TeleGeography Logo

Globe Telecom says revenue growth momentum continues; 9M17 turnover reaches record PHP95.1bn

6 Nov 2017

Ayala-led Globe Telecom reported consolidated service revenue of PHP95.14 billion (USD1.86 billion) for the nine months ending 30 September 2017, 6% higher than the PHP89.53 billion reported in the year-ago period, a record high. Nine-month EBITDA reached PHP40.62 billion, up 8% on an annualised basis, and net income climbed 11% year-on-year to PHP12.98 billion from PHP11.72 billion. Core net income, however, dipped 5% to PHP11.21 billion. In a financial filing, the telco noted: ‘the third consecutive quarter of all-time high revenues reflects the robustness of the growing data segment led by mobile and home broadband … enabled by … innovative digital services and content partnerships with iconic global companies, underpinned by the continuous deployment of [Globe’s] leading-edge network technology.’ Mobile revenues generated the lion’s share of the total, up 7% y-o-y to PHP73.11 billion for January-September 2017, fuelled by strong uptake in mobile data. Meanwhile, the operator said its mass market brands (Globe Prepaid and TM), saw growth of 11% and 9% respectively, while its Globe Postpaid brand reported y-o-y growth of 1%. Mobile data contributed 43% of total revenue (PHP31.31 billion) in 9M17, versus 38% (PHP26.06 billion) a year ago as smartphone penetration increased to 70% by end-September. Mobile data traffic, meanwhile, improved 73% y-o-y from 249PB to 430PB.

As at 30 September 2017 Globe had a total subscriber base of 59.331 million mobile users, down 9% from 65.363 million twelve months earlier, attributed in part to a change in the reporting of the company’s pre-paid subscribers. Pre-paid users accounted for 56.858 million at the same date, down 10% y-o-y. Globe Postpaid ARPU was PHP1.176 per month in the period under review, and pre-paid ARPU was PHP113 for Globe Prepaid (8%) and PHP66 for TM (8%). Average monthly churn narrowed to 2.6% from 3.5% in 9M17, although pre-paid churn widened to 7.8% (Globe Prepaid) and 8.5%™. Globe spent around PHP36.8 billion in capital expenditures as of end-September 2017 to support the growing subscriber base and its demand for data. 84% of total capital expenditures for the period was spent on data-related initiatives. To date, Globe has a total of over 24,000 base stations for 4G.

Philippines, Globe Telecom (incl. Innove)

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.