Strong advertising revenues propelled revenues and profits of broadcast leader GMA Network (GMA) by double digit growth in the first half the year. Net income reached P1.135 billion, up 12 percent from the P1.014 billion a year earlier.
“The first six months of the year were marked by sustained revenue growth across our major platforms,” said GMA Chairman and CEO Atty. Felipe L. Gozon. “We expect to ride on this momentum as we continue to fortify our programming and strengthen our presence both locally and abroad,” he added.
Net revenues totaled P6.725 billion, up 14 percent from P5.924 billion a year earlier.
Boosted by election spending, airtime revenues grew by 15 percent and drove the top line numbers higher.
Operating expenses posted a 13 percent increase to P5.086 billion, mainly on higher production costs and compounded by non-recurring expenses in mounting the Network’s most comprehensive election coverage for the May 13 mid-term polls. General and administrative expenses (GAEX) also helped widen expenses with the rise in personnel expenditures.
The Network ended the six months to June with an EBITDA (earnings before interests, taxes, depreciation and amortization) of P2.291 billion, reflecting a 19 percent improvement year-on-year.
Flagship Channel 7 grew its advertising revenues by 14 percent, while revenues from the Network’s Regional TV (RTV) operations climbed by a remarkable 60 percent. GMA Dagupan and GMA Cebu remained the largest contributors to RTV with the other regional stations similarly posting significant results.
Radio hiked its earnings by 30 percent, while revenues of leading local news channel GMA News TV rose by 16 percent.
GMA International, the business unit that manages the distribution and operations of the Network’s overseas channels, registered less than 1 percent higher in peso terms in licensing and advertising
revenues. In dollar terms, the unit grew by 4 percent year-on-year.
In April, GMA International fortified its presence in the MENA (Middle East and North Africa) Region after shifting to a new carrier, My-HD — a Dubai-based pay-TV platform — and from various cable distribution outlets in the region.
Flagship international channel GMA Pinoy TV, the first global Filipino lifestyle channel, GMA Life TV, and international news channel GMA News TV International are now widely available in MENA.
The same channels have recently been made available in Palau and Malaysia.
GMA Life TV, which marked its 5th anniversary in May, and GMA News TV International were likewise launched in Singapore and in in Canada through several carriers.
GMA Worldwide, the content acquisition and distribution subsidiary of GMA, sold over 1,438 hours of programs and movies to Vietnam, Cambodia, Brunei, Malaysia, Singapore, Hong Kong, Macau, Indonesia, East Timor, Laos, Mongolia, Myanmar, Thailand, Africa and its adjacent islands in January to June.
Sales of Julie Anne San Jose’s self-titled album by GMA Records remained on an uptrend, earning a 5X Platinum Record Award from its combined physical and digital sales of over 83,000 units from August 15, 2012 to June 17, 2013. An additional 31,000 units were sold from February 27 to June 17this year.
On the other hand, San Jose’s carrier single, “I’ll Be There,” received a 4X Platinum Digital Single Award as it registered over 626,000 downloads from August 15, 2012 to June 17, 2013. The young Kapuso singer-actress was the very first recipient of this award according to the Philippine Association of the Record Industry.
In Urban Luzon, which accounts for 76 percent of total urban TV household population, GMA scored a total day audience share of 34.6 percent — up 3.3 points from ABS-CBN’s 31.3 percent and 21.3 points from TV5’s 13.3 percent.
GMA kept its lead in bailiwick Mega Manila, which represents 59 percent of total urban TV households nationwide, with a 35.9 percent total day audience share or 6.4 points higher than ABS-CBN’s 29.5 percent and 21.6 points more than TV5’s 14.3 percent.
The ratings of GMA News and Public Affairs’ ELEKSYON 2013, the Network’s biggest and widest election coverage by far, bested that of other stations across NUTAM (National Urban Television Audience Measurement), Urban Luzon and Mega Manila.
Regaining its momentum in July, GMA was tied in the No. 1 spot with ABS-CBN in nationwide ratings with both networks posting a 34.4 percent total day audience share based on official data.
The Network sustained its leadership in Urban Luzon and Mega Manila, out-rating rival networks by significant margins.
Meanwhile, GMA News Online emerged as the most viewed website during the election season, breaking its own record as it registered 21 million page views last May 14. The figure generated by GMA News Online was 16 million views higher than ABSCBNNews.com.
As the Network continues to reinforce its online presence, the new and improved GMANetwork.com [www.gmanetwork.com] was launched with enhanced features to make user experience even better.
Visitors can now enjoy a continuous stream of news and entertainment content via the infinite scrolling feature while the site's responsive design auto-adjusts its layout to the user’s preferred device — be it a desktop, laptop, tablet or smartphone.
Content sharing on social networking sites is now faster and more convenient through the "drag-to-share" functionality on the desktop version and through a quick tap of an icon on the mobile version.
The Network also continues to grow its social media community on Facebook, Twitter, Instagram and YouTube.