Globe’s P121.7-B Jan.-Sept. revenues driven by growth in data

Globe Telecom reported P121.7 billion in consolidated gross service revenues for the first nine months of 2025, slightly lower than last year’s P124.0 billion, as competition and recent typhoons weighed on performance.

Despite this, the company delivered P41.5 billion in third-quarter revenues, a 3 percent sequential increase and its strongest quarterly momentum in more than three years.

Data services

Data services continued to anchor the business, accounting for 88 percent of total service revenues. Mobile remained the primary contributor at P86.2 billion, with third-quarter mobile revenues rising 1 percent to P29.1 billion.

Mobile data hit a record P74.0 billion for the nine-month period, supported by stable usage and rising 5G adoption. Globe’s mobile base grew 5 percent to 63.1 million.

Home broadband revenues were flat at P17.8 billion, but the fiber business expanded, driven by the rapid growth of GFiber Prepaid, which reached 700,000 subscribers — more than triple last year’s level.

Corporate data revenues eased to P15.0 billion amid softer enterprise spending, although Information Communication Technology services grew 14 percent on stronger demand for cybersecurity, data centers and business applications.

Globe reported P64.2 billion in EBITDA with a margin of 52.8 percent, supported by a 3 percent reduction in operating expenses. Net income stood at P17.7 billion, down 14 percent due to higher depreciation, financing costs, and non-operating charges.

Globe’s equity share in Mynt (GCash) improved to P5.3 billion, making up 25 percent of pre-tax income.