GMA Network Inc. said its net income rose by 293 percent in the first quarter of 2025, on the back of higher political advocacies and advertisements.
The network said net income amounted to P801.68 million in the January to March period, up from P204.12 million in the same period last year.
The company recorded consolidated revenues of P4.68 billion, outstripping the P3.65 billion sales during the same period last year.
Advertising revenues remained the lifeblood of the company, comprising over 90 percent of the total revenue pie.
Advertising revenues made a comeback this period, finishing the quarter at P4.33 billion and trumping last year’s recorded sales by 29 percent.
“Television and Radio broadcasting both enjoyed upbeat sales, buoyed by the influx of political advocacies and advertisements in view of the upcoming mid-term elections this May,” GMA said.
