Globe Telecom’s latest results show the Philippine telco is now driven by data platforms, with data and digital services accounting for 88 percent of revenues as voice and SMS continue to fade.
In 2025, Globe said data and digital service made up a vast majority of its consolidated service revenues, up from 86 percent last year.
“Data demand remained robust throughout the year, especially in the fourth quarter, and it cuts across all our revenue lines from mobile, broadband, and enterprise,” said Globe Telecom’s chief financial officer Carlo Puno during Globe’s Financial Report of 2025 via Zoom held today, Feb. 9.
Mobile data alone accounted for 87 percent of mobile revenues, underscoring how traditional call and text services have moved to the margins of the business.
Mobile data revenues reached PHP 101.2 billion in 2025, helping offset continued declines in legacy services, while consolidated service revenues hit a record PHP 165.1 billion for the year.
Supporting this data-first model is Globe’s expanding fiber footprint with Globe At Home broadband revenues reaching PHP 24.0 billion in 2025, as customers continued to migrate to fiber services, which now account for 91 percent of total broadband revenues.
A significant driver of fiber adoption was its GFiber Prepaid, which surpassed 820,000 customers by the end of last year.
The prepaid model lowers the cost of entry for households and mirrors the pay-as-you-go approach that helped mobile data scale in the Philippine market.
Globe’s fintech arm, Mynt, which operates GCash, contributed PPH 6.1 billion in equity earnings in 2025, equivalent to 22 percent of the company’s pre-tax income
On the enterprise side, Globe’s corporate data business posted record revenues of PHP 20.7 billion, with growth driven by ICT services such as cybersecurity, cloud solutions, and business applications.
“At the same time, to enable a lot of these investments, we also focused on and maintained our cost discipline as well as made sure that we are very efficient in terms of capital deployment,” Puno said.
Cash capital expenditures fell 18 percent year-on-year to ₱46.2 billion in 2025, with about 90 percent of spending still directed toward data-related initiatives.
The company said the alignment between usage growth and revenues suggests its data investments are translating into earnings.
“Our data traffic growth is almost equal to our revenue growth, signaling that the investments we made are being properly monetized,” Globe Telecom president and CEO Carl Cruz said. “We’re off to a very good start as well to the year at the back of our best ever quarter of the Globe.”
