AMID the challenging economic landscape, Globe on Monday said they had achieved a new record quarterly revenue of close to P40 billion, which they attributed to data-related products and services across mobile and corporate data, and supplemented by income from non-telco services.
In a statement, Globe said the strong revenue performance went above the growth rates before the pandemic.
This brought the year's first-half consolidated service revenues to an all-time high of P78.9 billion, up 4 percent year on year. It also said that the total data revenues rose to 81 percent of total service revenues from 79 percent last year.
As the new normal pushed more people to the digital world and accelerated digital adoption, mobile data revenues grew by 8 percent to P41.8 billion in the first half of the year from P38.6 billion in the same period of 2021.
"With digitization, data use is growing rapidly, and we already see it impacting our bottom line and shaping the way we do business. Data is bringing a lot of excitement within Globe. We will continue to improve our network and come up with new products and services to meet the changing needs of the market," Ernest Cu, Globe president and chief executive officer, said.
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Mobile data traffic jumped to 2,177 petabytes as of end-June, beating the 1,761 petabytes reported in a similar period last year. Mobile data now accounts for 77 percent of mobile revenues from 73 percent from the same time last year.
The statement also said that Globe's mobile data services allow subscribers to access the internet using various technologies. Customers can choose from a variety of consumable and unlimited data plans or create their own promo.
They can also enjoy a full range of downloadable content, participate in interactive TV, do video calls and chat, and play games, among others.