GMA Network, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 01:48 am EST
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GMA Network, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 5,306.75 million compared to PHP 4,808.11 million a year ago. Net income was PHP 1,284.47 million compared to PHP 1,095.04 million a year ago. Basic earnings per share from continuing operations was PHP 0.264 compared to PHP 0.225 a year ago. Diluted earnings per share from continuing operations was PHP 0.264 compared to PHP 0.225 a year ago.
For the nine months, sales was PHP 13,766.48 million compared to PHP 16,751.25 million a year ago. Net income was PHP 2,469.55 million compared to PHP 5,090.25 million a year ago. Basic earnings per share from continuing operations was PHP 0.508 compared to PHP 1.047 a year ago. Diluted earnings per share from continuing operations was PHP 0.508 compared to PHP 1.047 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.
GMA NETWORK, INC. 
