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

Slot Machine Announces festival dates in Singapore and South Korea

May 28, 2025

Visa strengthens financial inclusion for Filipino SMEs with innovative payment solutions

May 28, 2025

Tired of Messy Floors and Costly Cleanups? Here’s a Smarter Way to Clean Your Home

May 28, 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»Business and Finance»GMA Network profit surges to 2 billion in Q1 of 2021
Business and Finance News Television

GMA Network profit surges to 2 billion in Q1 of 2021

Ron MiaBy Ron MiaMay 19, 2021No Comments2 Mins Read
Share
Facebook Twitter Reddit Pinterest Email

The Kapuso network’s profit for the 1st quarter of 2021 surged to almost 2 billion pesos amidst the continuing shutdown of its archival ABS-CBN on free TV.

In their latest disclosure, GMA Network reported a big leap in their profit climbing 248% against their 547 million in the same period last year.

The Network’s increase in profit was mainly propelled by the surge in ad placements due to the absence of ABS-CBN and also tax cuts.

Kapuso network’s ad revenue which accounted for 93% of its profit jumped 57% to 5 billion compared to last year’s 1.8 billion. Its total revenues from all its businesses meanwhile increased by 55% to 5.5 billion compared to the same period a year ago.

Aside from its TV business, GMA Network’s profit growth was also contributed by the 90% hike in its radio business, again benefitting from the shutdown of ABS-CBN’s DZMM and MOR.

The Network’s subsidiary GMA News TV’s rebranding to GTV (Good TV) which resulted in a revenue increase of 244% and its regional TV business posting 150% growth were also important factors in the network’s profit surge.

Revenues from their online media platforms also boosted their profit as it managed to post 41% year-over-year growth.

And their digital TV box receiver Affordabox made a sale of 146.9 million from nearly 1.2 million units sold.

Previously, GMA Network also saw a huge increase in their full-year 2020 profit numbers.




For the full year 2020, the network reported a net profit of 6 billion pesos, up by 128% from the previous year.

Comments

GMA Network gma network profit q1 2021 gma network revenue 2021
Share. Facebook Twitter Pinterest LinkedIn Reddit Email
Previous ArticleSky Fiber subscribers get free 6-month access to Airconsole Hero
Next Article Unite and Run to Help End Plastic Waste
Ron Mia
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

A frustrated journalist who finds the realization of that dream through blogging. Writes about politics, entertainment, sports and personal stuffs. The writer behind the blog site NiteWriter.

Related Posts

Bong Revilla Jr. to file Cyber Libel cases over Fake News blamed for 2025 Election loss

May 28, 2025

Cristy Fermin reacts to Vice Ganda’s vlog confrontation with MC Muah: ‘Masyado akong naapektuhan’

May 28, 2025

Angela Ken holds on to love in new single ‘Pwede Bang Mamaya?’

May 28, 2025

Ody Sto. Domingo, Femme Mnl advance to the Grand Finals of ‘Pilipinas Got Talent’ Season 7

May 28, 2025
Add A Comment

Comments are closed.

Find us on Facebook
Blogmeter.Top



Trending

Philippine Showbiz’s Triple Threats: Multi-Hyphenate Queens Shining Bright

May 28, 2025

10 New and Upcoming Philippine TV Shows to Watch Out for in 2025

May 27, 2025

Why ‘Pinoy Big Brother: Celebrity Collab Edition’ Might Be the Franchise’s Finest Season Yet

May 22, 2025

2025 Midterm Elections: An Eye-Opener for Celebrities Entering Politics and Voters

May 20, 2025

Christopher Diwata: From Viral Meme to Heartwarming Hero

May 20, 2025
Showbiz News

Bong Revilla Jr. to file Cyber Libel cases over Fake News blamed for 2025 Election loss

May 28, 2025

Cristy Fermin reacts to Vice Ganda’s vlog confrontation with MC Muah: ‘Masyado akong naapektuhan’

May 28, 2025

Angela Ken holds on to love in new single ‘Pwede Bang Mamaya?’

May 28, 2025

OPM icon Freddie Aguilar dies at 72

May 28, 2025

Philippine Showbiz’s Triple Threats: Multi-Hyphenate Queens Shining Bright

May 28, 2025
Most Viewed

Slot Machine Announces festival dates in Singapore and South Korea

May 28, 2025

Visa strengthens financial inclusion for Filipino SMEs with innovative payment solutions

May 28, 2025

Tired of Messy Floors and Costly Cleanups? Here’s a Smarter Way to Clean Your Home

May 28, 2025

Bong Revilla Jr. to file Cyber Libel cases over Fake News blamed for 2025 Election loss

May 28, 2025

HOPE Launches Generation HOPE with Filipino Brands to Build Classrooms for the Next Generation

May 28, 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.

News Hub
New
Icon
Icon
×
Icon
New
Icon News Hub
Icon News Hub
News Hub Powered by iZooto
You have no new updates. Watch this space to get latest updates.
Unblock notifications to start receiving real time updates. Know More
Link copied to clipboard.