GMA NETWORK, INC.

3rd Quarter 2011 Results

11/10/11

RATINGS UPDATE

Channel! Jul! Aug! Sep! Oct*! Nov*!

GMA! 16.2! 16.9! 16.1! 16.6! 17.9!ABS! 10.7! 10.6! 10.3! 9.7! 9.7!

TV5! 7.3! 7.6! 8.1! 7.8! 7.6!

Based on Total Day (6am -12mn)- Households in TV Homes Source: Nielsen Phils TAM (Arianna)Oct 30-Nov 7 based on overnightsNumber of viewers were computed using the rating point equivalent per Household (52,470 for Mega) multiplied by an estimated 5 viewers per Household

Household Ratings

Audience Shares

GMA leads ABS by 8.2 points and TV5 by 10.3 points

Dominance in Mega Manila

Channel! Jul! Aug! Sep! Oct*! Nov*!

GMA! 38.5! 39.5! 38.0! 39.8! 41.3!ABS! 25.4! 24.8! 24.3! 23.2! 22.4!

TV5! 17.3! 17.8! 19.1! 18.8! 17.5!

GMA leads ABS by 18.9 points and TV5 by 23.8 points

Mega Manila accounts for 58% of all Urban TV Households

Based on an estimated 5 viewers per Household, GMA’s lead is equivalent to almost 2.2M viewers over ABS and over 2.7M viewers against TV5

RATINGS UPDATE

Channel! Jul! Aug! Sep! Oct*! Nov*!

GMA! 15.6! 16.2! 15.5! 15.8! 17.3!ABS! 10.9! 10.9! 10.6! 10.2! 10.2!

TV5! 6.9! 7.1! 7.6! 7.2! 7.1!

Household Ratings

Audience Shares

Continued Leadership in Urban Luzon

Channel! Jul! Aug! Sep! Oct*! Nov*!

GMA! 37.9! 38.8! 37.5! 38.9! 40.6!ABS! 26.6! 26.1! 25.6! 25.0 ! 24.0!

TV5! 16.7! 17.1! 18.4! 17.8! 16.6!

GMA leads ABS by 7.1 points and TV5 by 10.2 points

GMA leads ABS by 16.6 points and TV5 by 24.0 points

Urban Luzon accounts for 77% of all Urban TV Households

Based on an estimated 5 viewers per Household, GMA’s lead is equivalent to almost 2.5 M viewers over ABS and close to 3.6 M viewers against TV5

Based on Total Day (6am -12mn)- Households in TV Homes Source: Nielsen Phils TAM (Arianna)Oct 30- Nov 7 based on overnightsNumber of viewers were computed using the rating point equivalent per Household (69,700 for Luzon) multiplied by an estimated 5 viewers per Household

RATINGS UPDATE

Channel! Jul! Aug! Sep! Oct*! Nov*!

GMA! 14.0! 14.5! 14.1! 14.3! 15.5!ABS! 12.9! 12.8! 12.4! 12.0! 11.9!

TV5! 6.3! 6.7! 7.1! 6.8! 6.7!

NUTAM TV Households

Household Ratings

Audience Shares

Increasing its lead NATIONWIDE

Channel! Jul! Aug! Sep! Oct*! Nov*!

GMA! 34.2! 35.0! 34.1! 35.3! 36.8!ABS! 31.4! 30.8! 30.0! 29.5! 28.3!

TV5! 15.4! 16.1! 17.3! 16.8! 15.9!

GMA leads ABS by 3.6 point and TV5 by 8.8 points

GMA leads ABS by 8.5 points and TV5 by 20.9 points

Based on an estimated 5 viewers per Household, GMA’s lead is equivalent to over 1.6 M viewers versus ABS and almost 4.0 M viewers against TV5

Based on Total Day (6am -12mn)- Households in TV Homes Source: Nielsen Phils TAM (Arianna)Oct 30-Nov 7 based on overnightsNumber of viewers were computed using the rating point equivalent per Household (90,890 for NUTAM) multiplied by an estimated 5 viewers per Household

