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ABS-CBN’s Net Income Jumps to 25% in 2013

ABS-CBN Corporation, the country’s leading media and entertainment company, reported a 25% increase in its net income for 2013 of PHP2.028 billion, compared to PHP1.618 billion for 2012. The company’s strong performance came on the back of a 15% rise in net revenues of PHP33.4 billion, compared to PHP28.9 billion for the previous year.

ABS-CBN executives Raymund Miranda, Aldrin Cerrado, Ron Valdueza, Rick Tan, and Paz Balayan.

ABS-CBN executives Raymund Miranda, Aldrin Cerrado, Ron Valdueza, Rick Tan, and Paz Balayan.

“Our company’s solid financial performance for 2013 was boosted by our dominance in national ratings which allowed us to capture a bigger share of the advertising spending in the country, election-related spending, and various inititiaves within the company to be more cost-efficient,” said Mr. Aldrin M. Cerrado, the company’s Chief Financial Officer. The company reported that costs and expenses rose 11%, slower than the 15% revenue growth rate for the year.

Total assets rose to PHP57.99 billion from PHP51.3 billion in 2012, while its equity base rose from PHP19.4 billion in 2012 to PHP25.9 billion in 2013.

The company disclosed that it had forged various strategic partnerships in 2013, consistent with its overall plan to bring quality content to its customers through various platforms. The Filipino Channel’s (TFC) agreement with Orbit Showtime Network has allowed ABS-CBN to further broaden its reach to Filipinos in the Middle East, adding around 50,000 customers, while the company’s partnership with the owners of the Mars Ravelo properties will bring the popular local superheros to television sets and theaters in the Philippines and overseas. Skycable continues to dominate the cable TV business with more subscribers than its nearest competitor.

“It has been a busy and productive year, and this year may be even busier,” said CFO Cerrado. “We launched our O Shopping Channel and ABS-CBN Mobile in the fourth quarter of last year.” “These two intiatives are now in full swing, and we are currently working on an educational theme park, KidZania, which will open during the first quarter of 2015.”

According to Kantar Media, the top ten programs in 2013 for free-to-air television were all produced by ABS-CBN. The company hopes to further boost its audience share once it improves the reception of channel 2 in the Mega Manila area and Central Luzon. This should be achieved through ABS-CBN’s transition to digital terrestrial television.

Mr. Rolando P. Valdueza,Head of Corporate Services Group 2 and Group CFO stated “Our performance last year has allowed us to declare a 60 centavo per share cash dividend, payable to shareholders on May 7, 2014.” “I believe our company is on a solid growth path, and I am extremely excited about our prospects for the coming few years.”

Various international brokerage firms, including Deutsche Regis, Credit Lyonnais, and Maybank ATR Kim Eng, have included ABS-CBN in their reseach coverage, and all are positive about the company’s future prospects. ABS-CBN is one of Credit Lyonnais’ top stock picks with a target price of 52 pesos.

25 Comments on ABS-CBN’s Net Income Jumps to 25% in 2013

  1. Congrats!

  2. GMA MAGLABAS NG TUNAY NA DATA PLS. LNG

  3. erik hindi pa kasama dyan ang bride for rent at staring over again. report nila yan for 2013.

  4. cebuanong mestisa // April 11, 2014 at 8:31 pm //

    yan ang abs-cbn…tunay na number 1!
    hindi lang sa ratings pati na rin sa income!
    i am happy to be a Kapamilya!
    congratulations!

  5. “GMA” Net Income Jumps to 60% in 2013”

  6. pambayad utang yan……

  7. cause of bride for rent and starting over again

  8. Tv Patroll // April 11, 2014 at 10:12 am //

    Ang tunay na slogan kasi ng GMA ‘pera ang una’. Syempre natural lang kumita pero at the expense of quality? Kaya nga tumiwalag yan ng KBP kase gusto nila mawala ang 18min ad load limit. Bentahe din ang malinaw na cgnal sa MegaManila. Dahil jan, lumaki ang GMA. Umaarangkada ngayon ang ABS CBN dahil sa quality shows nila na alam natin na pinagkagastusan talaga at nagpayoff naman sa ratings.

  9. nganga mga kapokpok! carmelawlaw at rhodoratx tsugina wahaha…

  10. ABS CBN spends so much in their stars, station ID’s, choose Philippines music video, other gimmick
    expenses that would attract and boost ads.
    GMA > none. no expense, no investment. lahat kita punta bulsa Gozon, Jimenez at Duavit.

  11. Congrats kapamilya .. at magkano naman ang net income ng gma 7 ?

  12. The reasons of abs cbn success:
    1. Too many commercials on tv
    2. Too many in demand artists
    3. Successful movies income
    4. In demand shows all over the world
    5. Many to mention..
    👍🙏👏😄

  13. WHAT NOW?! // April 11, 2014 at 12:56 am //

    HABOL MGA KAPOKPOKS, HABOL PA!

    DOUBLE TIME AGB!

    BWAHAHAHA!!!

  14. ano ngayon mga kapokpoks?! // April 11, 2014 at 12:49 am //

    kaya pala, super hype ang promo ng agb bulok ratings sa carmelaylay at rho-dura x! lols!

  15. funny to note; ngayon ko lang nalaman na title pala ng palabas rhodoraX :) sino ang mga bida dun?

  16. GMA FILMS F L O P

  17. eto, kahit wala sa topic, masaya lang kasing ipagsigawang… GMA FILMS, F L O P!!!

    GMA FILMS F L O P

  18. Network neutral // April 10, 2014 at 10:39 pm //

    Congrats! Continuing doing good and historical shows.

  19. GMA…….

    NGA NGA NGA NGA LANG PAG MAY TIME

    GMA IBENTA NA LUGE NA !
    GMA IBENTA NA LUGE NA !
    GMA IBENTA NA LUGE NA !
    GMA IBENTA NA LUGE NA !
    GMA IBENTA NA LUGE NA !

  20. ABS-CBN KUMIKITA
    GMA IBINEBENTA

    SAN KA NGAYON KAPUPUSUCKS?

    HAHAHAHA!!1

  21. KAMBAL CHAKA // April 10, 2014 at 10:26 pm //

    ANONG TAWAG SA NETWORK NA NAISIPANG IBENTA KASI WALA NG PANG BAYAD SA STARS NILA KASI WALNG TIWALA NA ANG ADVERTISERS?UP?

  22. EBAKCBN PRIMETIME BIYUDA // April 10, 2014 at 10:19 pm //

    good for abscbn para naman makabayad na sila sa sandamakmak na utang nila! hahaha WE LOVE GMA NO MATTER WHAT HAPPENED

  23. KAMBAL CHAKA // April 10, 2014 at 9:52 pm //

    BITTER NA NAMAN SI RHODORA

  24. Mga kapuso….NGANGA!!!

  25. MY BELOVED ABS-CBN, I WILL ALWAYS PRAY FOR YOUR SUCCESS IN EVERY ENDEAVOR YOU TAKE AND THAT YOUR REMARKABLE FINANCIAL PERFORMANCE FOR THE YEAR 2013 WILL BE DUPLICATED IN THE YEARS TO COME. GOD SPEED!

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