ABS-CBN Corp. reported a 60 percent reduction in net losses for the first half of 2025, reflecting improved commercial performance and strategic cost controls, amid stronger election-related advertising. The Lopez-led media company posted a net loss of P852 million for the January–June period, a sharp improvement from P2.13 billion in the same period last year.
Excluding one-off gains, the recurring consolidated net loss improved 71 percent year-on-year, underscoring operational recovery.
Revenue rose 6 percent to P8.28 billion, driven by a 29 percent surge in content production and distribution income, totaling P6.35 billion. Advertising revenue jumped 27 percent to P4.9 billion, boosted by both regular and election-related campaigns, while consumer revenue climbed 34 percent to P2.6 billion, buoyed by film and live events.
Operating expenses dropped 12 percent to P8.94 billion, attributed to ongoing cost control initiatives and reduced administrative and employee expenses.
Sky Cable Inc., however, reported a deeper net loss of P317 million, up 28% from last year, as revenue fell 33% to P1.9 billion due to a declining subscriber base. Nevertheless, Sky’s operating costs were down 35% at P2.25 billion, also due to cost-cutting measures.
The improved financial performance highlights ABS-CBN’s ongoing commercial viability and strategic adjustments, relevant to its long-term franchise positioning.
