ABS-CBN, a privately owned Filipino entertainment and media company headquartered in the Philippines, was founded in 1953. Operating as a tier 1 media tech buyer, the company employs an estimated 6,000 individuals and reported $379.8M in revenue as of 2023. It specializes in broadcast television and radio.
ABS-CBN Corp. announced on September 15, 2026, it would eliminate approximately 200 jobs, representing 7% of its workforce, as the media company struggles to stem losses six years after the Duterte government refused to renew its franchise. This round of retrenchments aims to strengthen the company's financial footing and support its digital shift, driven by weak advertising and consumer spending. The company confirmed these cuts despite receiving a P2 billion investment, which is part of a P6 billion rescue package. New investors will not take control, and ABS-CBN will remain Lopez-led under its current management, with the fresh capital strengthening finances but not resolving operating challenges. This follows I&C Holdings Corp.'s investment of P1.5 billion into ABS-CBN on September 8, 2026, as part of a planned P3.5 billion investment. I&C reportedly held back P2 billion, citing concerns over existing liabilities.
ABS-CBN offers 2 products in the media and telecoms services industry. ABS-CBN's product portfolio comprises of broadcast television and radio and other media.
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ABS-CBN's revenues were less than $500M in 2023. Caretta Research has split ABS-CBN's revenue into 2 different product categories, the largest of which is linear (thematic channel groups). For full access to ABS-CBN's revenue breakdown subscribe to Caretta Portal.
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