Globe revenues hit P67.3 B in 1H

Globe Telecom, Inc. ended the first half of 2018 with consolidated service revenues of P67.3 billion with revenues hitting P33.2 billion in the second quarter, up 3% from prior quarter. Sustained topline performance was due to the continued expansion of the 4G and LTE network, and the growing preference of customers towards content-rich offerings and multimedia applications that enrich the Filipino digital lifestyle.

Mobile revenues reached P51.3 billion for the first six months of the year with mobile data still growing at a steady pace. Globe’s mobile subscriber base totaled 65.1 million as of end-June 2018, up 9% from the 59.7 million subscribers in the same period last year. From a product perspective, mobile data, the top contributor to the Company’s total mobile revenues, now accounts for 48% from 42% a year ago. Mobile data service revenues generated a total of P24.7 billion in the first half of the year as video viewing continues to drive the high mobile data consumption (39% increase from 280 petabytes last year to 390 petabytes this period). Mobile SMS and mobile voice revenues, on the other hand, posted P11.2 billion and P15.3 billion, respectively. On a quarterly basis, mobile service revenues stood at P26.1 billion or up 2% from the prior quarter.

Globe’s home broadband business performed well in the second quarter (+4% vs. prior quarter), bringing its first half revenues to P8.6 billion. This was largely attributed to subscriber expansion in fixed wireless solutions (+40%), coupled with the positive market response to the new and more flexible home broadband bundles and plans. Total home broadband subscriber base now stands at over 1.5 million or 22% higher from a year ago.