIT LONG? exceptional ba kagalingan ng mga HAYOP na tagapamayahag at dokumentista ng GMA para matalo nila ang mga Sobrang galing na ibang taga bansa? hindi long… Nag papaawa sa Mukha ang mga yan hahahaha!

  21. Anonymous // May 12, 2011 at 10:41 pm //

    HINDI ATA MAKAPAGLABAS NG KITA NG KANGUSO PURO BUY 1 TAKE 1 ADS NILA.Hehehe!

  22. @ isa pa LONG! // May 12, 2011 at 10:40 pm //

    Di mo ba napapansin na halos lahat ng Artista sa Commercials? e ABS galing LONG? o di mo naman talaga alam dahil 23 hours kang naghahanapbuhay para makabili ng TUYO? bobong Kanguso!..

    or maybe alam mo yung ginagawang mga surveys ng mga firms to make sure na pag gumawa ng Ads sa TV , may TARGET na specific na MAMIMILI????? MAMIMILI LONG? yun ang sa UTAK ng advertisers… MAMIMILI at next na lang ang MANONOOD! .. hahaha… dahil kung sa MANONOOD ka.. E diba mga WALA NAMANG PERA nanonood ng GMA?? basurang KANGUSO! bobo at uto uto!

    Ayan tawagin mo na akong walang kwentang Filipino… PERO hanggat MARAMI ang katulad mo long na NAGPAPAUTO sa GMA!!! at NAloloko ng GMA basura network! WALANG mangyayari sa Pinas..

    DAHIL!

    KAHIT ANONG PILIT NG IBANG SEKTOR na ITAAS ANG KALIDAD ng PINOY!

    BINABABOY AST BINABABA NG GMA!!…

    ang network na mahal mo long!

  23. Anonymous // May 12, 2011 at 10:37 pm //

    ASAN NA BA NET INCOME NG KANGUSO WALEY ATA CLA SOBRANG NALUGI SA TELEBABOY AT MOVIES NA MAY DIVINE INTERVENTION.LOL!

  24. GMA ay basura! // May 12, 2011 at 10:36 pm //

    sisikat ang GME lalo long dahil sa dami ba naman ng mga squatters sa Pilipinas ngayon..Yung TV na mula korea ang gamit nila sa Mega manila na GME lang at TV 5 ang Klaro… KUHA MO LONG?? o wala kang TV sa inyo dahil nag iipon kapa ng pambili mula sa Parlor na pinagtatrabahuan mo? habang marami pang TV na second hand mula Korea at Japan. marami pang manonood ng GME.. kaso DI SILA ang habol ng Advertisers.. DAHIL wala naman silang pambili… SO ANG ADVERTISERS ANG BUMUBUHAY SA BROADCASTING industries like ABS and ahh UTOUTO broadcatring na GMA LONG? kuha mo long?

  25. im working in middle east…

    kaya humihina ang TFC sa middle East dahil sa daming Free channels na ngayon dito.. kahit yung mga sikat na channels pwede mo ng panoorin ng libre..
    NOW… ORBIT… yes ORBIT not GMA BASURA TV… hahahaha… yan ang dahilan kung bakit yung gusto sana ng TFC e nagpakabit na lang ng ORBIT… not because of GMA BASURA TV… Kuha mo long? o wala kang UTAK! BOBO! punta ka dito, sa UAE… dito Ang Orbit.. pinapaperma ng Exclusive contracts ang mga may ari ng mga Residencial Complex dito.. ALAM MO ba yung Orbit long ? hahaha! hindi of course, wala nyan sa Squatter nyo.. Di ako ma nginyemeng TAWAGING BASURA BOBO SAT UTO UTO at POBRE kayong mga kapwa ko Filipino na Fans ng GMA dahil YUN naman talaga kayo sa NGUSO at ISIP nyo!.. hanggat nagpapauto kayo sa GMA… BABABOYIN ko kayo mga BOGOK kayong mga kanguso.. tagal nyo ng pinag UUTO ng GMA basura!

