{"id":94461,"date":"2024-12-02T09:44:09","date_gmt":"2024-12-02T14:44:09","guid":{"rendered":"https:\/\/operawire.com\/?p=94461"},"modified":"2024-11-30T09:45:07","modified_gmt":"2024-11-30T14:45:07","slug":"abao-bilbao-opera-announces-financial-updates-for-2023-24-2024-25-seasons","status":"publish","type":"post","link":"https:\/\/operawire.com\/abao-bilbao-opera-announces-financial-updates-for-2023-24-2024-25-seasons\/","title":{"rendered":"ABAO Bilbao Opera Announces Financial Updates for 2023-24 &#038; 2024-25 Seasons"},"content":{"rendered":"<p>ABAO Bilbao Opera has announced the approval of its budget for the 2024-25 season and the results of the 2023-24 season.<\/p>\n<p>Per an official press release, the General Assembly of the ABAO Bilbao Opera approved, with 99 percent of the votes, the results presented regarding the 2023-24 season. Per the information presented, the company had approximately 7.7 million euros of revenue and estimated expenditures of 7.8 million euros, a deficit of approximately 170,000 euros. The deficit more than 50 percent better than expected and the company is calling the 72nd season an &#8220;artistic and economic success.&#8221;<\/p>\n<p>Regarding the 2024-25 season, 98 percent of the assembly voted for an estimated 8.5 million euros of expenditure with a deficit of about 490,500 euros.<\/p>\n<p>&#8220;We find ourselves in a decisive year for ABAO Bilbao Opera from an economic standpoint,&#8221; said Juan Carlos Matellanes, the president of the Assembly,\u00a0 adding that it was essential to substantially reduce the deficit through public support. &#8220;We have to continue betting on the artistic quality because we are an organization inspired by excellence, that from a private initiative, promotes a cultural and social project that is sustainable.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ABAO Bilbao Opera has announced the approval of its budget for the 2024-25 season and the results of the 2023-24 season. Per an official press release, the General Assembly of the ABAO Bilbao Opera approved, with 99 percent of the votes, the results presented regarding the 2023-24 season. Per the information presented, the company had approximately 7.7 million euros of&nbsp;{&hellip;}<\/p>\n","protected":false},"author":2,"featured_media":46460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7615,4],"tags":[11971],"class_list":["post-94461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","tag-abao-bilbao-opera"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ABAO Bilbao Opera Announces Financial Updates for 2023-24 &amp; 2024-25 Seasons - OperaWire<\/title>\n<meta name=\"description\" content=\"ABAO Bilbao Opera has announced the approval of its budget for the 2024-25 season and the results of the 2023-24 season.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/operawire.com\/abao-bilbao-opera-announces-financial-updates-for-2023-24-2024-25-seasons\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ABAO Bilbao Opera Announces Financial Updates for 2023-24 &amp; 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