Following the non-renewal of its franchise, Sky Cable discontinued its direct-to-home service in August 2020 and shifted its focus to broadband.
“Despite ABS-CBN Corp.’s franchise not being renewed, the Company continued to explore and pursue strategic business relationships with local and foreign entities to ensure maximum exposure and monetization of its content assets,” ABS-CBN said.
The company has expanded its presence on digital platforms such as YouTube and Facebook following the loss of its broadcast franchise.
Operating costs and expenses for the content production and distribution segment reached P14.3 billion, down 9% year on year, according to its financial statement.
The company said higher expenses from events and concerts were offset by cost-control measures, including lower general and administrative expenses and employee costs.
Expenses for its cable TV and broadband segment totaled P6.15 billion, down 33% year on year, due to cost-control measures and lower service-related costs.
For 2025, ABS-CBN said capital expenditures and program rights acquisition reached P473 million, mainly allocated to content production and distribution at P239 million.
Last year, the company said it expects to return to profitability within 18 months, citing higher advertising revenues and contributions from its digital, film and music operations.
At the local bourse on Monday, ABS-CBN shares fell by six centavos, or 1.84%, to close at P3.20 each. —Ashley Erika O. Jose
