Globe’s mobile business remains strong, achieving revenue growth of ₱80.6 billion as of end-September this year, the company’s second highest nine-month mobile revenues bested only by the 2019 pre-pandemic high.
The revenue improvement came mostly from its prepaid business given the rapid rise of digital adoption among Filipinos. Globe’s overall mobile customer base also expanded to 87.9 million, or 5% higher than in the same period last year.
Total mobile service revenues comprised 68% of Globe’s consolidated service revenues, a 3% year-on-year improvement from the ₱78.4 billion reported in 2021. This was driven mainly by the sustained increase in mobile data.
Mobile data accounted for 78% of total mobile service revenues versus 74% last year. It grew by 8% to reach a record ₱62.5 billion in the first nine months of the year from ₱57.9 billion in the same period in 2021.
Likewise, mobile data traffic jumped to 3,365 petabytes as of end-September 2022, surpassing the 2,730 petabytes reported in the preceding year.
“As the economy opens up and people become more mobile again, we expect this uphill trend to continue. Globe is always on the lookout for innovations relevant to the needs of our customers so they can get the best value out of our offers. We want our products and services to be their partner as they engage, socialize, and experience the world around them,” said Darius Delgado, Head of Globe’s Consumer Mobile Business.
Globe Postpaid is the leading brand in the postpaid market, with various plan offerings. Over the years, these plans have evolved to cater to the changing needs, lifestyles and demands of customers.
On the other hand, Globe Prepaid is focused on the mainstream market while TM caters to the value-conscious segment. Both offer affordable innovative products and services.