  26. true blue folk // May 12, 2011 at 10:31 pm //

    ang bobo o, macomment lng… d nagbabasa ng mabuti… hoy mga bobo, wlang kwenta comments byo dito. utang parin pinagdidiinan. sabagay, kahit anong paliwanag sa inyo wla pa rin mangyayari, palibhasa mga bobo. mag aral muna kayo, ok?

  27. Sawsawera // May 12, 2011 at 10:28 pm //

    ABS-CBN Employee says:But please, watch your language because ABS-CBN does not deserve to be badmouthed as well as other companies…

    mga Kapamilya sana marunong kayog umintindi mayroon naman kayo sigurong pinag-aralan ddiba?

  28. HOI.HOI // May 12, 2011 at 10:18 pm //

    haha.. katawa tlaga itong network war.. LOL.. hahaha.. MGa gunggung kaung lahat!!!

  29. 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

    tunog lata kasi at ang Daytime napaka walang kwenta na. Mara Clara nalang ang pinapanood sa TFC.

    bwahahahahahahahahahahahahahahahahahaha!

  30. puro declined at sa dami ng channels nila hindi sila naka 1 billion? kaya pala UTANG ng UTANG.

    bwahahahahahahahahahahahahahahahahaha!

  31. mag-kaano ang kita ng GME FELMS and GEm Reycords? // May 12, 2011 at 10:06 pm //

    blockbuster daw ang GME FELMS and ang GME REYCORDS ay all platinum records… wow!

  32. ABS-CBN ROCKS // May 12, 2011 at 9:48 pm //

    @66 sa tingin q tama ang obserbasyon u…nag-iisang die hard fan ng GMEwww xa na handang gawin ang lahat siraan lamang ang ABS..kawawang flo, utot at corocorona yan certified KAPOPO basurang tunay kung mag-isip!

  33. pag sinabing bobo nasa isip ko ang Kanguso

    pag sinabing matalino of course kapamilya yan!

  34. Hindi maiintindihan ng kanguso! // May 12, 2011 at 9:30 pm //

    kahit anong gawing explanation… di nila maiintindihan yan… bukod sa wala namang pinag aralan ang mga kanguso…, e di nila alam ang kalakaran ng negosyo…. tuyo nga lang di pa nila basta basta nabibili… yan ang katotohanan…

    ayan in plain and simple tagalog… siguro naman may maiiintidihan kayo mga Kanguso!

  35. parang ganito lang yan si flo ay si utot sa tvnetworkwar at siya naman si corocorona sa pex….

  36. mestisa // May 12, 2011 at 9:24 pm //

    Congrats ABS-CBN! You are number 1…
    At mga Kapuso PATUNAYAN nyo ang mga pinagsasabi nyong # 1 kayo! Tangkilikin nyo ang mga gawang movies nang GMA Films para hindi mangamote sa box office! Bumili rin kayo nang mga music cds nang mga singers nang GMA Records kasi kawawa naman kulelat parati sa top ten records sales sa mga record outlets!

  37. ABS-CBN ROCKS // May 12, 2011 at 9:20 pm //

    @ ABS-CBN employee thanks for the time to post here…na aapreciate q po na mayron taga ABS na nagbibigay ng side nila sa mga commento ibinabato dito ng mga KAPOPO..thnx po

  38. Anonymous // May 12, 2011 at 9:02 pm //

    SAKIT SA MATA TO SA INYO MGA KANGUSO.LOL!

  39. Anonymous // May 12, 2011 at 9:00 pm //

    MAGKANO KAYA KINITA NG KANGUSO PARANG LUGI PURO KASI FLOP SA PRIMETIME.LOL!

  40. Anonymous // May 12, 2011 at 8:58 pm //

    HAPI YEPEY YEHEY TAOB MGA KANGUSO HAHAHA!

