GMA H1-2026 Results: Is Philippine Traditional TV Dying?

GMA Network reported a net income of PHP110 million for the first half of 2026—a steep 94% drop compared to the same period in 2025. This translates to a thin 1.67% net profit margin, a stark departure from the company’s decade-long average of over 10% (see Figure 1). While the broadcast industry frequently faces macroeconomic and technological headwinds, Philippine TV networks have historically proven resilient. However, when the country’s leading network reports near-record-low profitability with risks of slipping into net losses, it signals a structural shift in a once-dominant pillar of Filipino entertainment. (Read more)