ABS-CBN Corp. is projecting a return to profitability within the next 18 months, citing substantial debt reduction and a rebound in advertising revenue as key drivers of its financial turnaround.
The media giant’s renewed optimism follows the sale of a three-hectare property in Quezon City to Ayala Land, with proceeds earmarked entirely for prepaying outstanding bank loans. “We are scheduled to turnover the property to Ayala Land by December 2026,” said ABS-CBN President and CEO Carlo L. Katigbak. “All the proceeds from the sale… will be used to reduce our bank loans.”
Following this transaction, Katigbak expects the company’s debt to drop to P13 billion by end-2025—down from a peak of P21 billion in 2020. He emphasized that this financial restructuring, along with an improving advertising environment and growth in digital and international revenue, positions ABS-CBN for a full turnaround by 2025.
“We are already at an optimum level of spending,” Katigbak said. “The advertising market is improving… and we are very enthusiastic about growing our international revenue.”
Election-related advertising is also expected to deliver a near-term boost, while gains from direct-to-consumer platforms and global licensing of film and music content are contributing to a broader recovery. The company’s operating income improved 40 percent year-on-year, while net losses narrowed by 53 percent due to better cost management and stronger content revenue.
Katigbak added that ABS-CBN plans to consolidate all operations within the 1.4-hectare ELJ Communications Center by July 2026, retaining key studio and office facilities as part of a streamlined post-sale footprint.
The developments signal a strategic inflection point for the network, which is seeking to regain its footing in the competitive Philippine media landscape.
