MANILA – Globe Telecom Inc. recorded its highest-ever service revenues of P129 billion in the first nine months of 2026, up 6 percent from P121.7 billion in the same period last year, driven by sustained growth in its mobile, home broadband and corporate data businesses.
In its third-quarter and nine-month financial report, Globe said data-related services accounted for approximately 90 percent of its total gross service revenues, reflecting increasing demand for connectivity and digital solutions.
Mobile service revenues reached a record P91.4 billion, up 6 percent year-on-year, while home broadband revenues increased 6 percent to P18.9 billion. Corporate data revenues also posted a 10-percent increase to a record P16.5 billion.
For the third quarter alone, service revenues rose 1 percent from the previous quarter to P43.6 billion, marking another quarterly high. Mobile and home broadband revenues each increased 2 percent sequentially, partly offsetting a 7-percent decline in corporate data.
Globe’s mobile business remained its biggest revenue contributor, with mobile data generating P81.2 billion during the nine-month period, up 10 percent year-on-year and accounting for 89 percent of total mobile service revenues.
As of end-September, the company had approximately 66.9 million mobile subscribers, including 39.8 million mobile data users.
Mobile data traffic increased to 5,705 petabytes from 4,846 petabytes a year earlier, while average monthly data consumption per subscriber rose to approximately 17 gigabytes from 15 GB.
The company attributed the growth to sustained demand for digital applications, including video streaming, social media, gaming, e-commerce, productivity tools and digital payments.
Globe also cited the continued adoption of 5G technology, noting that 5G subscribers generated average revenue per user 9 percent higher than non-5G subscribers.
Meanwhile, Globe At Home generated P18.9 billion in revenues, up from P17.8 billion in the same period last year. Third-quarter revenues increased 2 percent sequentially to P6.4 billion, extending its quarter-on-quarter growth streak to six consecutive quarters.
Total home broadband subscribers reached approximately 2.5 million as of end-September. Wired broadband subscribers increased 28 percent year-on-year to more than 2.1 million, while fiber subscribers grew 30 percent.
Fiber accounted for approximately 93 percent of total home broadband revenues, compared with 91 percent a year earlier.
Globe’s prepaid fiber service, GFiber Prepaid, also continued to expand, reaching 1.2 million subscribers by the end of September.
For its enterprise business, Globe Business recorded P16.5 billion in corporate data revenues during the first nine months, supported by demand for international data, direct internet and information and communications technology solutions.
The company said it is expanding its capabilities in connectivity, cloud services, cybersecurity, business applications and artificial intelligence to address the changing needs of enterprises.
Despite higher operating expenses, Globe posted record earnings before interest, taxes, depreciation and amortization (EBITDA) of P68 billion, up 6 percent from P64.2 billion in the same period last year.
Its EBITDA margin stood at 52.7 percent, while third-quarter EBITDA increased 2 percent sequentially to P23.2 billion.
However, reported net income after tax (NIAT) declined 7 percent to P16.5 billion from P17.7 billion a year earlier. Globe attributed the decrease mainly to higher depreciation and net interest expenses, as well as non-recurring gains from tower sales and Mynt dilution recorded in 2025.
Core net income stood at P15.5 billion, broadly unchanged year-on-year.
Mynt, the parent company of GCash, contributed 28 percent of Globe’s net income before tax during the nine-month period. Its revenue and net income growth accelerated in the third quarter, supported by increased adoption of its payment solutions and credit technology services.
Mynt also listed on the Philippine Stock Exchange, which Globe described as Southeast Asia’s biggest initial public offering since 2021.
Globe invested P35.8 billion during the period, prioritizing network quality improvements and strengthening its digital capacity. Its total debt stood at P272.1 billion as of end-September.
Moreover, Globe received Five Golden Arrows for the fifth consecutive year and the Institute of Corporate Directors’ first-ever Golden Arrow Hall of Fame Award.
“We are pleased with how the business has performed through the first nine months of the year, particularly as we continue to navigate a challenging operating environment,” Globe President and CEO Carl Raymond R. Cruz said.
Cruz said persistent inflationary pressures and tighter household budgets could affect consumer spending and the company’s performance in the fourth quarter.
However, he expressed optimism that stronger seasonal demand toward year-end could help sustain growth momentum.
The company said its priorities remain delivering better customer experiences, pursuing sustainable growth and generating shareholder returns while supporting the country’s evolving digital needs.
