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

GMA Network unveils two prime time blockbusters this June for its 75th anniversary

May 13, 2025

Michael Sager and Emilio Daez—Why aren’t they among those being considered to return to the ‘PBB Celebrity Collab Edition’ house?

May 12, 2025

Donny Pangilinan urges Filipinos to vote: ‘Lahat ng voice natin matters’

May 12, 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»Uncategorized»ABS-CBN nets P2.4 billion for 2011
Uncategorized

ABS-CBN nets P2.4 billion for 2011

Mc Richard PaglicawanBy Mc Richard PaglicawanApril 15, 2012No Comments3 Mins Read
Share
Facebook Twitter Reddit Pinterest Email

Quezon City, Philippines (April 13, 2011) – The consolidated net income of ABS-CBN Corporation (“ABS-CBN” or the “Company”) (PSE: ABS, ABSP), the country’s largest multimedia conglomerate, registered P2.4 billion for the full year 2011.

ABS-CBN generated consolidated revenues of P28.2 billion from advertising and consumer sales, a 13% decline compared to 2010. Less the revenues from political advocacies and advertisements in 2010, consolidated revenues for 2011 declined by 4% year-on-year.

ABS-CBN’s advertising revenues reached P17.6 billion, a decline of 19% from a year ago. Minus the revenues from political advocacies and advertisements in 2010, advertising revenues declined by 6% year-on-year. This decrease is attributable to a slowdown in advertising spending by corporates.

Consumer sales for 2011 amounted to P10.6 billion, posting a 1% increase from a year ago. Sky Cable continues to contribute positively with revenues increasing by 10% to P4.3 billion. This is mostly driven by the increased take up of its broadband service subscriptions which increased by 18% year-on-year. However, ABS-CBN Global revenues declined by 8% year on year in peso terms due to the decline in subscribers and the appreciation of the Philippine peso against the US dollar. ABS-CBN Global’s overall viewer count was almost flat compared to the previous year. There was subscriber growth in Canada, Asia-Pacific and Australia, while there were declines in the Middle East, Europe, North America and Japan.

Total operating and other expenses dropped by P1.1 billion or 5% year-on-year to P22.3 billion. This was partly a result of lower cost of sales and services and general and administrative expenses (GAEX) as the company continued its effort to manage and control expenses. The decline in both expense accounts partly offset the increase in total production costs due to the Company’s drive to produce quality and innovative programs.

Net income attributable to shareholders is at P2.4 billion, aided by a gain on sale of Sky Cable Philippine Depositary Receipts (PDRs) to the Singaporean company, STT Communications Ltd. Meanwhile, earnings before interest, taxes, depreciation and amortization (EBITDA) hit P6.8 billion.

Capital expenditure and film and program rights acquisition for the year amounted to P4.2 billion, 14% higher than the level of spending from the previous year. Additional equipment was purchased to increase the company’s capacity to produce additional new programs.

ABS-CBN maintained its national audience share and ratings leadership with prime-time audience share averaging 43% , with a 13 percentage point lead over GMA’s, based on the Kantar National TV Ratings figure.

For the full year 2011, twenty one of the company’s shows were in the Top 20, with the following occupying the Top 18 slots: Emil Cruz Jr.’s Mara Clara, 100 Days to Heaven, PabloS. Gomez’s Mutya, Minsan Lang Kita Iibigin, Ikaw ay Pag-ibig, Budoy, Maalaala Mo Kaya…, Noah, Pilipinas Got Talent (Sun), TV Patrol, Guns and Roses, Pilipinas Got Talent (Sat), My Binondo Girl, Imortal, Rated K Handa Na Ba Kayo?,Junior Master Chef Pinoy Edition (Sat), Wansapanataym, Nasaan Ka Elisa?, and Maria La Del Barrio

ABS-CBN Film Productions, Inc. released sixteen films in 2011. Five of them–Ang Tanging Ina Mo Last Na To, Dalaw, Catch Me I’m in Love, In The Name of Love, No Other Woman and Praybeyt Benjamin–topped P100 million in box office receipts, earning blockbuster status by local standards. No Other Woman, a co-production with Viva Films, grossed P282 million, while Praybeyt Benjamin, also a co-production with Viva, grossed P342 million.




Share

Comments

Consolidated Revenues Net Income Sky Cable Star Cinema
Share. Facebook Twitter Pinterest LinkedIn Reddit Email
Previous ArticleGMA Films releases “The Road” official US trailer
Next Article Robert Downey Jr., Chris Evans, Mark Ruffalo, Chris Hemsworth, Scarlett Johansson, Jeremy Renner and Samuel L. Jackson defend the world in “Marvel’s The Avengers”
Mc Richard Paglicawan
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

LionhearTV has always believed in what the everyday reader can contribute, and has always been open to receiving input, help, or leads on stories.

Related Posts

‘My Love Will Make You Disappear’ earns Php173M worldwide

May 8, 2025

Kathryn Bernardo, Alden Richards named 2024 Box Office Queen and King for ‘Hello, Love, Again’

May 7, 2025

Star Cinema drops first teaser for ‘Only We Know’, starring Charo Santos-Concio and Dingdong Dantes

April 1, 2025

‘My Love Will Make You Disappear’ crosses PHP100M at the Box Office

March 31, 2025
Add A Comment
Leave A Reply Cancel Reply

Find us on Facebook
Blogmeter.Top



Trending

‘Encantadia’ at 20: A Magical Legacy That Endures

May 2, 2025

PBB Celebrity Collab Edition: Instagram Follower Surge Reflects Reality Show’s Star-Making Power

April 28, 2025

Lion With A Heart returns to Pinagbayanan: Year 8 of giving back

April 26, 2025

‘Hello, Love, Again’ becomes SM Prime’s Biggest Film of 2024, boosts ABS-CBN’s Financial Recovery

April 24, 2025

The Unforgettable Forced Evictions That Shook the ‘Pinoy Big Brother’ House

April 22, 2025
Showbiz News

GMA Network unveils two prime time blockbusters this June for its 75th anniversary

May 13, 2025

Michael Sager and Emilio Daez—Why aren’t they among those being considered to return to the ‘PBB Celebrity Collab Edition’ house?

May 12, 2025

Donny Pangilinan urges Filipinos to vote: ‘Lahat ng voice natin matters’

May 12, 2025

Khalil Ramos warns voters after Ballot Shading Error invalidates Party-list vote

May 12, 2025

LOOK: Darren Espanto travels over 6 hours to vote in Nueva Vizcaya

May 12, 2025
Most Viewed

GMA Network unveils two prime time blockbusters this June for its 75th anniversary

May 13, 2025

Michael Sager and Emilio Daez—Why aren’t they among those being considered to return to the ‘PBB Celebrity Collab Edition’ house?

May 12, 2025

Donny Pangilinan urges Filipinos to vote: ‘Lahat ng voice natin matters’

May 12, 2025

Riot Games PH Reveals ROY Roadmap for League of Legends Wild Rift, Brings Back Wild Rounds: Pilipinas Open 2025 with a Boosted 1.5M Prize Pool

May 12, 2025

Mothers’ Day Made Sweeter with foodpanda

May 12, 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.