ABS-CBN aims for profitability within 18 months, citing revenue growth and cost management

ABS-CBN President Carlo L. Katigbak said during a press briefing on Thursday that the company aims to return to profitability within 18 months, citing cash from the sale of its Quezon City hub and anticipated recovery in advertising revenues.

Katigbak highlighted successful programs like 'Hello, Love, Again,' which grossed over P2 billion, and noted significant growth in digital footprint with 51 million YouTube subscribers, the largest in Southeast Asia.

The company's operating income improved by 40 percent compared to 2023, while net losses declined by 53 percent due to better cost management and revenue growth from content production and distribution.

ABS-CBN is preparing for a future where television is no longer central to the Philippine entertainment industry and aims to compete in a global market with international licensing, film, and music revenues.

The company also expects an extraordinary bump from election-related advertising and plans to consolidate all its operations and studios inside the ELJ Communications Center by July 2026.

With reduced debt levels expected to drop to around P13 billion this year due to property sales, ABS-CBN anticipates lower financing costs and improved cash flow.