Data contributes 91% of Globe’s total Q1 revenues  

Data continued to anchor Globe’s performance, contributing 91 percent of total consolidated service revenues in the first quarter this year, underscoring the strength and scale of its  core connectivity platforms.

In a report, the telco arm of the Ayala Group said that mobile data remained a key growth driver, with revenues rising 11 percent year-on-year to PHP26.8 billion, while traffic expanded 18 percent to 1,810 petabytes, reflecting sustained usage across video, social media, gaming, and digital payments.

Overall, Globe delivered strong year-on-year growth in the first quarter of 2026 with consolidated gross service revenues reaching PHP42 billion, up 5 percent year-on-year, marking its second-highest quarterly revenue level on record.

Data usage 

The continued expansion of data usage highlights the essential nature of connectivity, even as consumers navigate tighter spending conditions. Growth was driven by structural digital adoption rather than short-term consumption patterns, reinforcing the durability of Globe’s revenue base.

Mobile revenues reached PHP30 billion, up 6 percent year-on-year, supported by strong data monetization and a growing subscriber base. Home broadband revenues rose 6 percent to PHP6.2 billion, driven by deeper fiber adoption, while corporate data revenues increased 6 percent to PHP5.1 billion, led by demand for ICT and cloud-enabled solutions.

Profitability remained stable, with EBITDA growing 7 percent year-on-year to PHP22.2 billion and margins expanding to 52.8 percent, reflecting disciplined cost management alongside sustained topline growth. Core net income rose 9 percent year-on-year to PHP4.9 billion, indicating underlying earnings strength despite external pressures.

“We are pleased to have sustained our momentum into the first quarter of 2026, delivering resilient topline growth of 5 percent year-on-year. This was driven by disciplined execution and prudent cost management, alongside sustained demand for data and connectivity,” said Carl Cruz, Globe President and CEO.

Capital expenditures for the quarter reached PHP12.7 billion, with 91 percent allocated to data-related initiatives, reinforcing Globe’s commitment to delivering a reliable and high-quality network experience nationwide.

“We are operating with discipline with a war-like stance, focusing on protecting margins, optimizing our capital spend, and ensuring that our customers continue to receive a reliable, high-quality network experience. This approach allows us to remain resilient while positioning the business for long-term growth,” Cruz added.