Digital innovation and connectivity drive resilience amid challenging conditions
Globe Telecom, Inc. reported consolidated gross service revenues of ₱121.7 billion for the first nine months of 2025, slightly lower than the ₱124.0 billion recorded in the same period last year. Despite inflation easing and improved household spending, the company faced a challenging environment brought by strong industry competition and the economic impact of recent typhoons.
However, Globe demonstrated resilience and recovery momentum, posting ₱41.5 billion in revenues for the third quarter — a 3% quarter-on-quarter increase, marking its fastest sequential growth in 13 quarters. This solid rebound highlights the company’s adaptability and continued digital leadership in the evolving telecommunications landscape.
Mobile and Data Lead the Way
Globe’s mobile business remained the main contributor to overall performance, generating ₱86.2 billion in revenues as of end-September 2025. Mobile data revenues surged to an all-time high of ₱74.0 billion, reflecting Filipinos’ growing reliance on apps for messaging, entertainment, and digital transactions.
The company’s mobile subscriber base expanded to 63.1 million, up 5% year-on-year, while mobile data users rose to 37.8 million. Data now accounts for 86% of Globe’s total mobile service revenues, underscoring the country’s deepening digital engagement.
Average mobile data usage remained steady at 15 GB per month, boosted by higher 5G adoption and improved network experience. Globe’s consistent investments in network infrastructure helped sustain this growth, ensuring reliable connectivity for millions of Filipinos nationwide.
Home Broadband Shows Fiber-Driven Growth
Globe’s home broadband segment posted ₱17.8 billion in revenues for the first nine months, with a notable 4% quarter-on-quarter growth in Q3 2025. The shift to fiber connectivity continues to accelerate, with fiber now accounting for 91% of broadband revenues — up from 86% a year earlier.
The GFiber Prepaid (GFP) service, in particular, has been a standout performer, reaching 700,000 subscribers by September 2025 — a 28% jump from the previous quarter. This rapid growth underscores Globe’s success in making high-speed internet more accessible to Filipino homes.
Complementing this, Globe launched the Globe At Home 5G Loop, a first-of-its-kind innovation offering fiber-like speeds with a portable and plug-and-play setup — enabling seamless connectivity both at home and on the go.
Corporate Data and Digital Solutions Rebound
Corporate data revenues reached ₱15.0 billion, a 3% year-on-year decline due to slower enterprise spending. Yet, the third quarter showed a 13% rebound, driven by increased demand for digital transformation solutions such as cybersecurity, IoT, and data center services.
This shift aligns with Globe’s strategy to evolve beyond connectivity, offering technology-driven services that help businesses thrive in a digital-first economy.
GCash and Digital Platforms Strengthen Performance
Globe’s fintech arm Mynt, the parent company of GCash, remained a strong contributor to growth. Globe’s equity share in Mynt rose 52% to ₱5.3 billion, now accounting for a quarter of the company’s total net income before tax.
GCash continues to dominate as the country’s #1 finance super-app, serving millions of users in the Philippines and abroad. With services spanning payments, credit, insurance, investments, and sustainability initiatives like GForest, GCash is reshaping financial inclusion for Filipinos.
Cost Discipline and Strong Financial Standing
Globe’s EBITDA reached ₱64.2 billion, maintaining a strong margin of 52.8% through effective cost management. Operating expenses decreased by 3% year-on-year, driven by lower marketing and staff costs.
While net income stood at ₱17.7 billion, down 14% year-on-year, Globe’s balance sheet remains solid, with total debt at ₱253.5 billion and leverage ratios comfortably within covenant thresholds.
Capital expenditures were trimmed to ₱31.4 billion, a 23% drop from last year, reflecting Globe’s focused investment strategy. About 89% of this spending was directed toward data-related projects, including 1,375 new cell sites, 8,699 upgraded sites, 60,193 fiber lines, and 877 new 5G sites nationwide.
By September 2025, Globe’s 5G coverage reached 98.7% of Metro Manila and 98.3% of major cities across Visayas and Mindanao — ensuring faster and more reliable connectivity for users nationwide.
Driving Digital Inclusion for a Better Philippines
“Our third-quarter results underscore Globe’s consistent performance and ability to create impact beyond connectivity,” said Carl Raymond R. Cruz, Globe Telecom’s President and CEO. “Our mobile and broadband segments continued to grow, while enterprise and fintech platforms strengthened our long-term value creation.”
Cruz emphasized that Globe remains focused on customer experience and innovation, seeing B2B growth as a key driver for future expansion. The company continues to invest in world-class connectivity and technologies that support a digitally empowered and inclusive Philippines.
As the digital landscape evolves, Globe’s sustained focus on innovation, connectivity, and financial inclusion reinforces its role as a nation-building partner. Through its network advancements, fintech leadership, and strategic cost management, Globe continues to connect more Filipinos to opportunities — empowering communities, businesses, and the nation to thrive in the digital age.
