Globe sustains growth momentum with strong 1Q 2026 results, with data driving 91% of total revenues

Globe delivered strong year-on-year growth in the first quarter of 2026, demonstrating business resilience and strong execution amid a challenging macroeconomic environment. Consolidated gross service revenues reached Php42 billion, up 5% year-on-year, supported by sustained demand for connectivity and digital services.

Data continued to anchor performance, contributing 91% of total consolidated service revenues, underscoring the strength and scale of Globe’s core connectivity platforms. Mobile data remained a key growth driver, with revenues rising 11% year-on-year to Php26.8 billion, while traffic expanded 18% to 1,810 petabytes, reflecting sustained usage across video, social media, gaming, and digital payments.

The 1Q2026 performance marks Globe’s second-highest quarterly revenue level on record, reflecting sustained business momentum following its peak in the fourth quarter of 2025. It also represents one of its strongest start to a year in recent periods, with all core segments, including mobile, broadband, and enterprise, contributing to growth.

Essential Nature of Connectivity

The continued expansion of data usage highlights the essential nature of connectivity, even as consumers navigate tighter spending conditions. Growth was driven by structural digital adoption rather than short-term consumption patterns, reinforcing the durability of Globe’s revenue base.

Mobile revenues reached Php30 billion, up 6% year-on-year, supported by strong data monetization and a growing subscriber base. Home broadband revenues rose 6% to Php6.2 billion, driven by deeper fiber adoption, while corporate data revenues increased 6% to Php5.1 billion, led by demand for ICT and cloud-enabled solutions.

Profitability remained stable, with EBITDA growing 7% year-on-year to Php22.2 billion and margins expanding to 52.8%, reflecting disciplined cost management alongside sustained topline growth. Core net income rose 9% year-on-year to Php4.9 billion, indicating underlying earnings strength despite external pressures.

“We are pleased to have sustained our momentum into the first quarter of 2026, delivering resilient topline growth of 5% year-on-year. This was driven by disciplined execution and prudent cost management, alongside sustained demand for data and connectivity,” said Carl Cruz, Globe President and CEO.

High-impact network, capacity upgrades

Against the backdrop of ongoing global uncertainties, including geopolitical tensions affecting energy costs and consumer behavior, Globe has adopted a focused and disciplined operating approach to protect margins and sustain overall service quality. The company continues to prioritize efficient capital allocation, directing investments toward high-impact network and capacity upgrades while maintaining positive free cash flow and minimizing foreign exchange exposure.

Capital expenditures for the quarter reached Php12.7 billion, with 91% allocated to data-related initiatives, reinforcing Globe’s commitment to delivering a reliable and high-quality network experience 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. This approach allows us to remain resilient while positioning the business for long-term growth,” Cruz added.

Looking ahead, Globe expects full-year performance to reflect evolving market conditions, including potential impacts on consumer spending and rising operating costs such as power rates. The company is guiding for low to mid single-digit revenue growth for the year, aligned with its focus on sustainable, quality growth.

Globe’s first-quarter results underscore the strength of its data-driven strategy, demonstrating that connectivity-led growth remains resilient across economic cycles while continuing to support the country’s accelerating digital transformation. #