GMA Network reported yesterday, May 15, that the network’s consolidated net income after the taxes in the 1st quarter of 2019 increased by 69% (P721.76 million), compared to the same period last year.
The Kapuso network’s consolidated revenues also grew up to P3.8 billion which is 14% higher than last year.
GMA Network’s operating expenses during the 1st quarter reached P2.81 billion, 4% higher than the same period in 2018. One of their major expense in the 1st quarter of 2019 is the upgrade of the GMA News facility and equipments.
GMA Chairman and CEO Felipe Gozon said he is confident that 2019 will be a better year financially for the network due to the elections.
“While the network experienced slight declines in revenues in 2018, I am confident that this year will bring better financial results because of election-related revenues as well as those from our recurring advertising sales,” Gozon said.
GMA is aiming to increase its revenues this year by 12%.
The Kapuso Network, which remained to be the country’s number 1 television station in 2018, still managed to be on top of the ratings competition in Q1 2019.
Based on data from Nielsen TV Audience Measurement, GMA posted an average total day people audience share of 37.4 percent in NUTAM compared to ABS-CBN’s 35.4 percent.
The Network similarly maintained a double-digit advantage both in its bailiwick areas Urban Luzon and Mega Manila during the said period.
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