Globe reported consolidated gross service revenues of ₱42 billion in the first quarter of 2026, up 5% from a year earlier, as demand for mobile data, broadband, and digital services continued to grow despite economic pressures.
According to Globe, data now accounts for 91% of total consolidated service revenues, showing how connectivity services remain important to both consumer and enterprise spending.
“We are pleased to have sustained our momentum into the first quarter of 2026, delivering resilient topline growth of 5% year on year,” said Carl Cruz, President and CEO, Globe. “This was driven by disciplined execution and prudent cost management, alongside sustained demand for data and connectivity.”
Mobile data revenues grew 11% year on year to ₱26.8 billion, while data traffic increased 18% to 1,810 petabytes as Filipinos spent more time on video streaming, social media, gaming, and digital payments.
Total mobile revenues reached ₱30 billion, up 6%, while home broadband revenues climbed 6% to ₱6.2 billion because of stronger fiber adoption. Corporate data revenues also increased 6% to ₱5.1 billion, driven by demand for information and communications technology (ICT) and cloud services.
The first-quarter performance became Globe’s second-highest quarterly revenue level on record after its fourth-quarter 2025 peak. EBITDA grew 7% to ₱22.2 billion, while margins improved to 52.8%. Core net income increased 9% to ₱4.9 billion, supported by cost controls and higher data usage.
Globe said it is maintaining a disciplined spending strategy as geopolitical tensions and higher energy costs continue to affect businesses and consumers. Capital expenditures reached ₱12.7 billion during the quarter, with 91% allocated to data-related projects such as network and capacity upgrades. The company said the investments will enable them to improve service quality and support long-term digital demand nationwide.
“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 said.
He added that the strategy is designed to keep the business resilient while preparing for long-term growth opportunities.
For the full year, Globe expects low to mid single-digit revenue growth as it navigates rising operating costs, including higher electricity rates, and possible pressure on consumer spending. The company said its first-quarter results reinforce the strength of its data-driven strategy as connectivity services continue to play a bigger role in the country’s digital economy.