ABS-CBN Past Earnings Performance

Past criteria checks 0/6

ABS-CBN's earnings have been declining at an average annual rate of -18.9%, while the Media industry saw earnings growing at 8.6% annually. Revenues have been declining at an average rate of 22.4% per year.

Key information

-18.9%

Earnings growth rate

-17.9%

EPS growth rate

Media Industry Growth	9.4%
Revenue growth rate	-22.4%
Return on equity	-139.0%
Net Margin	-52.7%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How ABS-CBN makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

PSE:ABS Revenue, expenses and earnings (PHP Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
31 Dec 23	18,511	-9,764	5,989	94
30 Sep 23	18,404	-3,830	5,350	154
30 Jun 23	18,510	-3,168	5,701	174
31 Mar 23	18,809	-2,242	6,023	150
31 Dec 22	18,552	-2,464	6,314	178
30 Sep 22	19,393	-3,754	6,363	268
30 Jun 22	19,149	-3,698	6,117	356
31 Mar 22	18,555	-5,076	6,002	365
31 Dec 21	17,825	-5,643	5,698	337
30 Sep 21	17,131	-9,881	7,591	240
30 Jun 21	16,260	-12,907	8,397	153
31 Mar 21	16,704	-14,648	9,585	181
31 Dec 20	21,420	-13,460	10,659	212
30 Sep 20	27,842	-11,243	10,383	348
30 Jun 20	35,350	-7,102	10,802	404
31 Mar 20	41,112	-3,249	10,792	420
31 Dec 19	42,835	-1,629	10,569	426
30 Sep 19	42,668	2,845	10,618	448
30 Jun 19	41,997	2,809	10,497	474
31 Mar 19	41,478	2,510	10,632	471
31 Dec 18	40,131	2,106	10,286	478
30 Sep 18	40,676	2,545	10,800	349
30 Jun 18	40,291	2,725	10,512	290
31 Mar 18	40,132	3,360	9,845	297
31 Dec 17	40,698	3,330	10,269	265
30 Sep 17	39,976	3,195	10,186	338
30 Jun 17	39,984	3,063	10,484	341
31 Mar 17	41,412	3,464	11,544	255
31 Dec 16	41,631	3,881	11,008	353
30 Sep 16	41,683	3,730	11,114	281
30 Jun 16	41,597	3,782	11,269	278
31 Mar 16	39,747	3,099	10,599	343
31 Dec 15	38,278	2,928	10,628	243
30 Sep 15	36,248	2,842	9,661	220
30 Jun 15	34,837	2,638	9,132	257
31 Mar 15	33,679	2,423	8,736	253
31 Dec 14	33,544	2,383	9,116	257
30 Sep 14	33,052	2,087	8,223	334
30 Jun 14	32,578	1,960	8,064	306
31 Mar 14	33,643	2,259	8,229	307
31 Dec 13	33,378	2,142	8,192	303
30 Sep 13	32,576	1,913	8,603	278
30 Jun 13	32,323	1,995	8,262	252

Quality Earnings: ABS is currently unprofitable.

Growing Profit Margin: ABS is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ABS is unprofitable, and losses have increased over the past 5 years at a rate of 18.9% per year.

Accelerating Growth: Unable to compare ABS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ABS is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (1.1%).

Return on Equity

High ROE: ABS has a negative Return on Equity (-139.03%), as it is currently unprofitable.

