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ABS-CBN cuts net loss by 55% in 2024

Summary by Inquirer
MANILA, Philippines – ABS-CBN Corp. slashed its net loss by 55 percent to P4.37 billion in 2024, thanks mainly to lower production cost and other expenses. However, its total topline figure fell by 6 percent to P17.33 billion for the period mainly because of a 25-percent decrease in cable TV and broadband revenues. Advertising revenues,

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ABS-CBN cuts net loss by 55% in 2024

MANILA, Philippines – ABS-CBN Corp. slashed its net loss by 55 percent to P4.37 billion in 2024, thanks mainly to lower production cost and other expenses. However, its total topline figure fell by 6 percent to P17.33 billion for the period mainly because of a 25-percent decrease in cable TV and broadband revenues. Advertising revenues,

·Manila, Philippines
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Inquirer broke the news in Manila, Philippines on Tuesday, April 15, 2025.
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