GMA Network, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
April 10, 2022 at 08:22 pm EDT
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GMA Network, Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was PHP 22,450.32 million compared to PHP 19,335.9 million a year ago. Net income was PHP 7,530.11 million compared to PHP 5,984.58 million a year ago. Basic earnings per share from continuing operations was PHP 1.548 compared to PHP 1.231 a year ago. Diluted earnings per share from continuing operations was PHP 1.548 compared to PHP 1.231 a year ago.
GMA Network, Inc. is a Philippines-based media broadcasting company primarily involved in the business of radio and television broadcasting. The Company is also involved in film production and other information and entertainment-related businesses. Its segments include Television and Radio, International Subscription and Other businesses. The Television and Radio segment is engaged in television and radio broadcasting activities. The International Subscription segment is engaged in subscription arrangements with international cable companies. Its Other businesses segment includes movie production, consumer products and other services. Its subsidiaries include Alta Productions Group, Inc. (Alta), which operates pre and post-production services; GMA Network Films, Inc, which is engaged in film production; GMA New Media, Inc., which is engaged in converging technology, and RGMA Marketing and Productions, Inc., which is engaged in music recording, publishing and video distribution.