NEWS
Cable, Fibre Bleeding ABS-CBN Dry, Core Content Biz Flops in Q1; BINI, Coco Martin & “Tayo Sa Wakas” Light up Q2 for Philippines’ Programmer
18 May 2026
ABS-CBN Corporation reported consolidated first-quarter revenues of ₱3.33 billion (US$56 million), down 21% year-on-year, with its SkyCable cable TV and Sky Fiber broadband business accounting for much of the drop.
The Group’s consolidated net loss for the quarter was ₱813 million (US$13.7 million) – 63% up from the ₱500 million (US$8.4 million) reported in the same quarter in 2025.
The latest results come amid high-profile headline-grabbing corporate drama and bitter clashes among Lopez family factions, leading ABS-CBN management to issue a public request earlier this month that essentially said: “Please Don’t Involve ABS-CBN in a Fight That Is Not Ours”.
Cable revenue for the three months to end March 2026, totaled ₱571 million (US$9.6 million), a 46% decrease from the same period in 2025. Net income for this part of the business plummeted 76% to ₱301 million (US$5 million). The company blamed this on the continued decline in its subscriber base.
The more lively content production and distribution business generated ₱2.76 billion (US$46.6 million) in revenue for the first quarter of 2026, 13% lower than the same period last year. Net loss increased 56% year on year to ₱183 million (US$3.1 million).
This segment includes ABS-CBN Films/Star Cinema and global streaming platform iwant along with talent management and live events.
Advertising revenue took the biggest hit during the quarter. Last year’s first quarter benefited from election-related ad spending, a one-time boost that disappeared this year. Industry-wide advertising expenditure has also contracted, and weakness in consumer sentiment has dampened demand.
The content pipeline was thin. ABS-CBN lacked major theatrical releases or live events in the quarter. Last year, by contrast, had momentum: BINI’s sold-out Philippine Arena concert and the box office success of “My Love Will Make You Disappear” drove stronger numbers.
Management expects relief to arrive in Q...
ABS-CBN Corporation reported consolidated first-quarter revenues of ₱3.33 billion (US$56 million), down 21% year-on-year, with its SkyCable cable TV and Sky Fiber broadband business accounting for much of the drop.
The Group’s consolidated net loss for the quarter was ₱813 million (US$13.7 million) – 63% up from the ₱500 million (US$8.4 million) reported in the same quarter in 2025.
The latest results come amid high-profile headline-grabbing corporate drama and bitter clashes among Lopez family factions, leading ABS-CBN management to issue a public request earlier this month that essentially said: “Please Don’t Involve ABS-CBN in a Fight That Is Not Ours”.
Cable revenue for the three months to end March 2026, totaled ₱571 million (US$9.6 million), a 46% decrease from the same period in 2025. Net income for this part of the business plummeted 76% to ₱301 million (US$5 million). The company blamed this on the continued decline in its subscriber base.
The more lively content production and distribution business generated ₱2.76 billion (US$46.6 million) in revenue for the first quarter of 2026, 13% lower than the same period last year. Net loss increased 56% year on year to ₱183 million (US$3.1 million).
This segment includes ABS-CBN Films/Star Cinema and global streaming platform iwant along with talent management and live events.
Advertising revenue took the biggest hit during the quarter. Last year’s first quarter benefited from election-related ad spending, a one-time boost that disappeared this year. Industry-wide advertising expenditure has also contracted, and weakness in consumer sentiment has dampened demand.
The content pipeline was thin. ABS-CBN lacked major theatrical releases or live events in the quarter. Last year, by contrast, had momentum: BINI’s sold-out Philippine Arena concert and the box office success of “My Love Will Make You Disappear” drove stronger numbers.
Management expects relief to arrive in Q2. For one, Coco Martin’s return to primetime is slated for June. Star Cinema’s “Tayo Sa Wakas” from Cathy Garcia Sampana hits theaters on 27 May. BINI’s world tour launches in June, riding the wave of their Coachella performance in April.
“Revenues for the balance of year are expected to improve significantly,” the company said in its filing.
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