The Globe Group closed the first nine months of 2023 with all-time high consolidated service revenues amounting to ₱121.1 billion, up a robust 3% from a year ago, despite the extended macroeconomic headwinds faced by the industry. In a disclosure to the Philippine Stock Exchange, Globe said that the performance was mainly fueled by the strong contributions from its mobile, corporate data and non-telco services, which fully offset the anticipated decline in home broadband. Globe’s non-telco services, posting an impressive 44% yearly growth now accounts for 3.4% of its total consolidated service revenues from 2.4% last year. Additionally, total data revenues for the nine months period ending September 30, 2023 stood at ₱99.6 billion, representing 82% revenue contribution to Globe’s topline from 81% in the year earlier. Mobile business revenues posted a record ₱83.2 billion as of end-September 2023, up 3% versus the ₱80.6 billion reported in the same period last year. The stronger revenue performance of the prepaid brands is a testament to the relevance of the Company’s data-centric value for money offers, which allows their customers to enjoy world-class network quality and service despite the continued inflationary pressures. Meanwhile, the total mobile revenues comprised 69% of the total consolidated service revenues, with the total mobile customer base (post SIM registration) ending at 54.7 million for the first nine months of the year. From a product standpoint, mobile data revenues reported ₱67.0 billion for the nine-month period this year a 7% hike from the ₱62.5 billion a year ago. Mobile data traffic soared to 4,360 petabytes as of end-September of 2023, from 3,365 petabytes reported in the same period of 2022, driven by the continued consumption of high-bandwidth online videos and social media content over smartphones. Mobile data now accounts for 81% of mobile revenues from 78% last year. Conversely, traditional mobile voice and SMS revenues ended at ₱10.2 billion and ₱6.0 billion, lower year-on-year by 11% and 10%, respectively.