Jul‐Sep 2011 

Jul‐Sep 2010 

Diff (2011‐2010) 

in mins.  % inc/dec 

Total  83,121  82,114  1,007  1.2 

   GMA  23,320  21,800  1,520  7.0 

GMA (Less Eat Bulaga)  20,122  18,391  1,731  9.4   

   ABS‐CBN  23,827  28,054  (4,227)  (15.1) 

ABS (Less Mon‐Sat Noon@me shows)  22,248  24,097  (1,849)   (7.7) 

GNTV/ QTV*  3,112  5,932  (2,820)  (47.5) 

TV 5  5,499  3,535  1,964   55.6 

   Studio 23  5,237  6,011  (774)  (12.9) 

Source: Nielsen Phils (Adquest)

Ad minutes

 Total represents the combined loading of Nielsen-monitored FTA channels (ABS, GMA, GNTV/QTV, TV 5, ETC (RPN)/SOLAR TV, Studio 23, TALK TV/SBN (ETC), RJTV 2nd Ave, NBN and IBC)

* QTV was re-launched as GMA NEWS TV (GNTV) on Feb 28, 2011 with a different program line-up • NOTE: Commercial minutes do not include 5 secs, gov’t ads (except political ads), network text-in promos, portion buys, station plugs and

entertainment related ads (i.e., movies, concerts, tours and stage performance) as classified by The Nielsen Company Phils.

Jan‐Sep 2011 

Jan‐Sep 2010 

Diff (2011‐2010) 

in mins.  % inc/dec 

Total  243,369  243,723  (355)  (0.1) Total (Less Poli@cal Ads and Pseudo‐pol ads in 2010)  243,369  230,807  12,562  5.4 

   GMA  69,368  64,137  5,231  8.2 

GMA (Less EB/Boxing Special and Poli@cal Ads in 2010)  59,826  50,568  9,258  18.3 

   ABS‐CBN  72,904  76,333  (3,428)  (4.5) 

ABS (Less Mon‐Sat Noon@me shows and Pol Ads in 2010)  66,739  59,862  6,878  11.5 

GNTV/ QTV*  9,403  20,980  (11,578)  (55.2) 

TV 5  17,562  7,543  10,019  132.8 

   Studio 23  13,489  10,418  3,072  29.5 

Source: Nielsen Phils (Adquest)

Ad minutes

 Total represents the combined loading of Nielsen-monitored FTA channels (ABS, GMA, GNTV/QTV, TV 5, ETC (RPN)/SOLAR TV, Studio 23, TALK TV/SBN (ETC), RJTV 2nd Ave, NBN and IBC)

* QTV was re-launched as GMA NEWS TV (GNTV) on Feb 28, 2011 with a different program line-up • NOTE: Commercial minutes do not include 5 secs, gov’t ads (except political ads), network text-in promos, portion buys, station plugs and

entertainment related ads (i.e., movies, concerts, tours and stage performance) as classified by The Nielsen Company Phils.

Building a Global Brand ...

Almost 285 thousand subscriptions as of 3rd Quarter 2011 with an estimated 2M viewers

More than 120 thousand subscriptions as of 3rd Quarter 2011 with an estimated 1M viewers

8% YoY 2% YoY

International Pay TV Channels …

Program Syndication and Licensing …

Launched GMA News TV in Australia, Guam, Japan and Papua New Guinea and soon in Malaysia

Kiku TV– Sold Free and Pay TV rights of Kaputol ng Isang Awit for telecast in Hawaii

Crown Era – Sold Free,Pay TV and New Media rights of Ngayon at Kailanman, for telecast in China & Taiwan

Star TV - Sold Free Pay TV rights of Ang

Babaeng Hinugot sa Aking Tadyang and Una Kang Naging Akin for telecast inTanzania

Suraya Filem Productions – Sold Free and Pay TV rights of Sundo, Working Girls, One True Love, Panday and In your Eyes for telecast in

Malaysia and Brunei

 CCD Africa - Sold Free TV rights of Kung Mahawi Man ang Ulap and Muli for telecast in Kenya

Fox International Channels - Sold Pay TV

and New Media rights of various Films and TV Series for telecast in the Philippines

