ABS-CBN Corp. aims for cash flow positivity by year-end, driven by streaming, movies, and TV content.
ABS-CBN Corp., a leading Philippine media and entertainment company, targets cash flow positivity by year-end, driven by content delivery for streaming, movies, and TV. Despite Q1 operating income decline, recurring revenues improved from P10.7Bn to P11.3Bn in 2023. The company is working on plans to improve subsidiary Sky Cable's viability and explore opportunities to better serve subscribers, employees, and stakeholders.
June 20, 2024
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