Consolidated revenue fell 17 percent to P6.88 billion in the first half, while net loss widened to P1.83 billion from P852 million, with Cable TV and Broadband accounting for most of the revenue decline.
There were signs of underlying improvement in its core content business.
Its recurring net loss narrowed 1 percent and recurring earnings before interest, taxes, depreciation and amortization, a key profit measure, rose 2 percent after stripping out political advertising and one-off items, despite segment revenue falling 9 percent to P5.76 billion.
BINI part of second-half push
BINI performed at Coachella in April and kicked off its world tour in June.
“The tour runs through the second half, and the rest of the film and live events slate is still to come. Revenues are expected to improve over the balance of the year,” ABS-CBN said in a statement on Monday.
The first-half comparison was tougher because 2025 benefited from election advertising, BINI’s sold-out Philippine Arena concert and the strong performance of “My Love Will Make You Disappear.”
Higher consumer sales and growth in international syndication and co-productions partly cushioned the decline, while consolidated operating expenses fell 5 percent, or P482 million, to P8.46 billion.
Rebuilding amid restructuring
ABS-CBN has been rebuilding around content production and distribution since losing its broadcast franchise in 2020, increasing its reliance on partnerships, international sales, films, music and live entertainment.
The company is also set to receive P6 billion in fresh equity from new investors and existing Lopez shareholders, adding capital as it continues reshaping its post-franchise business.
—Edited by Miguel R. Camus
