MANILA, Philippines – ABS-CBN Corporation has reported a significant reduction in its financial losses for 2025, marking a pivotal step in its ongoing recovery efforts. The media giant's net loss narrowed to P4.72 billion, a 23% improvement from the P6.09 billion deficit recorded the previous year.
The improvement was largely driven by gains from our content and digital businesses, coupled with aggressive cost-cutting measures," the company stated in a recent disclosure.
A closer look at the financials reveals a recurring net loss that retreated by 13%, or P588 million. This positive shift was primarily fueled by the company's content production and distribution arm, where the recurring net loss decreased by 11% to P2.54 billion, while revenues in this segment grew 5% to P12.59 billion.
The digital frontier proved to be a particularly bright spot. Direct-to-consumer revenues soared to a record P1.03 billion, and direct advertising sales climbed an impressive 23% to a new high of P842 million. Star Cinema, the company's film production unit, contributed significantly by delivering the three highest-grossing Filipino films of 2025, led by "Call Me Mother" with P389 million in global receipts.
Consumer revenues also saw a 4% uptick to P5.46 billion, buoyed by successful music releases, films, and live events. Notably, the popular P-pop girl group BINI's world tour across 14 cities provided a substantial boost.
However, the company continues to face headwinds. Its cable and broadband segment experienced a steep 39% decline in revenues, dropping to P3.27 billion. This downturn ultimately pulled the company's consolidated revenues down by 9% to P15.85 billion for the year.
In response, ABS-CBN has implemented stringent cost-control measures, reducing operating expenses across the group by 18%, or P4.5 billion, even as it expanded its concert and event portfolios.
The financial report comes as ABS-CBN navigates the aftermath of its 2020 broadcast shutdown and ongoing scrutiny related to an internal dispute within the controlling Lopez family. The company has denied allegations regarding its financial management and maintains confidence in its ability to overcome current challenges.