Globe Telecom ( (GTMEF) ) has released its Q1 earnings. Here is a breakdown of the information Globe Telecom presented to its investors.
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Globe Telecom, Inc. is a prominent digital platform in the Philippines, focusing on telecommunications, venture capital, and digital marketing solutions. The company offers a comprehensive range of services, including mobile, broadband, and internet services, catering to both consumer and business needs.
In its latest earnings report for the first quarter of 2025, Globe Telecom reported consolidated gross service revenues of ₱39.9 billion, reflecting a 3% year-on-year decline. Despite this, the company maintained strong profitability through operational discipline, with an EBITDA of ₱20.8 billion and a robust EBITDA margin of 52.1%. The company also highlighted the significant contribution of its digital financial services arm, Mynt, which accounted for 22% of Globe’s pre-tax net income.
Key financial metrics showed a mixed performance, with mobile business revenues at ₱28.3 billion and corporate data revenues at ₱4.9 billion. The mobile segment remained resilient, supported by network investments and a growing subscriber base, while the home broadband business focused on expanding fiber connectivity. Globe’s strategic initiatives included a 38% year-on-year reduction in capital expenditures, emphasizing financial efficiency while enhancing network capabilities.
Looking ahead, Globe Telecom remains committed to driving its strategic agenda, focusing on digital transformation and expanding its enterprise and fiber services. The company aims to maintain its leadership in the telecommunications industry while exploring growth opportunities in emerging digital sectors. With a strong foundation and a customer-centric approach, Globe is poised to navigate the dynamic digital landscape effectively.