{"id":11219,"date":"2025-04-19T05:38:25","date_gmt":"2025-04-19T03:38:25","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=11219"},"modified":"2025-04-19T05:38:25","modified_gmt":"2025-04-19T03:38:25","slug":"gma-network-faces-34-7-drop-in-2024-revenues-amidst-advertising-challenges","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/04\/19\/gma-network-faces-34-7-drop-in-2024-revenues-amidst-advertising-challenges\/","title":{"rendered":"GMA Network Faces 34.7% Drop in 2024 Revenues Amidst Advertising Challenges"},"content":{"rendered":"\n<p><span data-contrast=\"auto\">GMA Network, Inc. experienced a decline in its attributable net profit by 34.7% to P2.07 billion in 2024, primarily attributed to diminished advertising revenues throughout the timeframe.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:255,&quot;335559739&quot;:255}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The firm disclosed aggregate revenues amounting to P17.56 billion, which is a decrease of 5.8% from P18.64 billion in 2023, as outlined in its annual report.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:255,&quot;335559739&quot;:255}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">When analyzing its top-line figures, advertising revenues fell by 5.5% to P16.24 billion in 2024 from P17.18 billion in 2023. In contrast, service sales decreased by 1.7% to P1.12 billion from P1.14 billion, while merchandise sales plummeted by 36.1% to P199.27 million from P311.62 million.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:255,&quot;335559739&quot;:255}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cAdvertising revenues are the cornerstone of the Company, accounting for 92% of its consolidated revenue. This segment experienced a 15% decline compared to the same period last year,\u201d it stated.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:255,&quot;335559739&quot;:255}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">GMA Network mentioned that it is committed to enhancing its footprint across multiple platforms and is dedicated to maintaining the momentum of its online audience, concluding the year with over 28 million subscribers on its YouTube channel.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:255,&quot;335559739&quot;:255}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cAdvertising revenues from this channel kept annual sales in 2024 consistent with the previous year, despite fierce rivalry in this arena,\u201d the company remarked.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:255,&quot;335559739&quot;:255}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">On the other hand, consolidated costs and expenses rose by 1.7% to P14.84 billion from P14.59 billion in 2023.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:255,&quot;335559739&quot;:255}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">At the stock market on Wednesday, the company\u2019s shares finished steady at P6.29 each.<\/span><b><span data-contrast=\"auto\">\u2014 Ashley Erika O. Jose<\/span><\/b><\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bworldonline.com\/corporate\/2025\/04\/16\/666534\/gma-networks-2024-income-down-34-7-on-weaker-ad\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GMA Network, Inc. experienced a decline in its attributable net profit by 34.7% to P2.07 billion in 2024, primarily attributed to diminished advertising revenues throughout the timeframe.\u00a0 The firm disclosed aggregate revenues amounting to P17.56 billion, which is a decrease of 5.8% from P18.64 billion in 2023, as outlined in its annual report.\u00a0 When analyzing<\/p>\n","protected":false},"author":3,"featured_media":11220,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[2162],"class_list":["post-11219","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-return-a-list-of-comma-separated-tags-from-this-title-gma-networks-2024-income-down-34-7-on-weaker-ad"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - 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