ABS-CBN Corp., the biggest broadcasting company, on Friday said net income in 2015 rose 26 percent to P2.55 billion from P2.03 billion in 2014.
“We are happy to report that we exceeded our revenue and net income targets for 2015,” Aldrin Cerrado, the company’s chief financial officer, said.
The company’s profit guidance last year was P2.4 billion.
ABS-CBN’s revenues remained strong at P38.278 billion last year, up 14 percent from P33.54 billion in 2014.
The network’s earnings from TV and studio business grew 11 percent last year.
“We received a further boost in revenues after we adopted a new pricing scheme in May of last year—from a fixed cost per spot, to a cost per individual rating point system,” he added.
ABS-CBN maintained its leadership in terms of national total day audience share, which jumped to 43 percent as of December 31, 2015, according to data from Kantar Media.
ABS-CBN Group CFO Ron Valdueza said the company was confident of delivering even stronger results this year.
