BROADCAST company GMA Network (GMA) posted net income after tax of P1.8 billion in the nine months to September 2015, up by almost 80 percent over the same period last year.
Revenues in the nine months stood at P10.3 billion, 16 percent higher than that of last year.
For the third quarter alone, the broadcast media giant reported a net income of P706 million, an increase of 66 percent from a year ago. Revenues for the three-month period improved 17 percent to P3.66 billion.
The company attributed the earnings growth to airtime revenues and sales from international operations, subsidiaries and other revenue stream.
“Our company is in a strong financial position as we continue to dominate the nationwide ratings. We expect to sustain this growth and eventually finish the year on a solid note in terms of our revenues and ratings,” GMA chairman and CEO Atty. Felipe Gozon said.
Asked whether the main driver of the network’s robust performance was the highly popular Kalye Serye noontime show Eat Bulaga which features the wildly popular AlDub love team, GMA executive vice president Felipe Yalong said that the growth is attributed to the increase in advertisers.
“These are all coming from normal advertisers. So, it is really more on the increased spots aired, the commercials aired. The volume increased,” he said.