GMA Network ends first nine months with P9.752 billion revenues | GMANetwork.com - Corporate - Articles

"We are hoping to surpass, if not equal, last year's financial performance," declares GMA Chairman and CEO Atty. Felipe L. Gozon. "The last few months will be crucial in achieving our yearend target," he adds.

GMA Network ends first nine months with P9.752 billion revenues

November 18 2013


GMA Network, Inc. (GMA) reported consolidated revenues of P9.752 billion for the first nine months of 2013, up 4 percent from last year.

Airtime sales reached P8.866 billion, surpassing last year's performance by 5 percent on account of improved advertising sales across major revenue platforms.

Operating expenses grew 7 percent to P7.601 billion due to the increase in production costs as a means to constantly diversify and strengthen content, compounded by non-recurring election-related expenses recorded earlier this year. General and administrative expenses, on the other hand, reported flat growth in between periods.

GMA, thus, ended the nine-month period with an EBITDA (expenses before interests, taxes, depreciation and amortization) of P3.138 billion or 3 percent higher than 2012, while net income settled at P1.488 billion, showing a 6 percent decline over a year ago.

"We are hoping to surpass, if not equal, last year's financial performance," declares GMA Chairman and CEO Atty. Felipe L. Gozon. "The last few months will be crucial in achieving our yearend target," he adds.

During the covered period, GMA's flagship Channel 7 grew its top-line by 4 percent, while Regional TV, the business unit that oversees GMA's regional operations, significantly increased its revenues by 37 percent.

The company's radio business likewise sealed the first nine months on a positive note with sales 9 percent higher than the same period last year. GMA News TV, the country's leading local news channel, similarly improved its top line by 14 percent.

Meanwhile, GMA International, the business unit managing the distribution and operations of the network's overseas channels, improved its revenues from licensing and advertising by 3 percent in peso terms.

GMA International is poised to fortify the worldwide presence of its channels in 2014 with the launch of GMA Pinoy TV, GMA Life TV and GMA News TV-International in more carriers across the globe.

GMA Worldwide, Inc., the network's content acquisition and distribution subsidiary, sold over 2,310 hours of locally produced programs to various countries such as Vietnam, Malaysia, Brunei, Singapore, Philippines, California, USA, Nigeria, Uganda, and other African territories.

Julie Anne San Jose's self-titled album by GMA Records continued to make it in the annals of the music industry, earning a seven-time Platinum Record Award from its combined physical and digital sales reaching over 110,000 units for the period August 15, 2012 to August 31, 2013 (with an additional 27,000 units sold from June 18 to August 31, 2013).

San Jose's carrier single "I'll Be There," meanwhile, received a 5-time Platinum Digital Single Award as it earned over 766,000 downloads covering the period August 15, 2012 to August 31, 2013 (with an additional 140,000 downloads from June 18 to August 31, 2013). The young Kapuso singer-actress ins the very first recipient of this award according to the Philippine Association of the Record Industry.

On television, GMA led competition in the viewer-rich areas of Urban Luzon and Mega Manila in the third quarter based on the data from the industry's leading ratings service provider, Nielsen TV Audience Measurement.

Urban Luzon and Mega Manila respectively make up 76 and 59 percent of the total urban television households in the country.

In Urban Luzon, GMA registered a 38.1 percent average total day household audience share, ahead by 7.8 points over ABS-CBN's 30.3 percent and by 26.4 points over TV5's 11.7 percent average.

GMA also scored top ratings in its bailiwick Mega Manila with an average total day household audience share of 39.5 percent, up 11.2 points from ABS-CBN's 28.3 percent and up 27 points from TV5's 12.5 percent.

GMA and TV5 subscribe to Nielsen TV Audience Measurement while ABS-CBN is reportedly the lone local major TV network that subscribes to Kantar Media, formerly known as TNS.

In Mega Manila, Nielsen TV Audience Measurement gathers data based on a sample size of 1,190 homes as compared to Kantar Media's 770 homes. Meanwhile, Nielsen has a nationwide urban sample size of 2,000 homes, which is statistically higher than Kantar's sample size of 1,370.

It is also worthy to note that the network continues to strengthen its nationwide coverage with several transmission upgrades in the pipeline. Through these efforts, GMA will be able to offer its entertainment and news and public affairs programs to more cities and municipalities all over the country.

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