ABS-CBN posts P3.4B net loss in H1 2021

MANILA - ABS-CBN Corp incurred a net loss of P3.4 billion in the first 6 months of 2021 compared to the P3.9 billion net loss in the same period last year, according to a financial report it filed with the Philippine Stock Exchange on Monday.

Advertising revenues declined by 57.1 percent "attributable to the absence of the company in the free-to-air advertising space following the cease-and-desist order issued by NTC" on May 5, 2020, it said. In June 2020, it launched its Kapamilya Channel on cable TV while its digital streaming channel Kapamilya Online Live launched in August last year."Launching these platforms allowed the Company to generate P1.63 billion in advertising revenues during the 1st half of 2021," ABS-CBN said.

Pandemic

It means may improvement. Baby steps! Makakabawi din kayo come election period, dahil sa mga Election ads. Please lang mag blocktime pa kayo sa iba especially BEAM TV para mas malawak ang reach niyo especially in the Vis-Min areas.

3.9 billion last year loss vs. 3.4 billion this year same quarter. It means may improvement that's 500 million.

ABS-CBN will rise.

Wla yan sa kinita nila for 25yrs

Thank you so much, m_sunshinedizon for supporting the Kapamilya Network even before you transferred to ABSCBN. That's why we love you po! Congrats sa MarryMeMarryYou! Aabangan kita don! 🙂

Net gain cute.😍

Good news BGYO JL TORELIZA DAY BGYO JL DISPOSITION PHOTO BGYOcomeback BGYOtheBaddest BGYO bgyo_ph

Manifestation: 900M net loss in last quarter of 2021

Laban ABSCBN BGYO Rookie and Rising Ppop group from ABS-CBN The largest media network from philippines Wow BGYO JL TORELIZA DAY BGYO JL DISPOSITION PHOTO BGYOcomeback BGYOtheBaddest bgyo_ph

Laban lang poooo

Laban kapamilya ♥️💚💙

I hope makabawi ang ABS-CBN kahit paano itong darating na last quarter

Hoping na ma-break even sya in the coming quarters...

Laban kapamilya. BGYO JL TORELIZA DAY BGYO JL DISPOSITION PHOTO BGYOcomeback BGYOtheBaddest bgyo_ph

Basa sa 2022, lahat ng kampon ni Duterte na pumatay ng prangkisa ng ABS-CBN, huwag natin iboto.

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