Globe Telecom demonstrated remarkable business resilience and sharp execution in the first quarter of 2026, delivering solid year-on-year growth despite a challenging macroeconomic climate. Consolidated gross service revenues climbed 5% year-on-year to Php42 billion, fueled by the steady demand for digital and connectivity services.
Data services remained the backbone of Globe's performance, accounting for 91% of total consolidated service revenues. Mobile data was a primary growth engine, surging 11% year-on-year to Php26.8 billion. Data traffic also expanded by 18% to 1,810 petabytes, driven by the heavy consumption of video, social media, gaming, and digital payments.
This Q1 2026 performance stands as Globe’s second-highest quarterly revenue on record, maintaining the momentum from its peak in Q4 2025. It also marks one of the company's strongest starts to a year recently, with broad-based growth across mobile, broadband, and enterprise segments.
The Essential Role of Connectivity
The steady rise in data usage underscores that connectivity is an essential utility, even as consumers tighten their wallets. This growth is rooted in long-term digital adoption rather than temporary consumption spikes, reinforcing the stability of Globe’s revenue.
• Mobile Revenues: Reached Php30 billion (up 6% YoY), lifted by strong data monetization and subscriber growth.
• Home Broadband: Rose 6% to Php6.2 billion, propelled by deeper fiber migration.
• Corporate Data: Increased 6% to Php5.1 billion, led by ICT and cloud solution demands.
Profitability remained robust, with EBITDA rising 7% year-on-year to Php22.2 billion and margins improving to 52.8% due to strict cost controls. Core net income grew 9% year-on-year to Php4.9 billion, highlighting underlying earnings resilience against external economic pressures.
“We are pleased to have sustained our momentum into the first quarter of 2026, delivering resilient topline growth of 5% year-on-year. This was driven by disciplined execution and prudent cost management, alongside sustained demand for data and connectivity,” said Carl Cruz, Globe President and CEO.
Strategic Network Upgrades and Outlook
To navigate global economic uncertainties and volatile energy costs, Globe is prioritizing efficient capital allocation. Capital expenditures for the quarter totaled Php12.7 billion, with 91% dedicated to data infrastructure to ensure nationwide network reliability while protecting free cash flow.
“We are operating with discipline with a war-like stance, focusing on protecting margins, optimizing our capital spend, and ensuring that our customers continue to receive a reliable, high-quality network experience,” Cruz added.
For the rest of 2026, Globe anticipates low-to-mid single-digit revenue growth, remaining mindful of inflation and rising power costs. The Q1 results validate Globe's data-centric strategy, proving that connectivity remains resilient across economic cycles while fueling the nation's digital transition.
For more information, visit www.globe.com.ph.
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