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ABS-CBN trims losses on cost cutting
The Philippine Star
|November 16, 2024
ABS-CBN Corp. slashed its net loss by a fifth by slashing costs in content production and internet delivery.
Based on its financial report, ABS-CBN brought down its net loss by 22 percent to P2.59 billion between January and September from P3.33 billion a year ago.
Revenue dipped by 10 percent to P12.12 billion as content production and distribution grew flat, while cable TV and broadband fell by 25 percent on declining subscriptions.
Denne historien er fra November 16, 2024-utgaven av The Philippine Star.
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