ABS-CBN cuts net losses by 53%, GMA profits drop 34.7% due to advertising decline
ABS-CBN reduced its net losses by 53% in 2024, while GMA Network Inc. reported a decline in profits due to decreased advertising revenues.
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ABS-CBN
ABS-CBN is a major Philippine media company that has significantly reduced its net losses in recent years through cost-cutting measures and diversified business strategies. The company recently revisited the 2010 election song 'Ako ang Simula' for the 2025 midterm elections, featuring new artists to inspire political engagement among young Filipinos. ABS-CBN continues to produce popular content like the action series 'Incognito,' which stars Richard Gutierrez and Maris Racal, and has won recognition in FinanceAsia's Best Companies Poll.
This is an AI-generated summary based on recent coverage.
Last updated at April 25, 2025.
Recent stories about ABS-CBN
ABS-CBN cuts net loss by over half in 2024
ABS-CBN Corp. significantly reduced its net loss by over half to P4.37 billion in 2024, despite lower revenues and production costs.
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Pasig City candidate apologizes for sexist joke
Ian Sia, a Pasig City congressional candidate, issued a public apology on Friday for making an off-color joke about single mothers during a campaign rally two days prior.
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AC Bonifacio addresses criticism from 'Pinoy Big Brother'
Kapamilya artist AC Bonifacio has responded to online criticism she faced after her stint in 'Pinoy Big Brother: Celebrity Collab Edition', stating that she views it as constructive criticism.
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TNT beats Ginebra in highly rated PBA final
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ABS-CBN's 'BINI Chapter 1' shortlisted for New York Festivals Awards
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Ivana Alawi exits 'Pinoy Big Brother' after one week
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Star Magic signs Esang, James Philippe, Jarlo Base, Diego Gutierrez
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ABS-CBN hosts annual ball on April 4 to support foundation advocacies
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ALI to develop part of ABS-CBN HQ for P6.2B
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