# ABS-CBN Posts P2.95-Billion Nine-Month Loss as Cable Revenue Falls 41%

> ABS-CBN's net loss widened 32% to P2.95 billion in the first nine months of 2026, as cable revenue plunged 41% and advertising demand stayed weak.

- Published: 2026-11-13T15:57:32+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-13/abs-cbn-nine-month-loss-widens
- Source: [Inquirer](https://business.inquirer.net/620799/abs-cbn-9-mo-losses-widened-to-p2-95b)

## Key takeaways

- ABS-CBN's consolidated net loss reached P2.95 billion from January to September 2026, 32 percent wider than the P2.24-billion loss a year earlier.
- Cable television and broadband revenue plunged 41 percent to P1.55 billion, and the segment's net loss widened to P923 million from P585 million.
- The content production and distribution segment posted a P2.03-billion net loss on P8.96 billion in revenue, wider than the P1.66-billion loss a year earlier.

ABS-CBN Corp. Reported a consolidated net loss of P2.95 billion for the first nine months of 2026, 32 percent wider than the P2.24-billion loss a year earlier, [Inquirer](https://business.inquirer.net/620799/abs-cbn-9-mo-losses-widened-to-p2-95b) reported on November 13. The Philippine media company said weaker advertising demand and a shrinking cable subscriber base drove the result.

## ABS-CBN's Revenue and Segment Losses

Consolidated revenues for January to September reached P10.51 billion. ABS-CBN said global economic and geopolitical developments, the pace of domestic economic growth and subdued consumer and business sentiment weighed on advertising and subscription demand in both segments.

"Global economic and geopolitical developments, the pace of domestic economic growth and subdued consumer and business sentiment weighed on advertising and subscription demand in both segments," the company said in a statement.

The core content production and distribution business generated P8.96 billion in revenues, supported by content licensing, syndication, coproductions and other consumer revenue streams. The segment posted a P2.03-billion net loss, wider than the P1.66-billion loss a year earlier. Excluding election-related advertising revenues in 2025, ABS-CBN said the segment's revenues would have grown by 6 percent.

Cable television and broadband segment revenues plunged 41 percent to P1.55 billion as the subscriber base continued to shrink. Operating costs and expenses fell 24 percent, or P770 million, but the segment's net loss widened to P923 million from P585 million. ABS-CBN also incurred P190 million in nonrecurring expenses related to the winding down of plant assets.

## ABS-CBN's Push for Media Partnerships

In August 2026, ABS-CBN said it was pursuing strategic partnerships with other media entities, including a deepening collaboration with GMA Network for specific content, to rebuild its business following the loss of its broadcast franchise, Inquirer reported. The company's franchise lapsed in 2020, ending free-to-air operations and shifting it to syndication and online distribution, according to a Wikipedia entry dated October 2026.

## ITV and Virgin Media Television Results

ITV reported a 1 percent fall in nine-month revenue, while digital revenue rose 7 percent and streaming hours increased 29 percent, [TradingView](https://www.tradingview.com/news/urn:summary_document_report:quartr.com:3690278:0-itv-digital-growth-continued-but-weaker-advertising-demand-pressured-the-outlook-and-drove-q4-savings/) reported on November 11. Weaker advertising demand lowered total advertising revenue expectations and drove £30 million of temporary fourth-quarter savings.

Virgin Media Television posted a second consecutive year of operating profit last year, though profits fell over 97 percent to €544,000 due to a one-off €15.6 million gain, [The Irish Times](https://www.irishtimes.com/business/2026/11/05/virgin-media-tv-remained-in-profit-last-year-despite-falling-advertising-revenues/) reported on November 5. Excluding that gain, the company swung to a €1.5 million profit, while revenues dropped 3.4 percent to just under €56.3 million, driven by falling spot advertising.

## Companies in this story

- ABS-CBN Corporation · website: https://careers.abs-cbn.com/home

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