On Board International - Sold InFlight rights of Tween Adademy: Class of 2012 and Love Bug: Wich Come True for Saudia Airlines

The Philippines # 1 News Channel

Consolidated Financial Report For the 9 Months Ended September 30, 2011 

CONSOLIDATED GROSS REVENUES For the Quarters Ended September 30, 2011 and 2010

(In Millions PhP)

* Revenues from regular advertising, subscriptions and others improved 2% vs. Q3 2010

Recurring revenues

Airtime revenues +2%

Subscription and others +6%

AIRTIME REVENUES For the Quarters Ended September 30, 2011 and 2010

(In Millions PhP)

Q3’11 Q3’10 Inc (Dec)

TV

Channel 7/RTV 2,908 2,838 3%

Channel 11 (GNTV/QTV) 62 94 (34%)

Radio 125 106 18%

Total 3,094 3,038 2%

* Airtime revenues up 2%.

SUBSCRIPTION AND OTHER REVENUES For the Quarters Ended September 30, 2011 and 2010

(In Millions PhP)

Q3’11 Q3’10 Inc (Dec)

International 249 236 6%

Subsidiaries and others 40 37 9%

Total 290 273 6%

* Revenues from international operations up 6%

CONSOLIDATED GROSS REVENUES For the 9 Months Ended September 30, 2011 and 2010

(In Millions PhP)

Pol ads

* Revenues from regular advertising, subscriptions and others increased by 15% vs. 9M 2010

Recurring revenues Total revenues

-7%

Airtime revenues +16%

Subscription and others +2%

AIRTIME REVENUES For the 9 Months Ended September 30, 2011 and 2010

(In Millions PhP)

9M’11 9M’10 Inc (Dec)

TV

Channel 7/RTV 8,782 7,370 19%

Channel 11 (GNTV/QTV) 164 328 (50%)

Radio 307 288 7%

9,253 7,986 16%

Add: Non-recurring pol ads – 2,054 – Total 9,253 10,040 (8%)

* Airtime revenues up 16% from regular advertisers. Ch-7/RTV airtime revenues up by 19% sans political ads of P1.881B in 9M 2010. Radio up 7% minus pol ads of P155M.

SUBSCRIPTION AND OTHER REVENUES For the 9 Months Ended September 30, 2011 and 2010

(In Millions PhP)

9M’11 9M’10 Inc (Dec)

International 719 699 3%

Subsidiaries and others 137 137 0%

Total 856 836 2%

* Revenues from international operations up 3%. In dollar terms, however, a 6% growth was recorded.

CONSOLIDATED OPERATING EXPENSES For the 9 Months Ended September 30, 2011 and 2010

(In Millions PhP)

56%56%

Production costs +5%

GAEX +6%

* Total OPEX of P6.530 billion increased by 6% vs. 9M’10

IN HOUSE PROGRAMS’ AIRING TIME DURATION� (In Hours)

H O

U R

S

JAN FEB MAR APR MAY JUN JUL AUG SEP TOTAL

2011 361.5 342.5 366.5 380.0 428.0 431.5 398.9 413.7 381.2 3,503.7

2010 357.5 357.0 389.5 355.5 406.0 392.5 390.5 392.0 405.0 3,445.5

FINANCIAL HIGHLIGHTS For the 9 Months Ended September 30, 2011 and 2010

(In Millions PhP)

Revenues -7%

Expenses +6%

EBITDA -28%

Net Income -30%

EBITDA and Net Income were down 28% and 30%, respectively

INCOME STATEMENT Quarterly Performance

Y2007 Y2008 Y2009 Y2011Y2010

3138

3587

1989

2354

534 521 525

2187

3384

CAPITAL EXPENDITURES (In Millions PhP)

projected

Q3

857

Q3

717

FINANCIAL RATIOS For the 9 Months Ended September 30, 2011 and 2010

CONSOLIDATED BALANCE SHEETS (In Millions PhP)

Thank you!

Kapuso ng pamilyang Pilipino, anumang kulay ng buhay.

Cover mats3Q 2011 IAPB