ABS-CBN net loss narrowed to P4.72 billion in 2025

ABS-CBN Corp. narrowed its losses in 2025 as gains from its content and digital businesses, coupled with aggressive cost cuts, helped offset a steep decline in its cable and broadband segment.

In a disclosure on Monday, the company said its reported net loss shrank by 23 percent to P4.72 billion from P6.09 billion a year earlier.

On a recurring basis, net loss retreated by 13 percent, or P588 million.

This improvement was driven largely by its content production and distribution arm, where the recurring net loss narrowed by 11 percent to P2.54 billion. Meanwhile, revenues rose 5 percent to P12.59 billion.

ABS-CBN’s cable and broadband segment also posted a narrower recurring net loss of P1.34 billion. This was down 17 percent year-on-year.

Advertising revenues rose by P421 million, thanks to election spending and primetime programs such as Batang Quiapo, Incognito, Saving Grace and TV Patrol.

Consumer revenues grew 4 percent to P5.46 billion, buoyed by films, music and live events. These include BINI’s world tour across 14 cities in Asia, Europe and North America.

ABS-CBN also cited gains from Star Cinema, which delivered the three highest-grossing Filipino films in 2025. These were led by Call Me Mother with P389 million in global receipts, followed by Meet, Greet and Bye (P305 million) and My Love Will Make You Disappear (P174 million).

Digital operations remained a bright spot as direct-to-consumer revenues hit a record P1.03 billion. Also, direct ad sales climbed 23 percent to a record P842 million.

These gains, however, were partly offset by a 39-percent drop in cable TV and broadband revenues to P3.27 billion. This ultimately pulled consolidated revenues down 9 percent to P15.85 billion.

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Across the group, operating expenses declined 18 percent, or P4.5 billion. ABS-CBN continued to streamline costs even as it expanded concerts and events.

The company has been under financial strain since its broadcast shutdown in 2020 when Congress shot down the renewal of its franchise.

The firm’s finances have also drawn scrutiny amid an ongoing dispute within the Lopez family. These include allegations that a planned P2-billion capital infusion would fund retirement payouts.

ABS-CBN has denied the claim and said it remains confident it can “survive” the latest challenges.