Close Menu
  • Home
  • Ratings
  • Showbiz News
  • Horoscope
  • Tech Jungle
  • BRAND NEWS
  • Movies
  • Music
  • About
    • BE PART OF THE LIONHEARTV FAMILY!
    • THE PRIDE
    • ADVERTISE AT LIONHEARTV
What's Hot

Esnyr Ranollo calls Donny Pangilinan the “most genuine” person in showbiz

August 14, 2025

Filipino-Canadian R&B Sensation RUSSELL! Is Bridging Cultures Through Music On His New Album ‘Mother’s Land’ Out Now

August 14, 2025

Street photography just got faster with vivo X200 FE

August 14, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram YouTube TikTok
LionhearTVLionhearTV
  • Home
  • Ratings
  • Showbiz News
  • Horoscope
  • Tech Jungle
  • BRAND NEWS
  • Movies
  • Music
  • About
    • BE PART OF THE LIONHEARTV FAMILY!
    • THE PRIDE
    • ADVERTISE AT LIONHEARTV
LionhearTVLionhearTV
Home»Breaking News»NETWORK WARS: ABS-CBN and GMA experience net income decline
Breaking News Business and Finance Television

NETWORK WARS: ABS-CBN and GMA experience net income decline

Angela BaltanBy Angela BaltanAugust 24, 2018No Comments2 Mins Read
Share
Facebook Twitter Reddit Pinterest Email
  • Both ABS-CBN Corporation and GMA Network  suffered net income decline.
  • The Kapamilya network’s slow rise of revenue came from their aims to go fully online.
  • The Kapuso network may be expecting early political advertisement placement.

ABS-CBN Corporation and GMA Network experienced double-digit drops in their net income during the first half of 2018. According to information from Entrepreneur.com.ph which Elyssa Lopez researched, this was caused by advertisers channeling their money into other forms of Filipino entertainment.

ABS-CBN Corporation

The Kapamilya network endured a considerable decline as it encountered a 41% drop in net income from Php 1.3- billion in the first half of 2017 to Php 741 million in the same period of this year.

ABS-CBN’s advertising from television and radio airtime lowered by three percent to Php 9.6 billion. This was further provoked by the lower revenues recorded from the movies under ABS-CBN Films.

The Kapamilya network ended the first half of the year with a decline of total revenues from Php 19.34 billion to Php 18.9 billion. The slow rise of revenue came from ABS-CBN Corporation aiming to go fully online to “address the rapid digital preference move of the millennials.”

ABS-CBN Corporation already launched online platforms. The firm’s “digital and interactive media” operations posted a 50-percent increase in revenues for the first half of Pho 390 million.

GMA Network

The Kapuso network, on the other hand, had its net income slide by 21% to Php 1.2 billion from last year’s Php 1.6 billion. In the network’s second quarter financial report, “This year saw a notable contraction in television placements from advertisers, which was felt across the broadcasting industry.”

GMA Network’s revenue from television and radio airtime dropped by seven percent to Php 6.4 billion. They also ended the first half of the year with a six percent decline in total revenues at Php 7.2 billion.

GMA Chairman and CEO Felipe Gozon remains optimistic about GMA performing better for the rest of 2018. The network may also be expecting early political advertisement placement as May 2019 senatorial election looms closer.




“In spite of challenging market conditions, GMA Network was still able to breach the one billion-peso mark in terms of net income for the first half of 2018. We look forward to seeing the rest of the year with better results for our company.”

Comments

ABS-CBN ABS-CBN and GMA experience net income decline ABS-CBN Corporation ABS-CBN Net Income ABS-CBN Revenues GMA Network GMA Network Net income GMA Network Revenues
Share. Facebook Twitter Pinterest LinkedIn Reddit Email
Previous ArticleNUTAM: “Kapag Nahati Ang Puso” and “Sana Dalawa Ang Puso” battle it out in TV ratings
Next Article Bianca Umali clarifies hateful tweet against Kyline Alcantara was from a fake account
Angela Baltan
  • Website
  • Facebook

Related Posts

Shopee launches 2025 Tatak Pinoy MSME training roadshow in Mandaluyong

August 13, 2025

Metrobank kicks off holiday spirit early with #EarlyGIFT challenge and happy holideals promo

August 13, 2025

Triple Win: ‘Encantadia Chronicles: Sang’gre’, ‘Sanggang Dikit FR’, ‘Beauty Empire’ captivate primetime viewers

August 12, 2025

Would a satirical comedy like ‘Abangan ang Susunod Na Kabanata’ still work?

August 12, 2025
Add A Comment

Comments are closed.

Find us on Facebook
Blogmeter.Top



Trending

Would a satirical comedy like ‘Abangan ang Susunod Na Kabanata’ still work?

August 12, 2025

How much has Barbie Forteza’s movie ‘P77’ earned at the box office?

August 11, 2025

Vice Ganda, Regine Velasquez stir buzz with ‘Jetski Holiday’ skit referencing Duterte, ICC

August 10, 2025

Queens in Quartz: GMA Gala 2025’s Best Dressed Women

August 5, 2025

Has the Magic of Sunday Noontime Musical Variety Shows Faded?

August 5, 2025
Showbiz News

Esnyr Ranollo calls Donny Pangilinan the “most genuine” person in showbiz

August 14, 2025

Sabrina M calls out Vice Ganda for bringing up her dark past in concert skit

August 14, 2025

Regine Velasquez defends sister over concert ‘pushing’ allegation

August 14, 2025

‘Konting RESPETO naman po’. Anne Curtis denies viral fake post criticizing Vice Ganda

August 14, 2025

Vice Ganda questions why those who didn’t watch his concert are the most offended

August 14, 2025
Most Viewed

Esnyr Ranollo calls Donny Pangilinan the “most genuine” person in showbiz

August 14, 2025

Filipino-Canadian R&B Sensation RUSSELL! Is Bridging Cultures Through Music On His New Album ‘Mother’s Land’ Out Now

August 14, 2025

Street photography just got faster with vivo X200 FE

August 14, 2025

HUAWEI Stays Undefeated on DXOMARK Ranking as HUAWEI Pura 80 Ultra Scores Highest-Ever 175 Rating

August 14, 2025

Sabrina M calls out Vice Ganda for bringing up her dark past in concert skit

August 14, 2025
eMVP Digital is an online empire that useful pieces of information and a resource for a daily dose of entertainment in all forms. It produces LionhearTV.net, Dailypedia.net, RAWR Awards, RAWRMag, DailyPIPOL, and Broken Lion. These platforms have a highly-engaged audience per month, which varies from ages and sexes.



Blogmeter.Top
© 2025 LionhearTV.net.
  • Home
  • Ratings
  • Showbiz News
  • Horoscope
  • Tech Jungle
  • BRAND NEWS
  • Movies
  • Music
  • About
    • BE PART OF THE LIONHEARTV FAMILY!
    • THE PRIDE
    • ADVERTISE AT LIONHEARTV

Type above and press Enter to search. Press Esc to cancel.