ABS-CBN Corp. opened 2026 with a wider consolidated net loss as weaker advertising revenues and the absence of major entertainment releases weighed on its first-quarter performance.
The company reported a consolidated net loss of P813.30 million in the first three months of 2026, higher than the P499.7 million loss posted in the same period last year.
ABS-CBN’s consolidated revenues declined 21 percent to P3.33 billion from P4.23 billion a year earlier, largely due to softer results from its Content Production and Distribution business.
The segment generated P2.76 billion during the quarter, down 13 percent from the previous year.
The company attributed the revenue drop partly to a high base in the first quarter of 2025, when election-related advertising boosted results. It also cited weaker industry-wide advertising spending and global developments that affected domestic consumer sentiment.
Performance was further dragged by the absence of major events and film releases during the quarter. In contrast, the same period last year benefited from BINI’s sold-out concert at the Philippine Arena and the strong box-office run of Star Cinema’s “My Love Will Make You Disappear.”
Despite the weak start, ABS-CBN expects revenues to improve in the succeeding quarters with the release of Star Cinema’s “Tayo Sa Wakas” in May, the return of Coco Martin to primetime television in June, and the launch of BINI’s world tour following the group’s successful appearance at the Coachella Valley Music and Arts Festival in April.
ABS-CBN also continued efforts to control costs, with operating expenses declining by five percent, or P160 million, during the period.
The company said lower general and administrative expenses and reduced employee costs accounted for P136 million of the savings, helping soften the impact of weaker revenues.