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Tuesday, November 19, 2013

GMA NETWORK ADMITS POOR RATINGS DRAGGED DOWN EARNINGS IN THE THIRD QUARTER!

GMA Network Inc. is unlikely to achieve its earnings goal for the year due to poor ratings and weak advertising sales.

The broadcasting company said its net income in the third quarter dropped by 38 percent to P353 million from last year's P573 million. Earnings in the first nine months of P1.488 billion likewise were down six percent from P1.59 billion in 2012.



GMA’s third-quarter airtime revenues dropped by 16 percent to P2.69 billion from the previous quarter’s P3.48 billion. The second quarter was the time when most of the election ad spending was poured.

"Right now, we're trying to solve our ratings problem. If we can resolve that we will be able to project a better 2014," Gozon said.

“The last few months will be crucial in achieving our year-end target,” he said.

The company earlier expected that it can post as much as a 10-percent increase in its net income for 2013 due to the midterm elections held in May.

Last year the company registered a 5-percent drop in net income to P1.61 billion despite the influx of early political advertisements. Rival ABS-CBN registered a double digit increase in profits in 2012.

Total revenues for the third quarter, which include subscriptions to its programs from cable operators overseas, reached P3.02 billion, a drop of 13 percent from the previous quarter.

As a result, its net income was down by 6 percent to P1.48 billion from last year’s P1.58 billion, this was despite efforts to control expenses.

During the period, GMA’s flagship Channel 7 grew its revenues by a mere 4 percent. Its Regional TV, the unit that oversees its operations outside of Metro Manila, increased its revenues by 37 percent, while its radio unit’s sales was 9 percent higher.

SOURCE

8 comments:

Anonymous said...

...............buti nga sa GMA kaNGUSO...lugi na yan.. mag sasara na .. hahaha ang mga talents nagsilipat na sa TV %

Anonymous said...

garapal kc c gozon, matakaw sa awards,, ultimo asian tv awards ginapang nia,, dapat nian mgsara na yan,,

Anonymous said...

hahaha.itong mga bobo sa taas evil-cbn ang isa sa mga dahilan kaya pordoy ang pilipinas isama muna c corazon aquino.....evil-cbn buy awards from kbp golden dove, pmpc star awards,...etc..ngayon sure na aangat ang kita ng evil-cbn dahil sa cash donations....sure na...

Anonymous said...

Anonymous said...

hahaha.itong mga bobo sa taas evil-cbn ang isa sa mga dahilan kaya pordoy ang pilipinas isama muna c corazon aquino.....evil-cbn buy awards from kbp golden dove, pmpc star awards,...etc..ngayon sure na aangat ang kita ng evil-cbn dahil sa cash donations....sure na...
November 19, 2013 at 12:30 PM

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truth really hurts, kanguso...look mismong chairman ng gma ang nagsasabing bagsak ang ratings nila kaya hindi nakakapagtaka na bagsak din ang kita...hahahaha

Honesto Galang said...

PURO KASI BLACK PROPAGANDA ANG NALALAMAN NG MGA KAPUSONG MAIITIM ANG BUDHI PURO PANINIRA LALO NA ANG TEAM NI JOEY DELEON EVEN DEMATA TEAM NA BINABAYARAN NG GMA

Honesto Galang said...

pabagsak na talaga GMA babalik na sila sa radyo. hahaha kaya kayo mga KAPUSHIT makinig na lang kayo ng EAT BULAGTA sa radyo ha tas ng Radyoserye baka sabihin na naman ng GMA RADIO STATION talo nila ang DZRH na number 1 am band DZRH naman yung pag diskitahan hahahaha

Anonymous said...

mataas ang ratings namin sa AGB partner namin anuvehhh

Anonymous said...

Puro yabang lang naman ang gma, kagaya ng mga talents nla.. Mga talents na wala naman talent.

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