  41. SPONGEBOB // May 12, 2011 at 8:56 pm //

    TO NO.53! tumpak! pakibasa ng post ng no.53 mga bobong kapuso hahahah

    ngaun sino ang no.1???????????

  42. ABS-CBN Corporation registered P976 million for the first three months of the year ending March 31, 2011. // May 12, 2011 at 8:43 pm //

    3 MONTHS LANG! HAHA! KAPUSO, AABUTIN PA NANG SIYAM-SIYAM! hahaha

  43. GOZON-WELMA walang net income dahil binulsa o pinamili ng SARDINAS? // May 12, 2011 at 8:33 pm //

    congrats kapamilya!IT IS INDEED VERY OBVIOUS WHO REALLY IS NUMBER 1 IN RATINGS, MOST TRUSTED,LOADED OF ADS, RELIABLE & HOME OF THE BIGGEST & BRIGHTEST STARSSS!!

  44. Anonymous // May 12, 2011 at 8:08 pm //

    ako at si guzon ay iisa d na ako anonymous…hehehe

  45. sinungaling talaga ako im sorry abs- cbn…bayad ako ni guzon e..sayang din grocery every week..hehehe..sorry po sa kasinungalingan ko…

  46. bakit utang lng palagi ang sinasabi ni flo? wala na ba syang maisip upang matakpan ang kanilang kasinungalingan at pandaraya sa mga ratings ratings na yan?

  47. mabutiangABSmayprofitkitanamansafilmsnanapr // May 12, 2011 at 7:59 pm //

    mabuti pa ang ABS may pambayad, ang GMA, di na makabayad, kahit DVD records walang bumibili, kahit sine, di na nag hit, kasi puro praise releases lng, empty lng nga naman kahit ang panel home viewers

  48. ABS-CBN Employee // May 12, 2011 at 7:57 pm //

    I am an employee…

    ABS-CBN Corporation is a conglomerate of different companies, please do not compare our operating income to GMA-7’s. It is greatly incomparable.

    As for the debt, our debt-to-asset ratio is very healthy. We needed the financing option because it’s healthy, and a company’s debt is an indication of its capacity to pay and its commitment to expansion through capital expenditures. If you are a good steward of your company, you will consult your CFO to see if a debt will indeed be more advantageous rather than using your own company’s earnings to pay for CAPEX – and usually getting financing options is more rewarding than spending money of your own.

    This is not a household, this is a company we’re running. If a company has visions for expansion, you need to get the trust of banks to finance your expansion. ABS-CBN has great visions for expansion. We are through with basic TV productions. We are now looking for other avenues of growth. We have set the standards and now others are cramming to chase our achievements.

    For the labour dispute, you do not know what happened. There are two sides of every story so we must let the courts decide. The rally happened last time because they heard we were given profit shares that are really lucrative and the laid-off staff cannot accept the fact that ABS rewarded our hardwork amidst the case hearing.

    We are in the service of the Filipino worldwide. There are politics inside the company but you cannot deny the public service we commit for all Filipinos. We are most of the time, if not all the time, the first to help and reach out remote areas. We dont stop helping unless our help is not needed anymore.

    We dont advertise all of the help we extend to our fellowmen.

    All of you are bound to your opinions. But please, watch your language because ABS-CBN does not deserve to be badmouthed as well as other companies.

  49. ChiFan2 // May 12, 2011 at 7:51 pm //

    Basta ako, TFC subscriber dito sa US. I don’t mind paying for the monthly subscription for I know that I get watch quality Filipino shows. I also like the video-on-demand feature to watch shows when I want it. I also use Star Cargo to send balikbayan boxes to Pinas, have Sarimanok One to call friends and family, and purchase music and movies through Starry Starry Store. I’m a loyal paying customer for I know I get what I pay for.

  50. Anonymous // May 12, 2011 at 7:19 pm //

    magbabayad n cguro ang CHAKAMILYUCKS network ng utang nla..my pera n pla cla. dpat lng! ahaha!! ABS-Sabotage in the service of the Filipinos worldwide. hekhek!

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