ABS-CBN Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Full year 2023 earnings released: ₱11.03 loss per share (vs ₱2.89 loss in FY 2022)

Third quarter 2023 earnings released: ₱1.14 loss per share (vs ₱0.44 loss in 3Q 2022)

Second quarter 2023 earnings released: ₱1.10 loss per share (vs ₱0.052 loss in 2Q 2022)

First quarter 2023 earnings released: ₱1.37 loss per share (vs ₱1.69 loss in 1Q 2022)

Full year 2022 earnings: EPS misses analyst expectations

Second quarter 2022 earnings released: ₱0.052 loss per share (vs ₱1.73 loss in 2Q 2021)

Recent updates

New minor risk - Share price stability

Full year 2023 earnings released: ₱11.03 loss per share (vs ₱2.89 loss in FY 2022)

ABS-CBN Corporation, Annual General Meeting, Jun 20, 2024

New major risk - Financial position

Price target decreased by 51% to ₱4.70

Now 21% overvalued after recent price rise

ABS-CBN Corporation Announces Change in Directors

Third quarter 2023 earnings released: ₱1.14 loss per share (vs ₱0.44 loss in 3Q 2022)

Second quarter 2023 earnings released: ₱1.10 loss per share (vs ₱0.052 loss in 2Q 2022)

ABS-CBN Corporation Announces Executive Appointments

First quarter 2023 earnings released: ₱1.37 loss per share (vs ₱1.69 loss in 1Q 2022)

Consensus EPS estimates fall by 272%, revenue upgraded

Full year 2022 earnings: EPS misses analyst expectations

ABS-CBN Corporation Announces Executive Appointment

ABS-CBN Corporation Appoints Mary Anne Francis T. Torres as Head of Integrated News and Current Affairs

ABS-CBN Corporation Announces Executive Resignation

Consensus forecasts updated

Insider recently sold ₱151k worth of stock

Insider recently sold ₱485k worth of stock

Less than half of directors are independent

Head of Integrated Sales recently sold ₱1.3m worth of stock

Director recently sold ₱575k worth of stock

ABS-CBN Corporation (PSE:ABS) cancelled the acquisition of 34.99% stake in TV5 Network Inc. from Mediaquest Holdings Inc.

ABS-CBN Corporation (PSE:ABS) cancelled the acquisition of 34.99% stake in TV5 Network Inc. from Mediaquest Holdings Inc.

Second quarter 2022 earnings released: ₱0.052 loss per share (vs ₱1.73 loss in 2Q 2021)

Cignal Cable Corporation agreed to acquire 38.88% stake in SKY Cable Corporation from ABS-CBN Corporation (PSE:ABS), Sky Vision Corp. and Lopez, Inc. for PHP 2.862 billion.

Cignal Cable Corporation agreed to acquire 33.48% stake in SKY Cable Corporation from ABS-CBN Corporation (PSE:ABS) for PHP 2.465 billion.

ABS-CBN Corporation Announces Executive Changes

Consensus EPS estimates fall by 223%

ABS-CBN Corporation, Annual General Meeting, Jun 25, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Price target increased to ₱17.90

Manuel Villar acquired TV Channel Frequencies of ABS-CBN Corporation (PSE:ABS).

Price target increased to ₱17.90

Consensus forecasts updated

Third quarter 2021 earnings released: ₱0.37 loss per share (vs ₱4.05 loss in 3Q 2020)

Second quarter 2021 earnings released: ₱1.73 loss per share (vs ₱3.84 loss in 2Q 2020)

Consensus revenue estimates fall to ₱20.3b

First quarter 2021 earnings released: ₱2.38 loss per share (vs ₱0.93 loss in 1Q 2020)

New 90-day low: ₱11.42

Greenergy Holdings Incorporated (PSE:GREEN) signed a letter of intent to acquire 51% stake in U-Pay Digital Technologies, Inc. from ABS-CBN Corporation (PSE:ABS) for PHP 54 million.

ABS-CBN Corporation Announces Executive Changes

Head of Global & COO of ABS-CBN Global has left the company

Analysts lower EPS estimates to -₱13.00

Third quarter 2020 earnings released: ₱4.05 loss per share

PLDT Drops Bid to Acquire Sky Cable

Price target lowered to ₱11.60

ABS-CBN Corporation Announces Executive Changes

ABS-CBN Corporation Auditor Raises 'Going Concern' Doubt

ABS-CBN Corporation Announces Layoff of Workers

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
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