Globe delivered ₱42.0 billion in consolidated gross service revenues in the first three months of 2026, posting a 5% year-on-year increase, with a sequential decline compared to the seasonally stronger fourth quarter which was also an all-time high. This comes amid another challenging macroeconomic backdrop, which the Company continues to navigate. Performance banked on sustained mobile data demand, continued fiber adoption, and resilient enterprise ICT activity, underscoring the strength of Globe’s core data-driven revenues.
Globe’s expanding digital portfolio anchored overall performance. Data-driven services, spanning mobile internet, fiber broadband, and enterprise solutions now account for 91% of consolidated service revenues, up from 87% last year. This highlights the increasing scale and monetization of Globe’s connectivity platforms, supporting a more resilient revenue base.
Within the consolidated performance, Globe’s mobile business maintained its lead as the top contributor to revenues, generating ₱30.0 billion in service revenues for the first three months of 2026, up 6% year-on-year, with sequential performance reflecting typical post-peak seasonality following a strong fourth quarter. Growth was supported by sustained mobile data usage and steady customer engagement.
Network investments continued to support service reliability and subscriber growth, reinforcing Globe’s competitive position. As of end-March 2026, Globe’s mobile subscriber base reached around 67 million, up 8% from a year ago.
At a more granular level, mobile data revenues increased 11% year-on-year from ₱24.1 billion in the same period last year to ₱26.8 billion in the quarter ended March 2026, marking the second-highest quarterly level on record after the peak in 4Q 2025. This uplift was primarily driven by sustained data usage across key digital categories, including video streaming, social media, gaming, and payments, alongside continued 5G adoption across Globe’s customer base. Mobile data traffic rose 18% to 1,810 petabytes from 1,537 petabytes a year ago, while average monthly data consumption per subscriber increased by 12% to approximately 16 GB, reflecting sustained usage growth and ongoing 5G migration.
This was further reinforced by Globe’s expanding 5G customer base, which continues to deliver higher value per user versus non-5G subscribers, supported by rising 5G traffic and ATPU, indicating improving monetization as adoption scales. Compared to the fourth quarter, mobile data revenues slightly declined by 1%.
As of end-March 2026, Globe’s mobile data user base expanded to over 39 million, up 6% year-on-year, bolstered by the continued digital adoption across its customer base. Mobile data now accounts for 89% of total mobile service revenues, up from 85% in the same period last year, highlighting the growing monetization of data services within the mobile segment. While mobile data continued to strengthen, traditional voice and SMS services remained on a structural decline, consistent with the broader shift toward app-based communication. Average daily mobile reloads posted year-on-year growth (+6.5%), pointing to stable prepaid engagement and consistent usage patterns. This was further supported by targeted hyper-personalization initiatives, which enhanced reload frequency and customer stickiness.
Globe At Home broadband generated ₱6.2 billion in revenues in the first three months of 2026, up 6% year-on-year and broadly in line with fourth quarter levels, as fiber adoption deepened across the base. Growth was fueled by the expansion of wired services, which offset the gradual tapering of legacy fixed wireless.
GFiber Prepaid (GFP) sustained its momentum into the first quarter of the year, building on the strong base at end-2025, underscoring strong demand for fiber connectivity. As of end-March 2026, GFP subscriber count reached one million, highlighting the growing trust of Filipino households in a flexible, affordable, and reliable home internet. This was further propelled by higher-value reloads, driving continued revenue growth from the prepaid fiber segment.
Fiber remained the dominant component of the Globe At Home portfolio, accounting for approximately 93% of total home broadband revenues, compared to 91% at end-2025 and 90% a year earlier. Total broadband subscribers grew to 2.2 million as of end-March 2026, driven by migration to fiber and sustained household penetration.
Meanwhile, Globe’s corporate data business recorded ₱5.1 billion in revenues for the first three months of 2026, up 6% year-on-year, lifted by robust ICT performance, which increased by 17%. Growth was led by Business Application Solutions, cloud, and cybersecurity services, given sustained demand for higher-value enterprise solutions, and offsetting a 4% decline in core data revenues. However on a sequential basis, corporate data revenues declined by 10%, mostly coming from BAS, core data and cloud solutions, attributed to the typical cyclical nature of corporate ICT spending in the early months of the year. Globe continues to enhance its enterprise capabilities by embedding AI-driven solutions and strengthening its network of digital infrastructure assets, reinforcing its role in enabling business modernization across industries.
Non-telco revenues came in at ₱365 million during the quarter, down by 36% from ₱567 million a year ago. The decline was primarily due to the deconsolidation of the Yondu Group following the completion of Globe’s partnership with NCS, under which Globe retained a 49% stake while NCS assumed majority ownership. Excluding non-telco revenues from Yondu Group last year, non-telco revenues would have decreased by 4%. On a sequential basis, non-telco revenues were lower than the previous quarter’s ₱601 million, due to the same reason cited above.
Globe’s focus on cost management supported stable profitability in the first quarter of 2026. Total operating expenses and subsidy stood at ₱19.8 billion, up 4% year-on-year and down 1% quarter-on-quarter. The quarter’s expense profile benefited from lower marketing spend and reduced repairs and maintenance costs, alongside stable staff expenses. These were partly offset by higher utilities, administrative, and lease-related costs, in line with continued investment in network capacity and infrastructure.
