ABS-CBN, a privately owned Filipino entertainment and media company headquartered in the Philippines, was founded in 1953. Operating as a tier 1 media tech buyer, the company employs an estimated 6,000 individuals and reported $379.8M in revenue as of 2023. It specializes in broadcast television and radio.
ABS-CBN Corp. is heading into its annual stockholders’ meeting on August 19 with a largely unchanged board slate, adding two nominees while independent director Randolf David and economist Emmanuel de Dios are set to depart. This follows Federico "Piki" Lopez's nomination of family members to the media giant's board, months after his removal, amidst reports of the Lopez family selling its controlling stake in Lopez Inc., potentially concluding a dispute over the business empire. Previously, on July 13, speculation grew regarding a potential rescue for ABS-CBN after Ramon S. Ang attended MediaQuest Holdings chairman Manuel V. Pangilinan’s birthday celebration, suggesting a possible collaboration between the two billionaires. Earlier in July, ABS-CBN Entertainment reached 55 million subscribers on YouTube by July 3, making it Southeast Asia’s most subscribed media and entertainment channel with 76 billion lifetime views. The company also reflected on the permanent impact on its future following the loss of its congressional franchise.
ABS-CBN offers 2 products in the media and telecoms services industry. ABS-CBN's product portfolio comprises of other media and broadcast television and radio.
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ABS-CBN's revenues were less than $500M in 2023. Caretta Research has split ABS-CBN's revenue into 2 different product categories, the largest of which is linear (thematic channel groups). For full access to ABS-CBN's revenue breakdown subscribe to Caretta Portal.
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