Globe Telecom Inc. hauled in P40.7 billion revenues for the third-quarter of this year, driven by its robust performance in mobile and high Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).
EBITDA rose to P20.2 billion from July to September, maintaining a 50% margin that aligns with Globe’s guidance.
“The consistent rise in our consolidated service revenues indicates the strength and flexibility of our business model, even in demanding economic circumstances,” says Globe President and CEO Ernest Cu.
“Our third quarter results demonstrate that our telco business is performing in line with our expectations.”
Globe’s nine-month performance report showed a 3% year-on-year increase in consolidated service revenues, totaling P121.1 billion despite macroeconomic challenges.
The Globe Group’s consolidated EBITDA for the first nine months hit P60.7 billion, another all-time high.
The EBITDA margin stood at 50%, reflecting a disciplined approach to growth and expenditure.
Data revenues remain a stronghold for Globe, accounting for 82% of the top-line revenues, generating P99.6 billion from January to September.
The mobile business grew to P83.2 billion while corporate data business also saw an 8% surge, reaching P13.6 billion, due to a 20% increase in Information and Communications Technology (ICT) services.
“As we continue to navigate the post-pandemic landscape, we remain committed to providing value-driven, quality service to our customers, and we are optimistic about the opportunities ahead,” Cu concluded.
TECHNOLADY 