Globe posted a healthy 8% rise in mobile revenues for the first quarter of 2024, reaching P29.1 billion, compared to P27.1 billion in the same period last year largely driven by mobile data usage.  

The growth in mobile spurs optimism in the sector despite challenging economic conditions impacting consumer spending.

The company’s mobile business represented 71% of total consolidated gross service revenues versus 68% a year ago, underscoring Globe’s effective monetization efforts coupled with market repair given the absence of price wars with competition. 

Customers continue to choose Globe for its differentiated network quality and service. Globe’s subscriber base stood at 58.8 million as of end-March 2024.

Mobile data was a significant driver of mobile revenues, with its contribution rising by 10% to Php 23.8 billion from Php 21.7 billion. Mobile data constituted 82% of total mobile revenues, up from 80% the previous year.

Darius Delgado, Head of Globe’s Consumer Mobile Business, cited the stability of Globe’s active loader base as a reflection of business performance.