Globe delivered PHP42.0 billion in consolidated gross service revenues in the first three months of 2026, posting a 5 percent year-on-year increase, but net income after taxes (NIAT) declined 20 percent year on year to PHP5.6 billion, while core NIAT (profit a company generates from its primary, everyday business operations) rose 9 percent to PHP4.9 billion.
In its disclosure to the Philippine Stock Exchange, Globe said that its first quarter performance comes amid another challenging macroeconomic backdrop, which the company continues to navigate.
The first quarter performance banked on sustained mobile data demand, continued fiber adoption, and resilient enterprise ICT activity, underscoring the strength of Globe’s core data-driven revenues.
Globe’s expanding digital portfolio anchored overall performance. Data-driven services, spanning mobile internet, fiber broadband, and enterprise solutions now account for 91 percent of consolidated service revenues, up from 87 percent last year.
This highlights the increasing scale and monetization of Globe’s connectivity platforms, supporting a more resilient revenue base. Within the consolidated performance, Globe’s mobile business maintained its lead as the top contributor to revenues, generating PHP30.0 billion in service revenues for the first three months of 2026, up 6 percent year-on-year, with sequential performance reflecting typical post-peak seasonality following a strong fourth quarter. Growth was supported by sustained mobile data usage and steady customer engagement. Network investments continued to support service reliability and subscriber growth, reinforcing Globe’s competitive position.
As of end-March 2026, Globe’s mobile subscriber base reached around 67 million, up 8 percent from a year ago. At a more granular level, mobile data revenues increased 11 percent year-on-year from PHP24.1 billion in the same period last year to PH26.8 billion in the quarter ended March 2026, marking the second-highest quarterly level on record after the peak in 4Q 2025. This uplift was primarily driven by sustained data usage across key digital categories, including video streaming, social media, gaming, and payments, alongside continued 5G adoption across Globe’s customer base.
Mobile data traffic rose 18 percent to 1,810 petabytes from 1,537 petabytes a year ago, while average monthly data consumption per subscriber increased by 12 percent to approximately 16 GB, reflecting sustained usage growth and ongoing 5G migration.
This was further reinforced by Globe’s expanding 5G customer base, which continues to deliver higher value per user versus non-5G subscribers, supported by rising 5G traffic and ATPU, indicating improving monetization as adoption scales. Compared to the fourth quarter, mobile data revenues slightly declined by 1 percent.
As of end-March 2026, Globe’s mobile data user base expanded to over 39 million, up 6 percent year-on-year, bolstered by the continued digital adoption across its customer base. Mobile data now accounts for 89 percent of total mobile service revenues, up from 85 percent in the same period last year, highlighting the growing monetization of data services within the mobile segment.
