The Globe Group’s consolidated service revenues rose 2 percent to a record P80.4 billion for the first half of 2023 showing stable revenues year-on-year, backed by the data revenue growth across mobile and corporate data businesses.
The sustained topline improvement was likewise supported by the robust contribution from its non-telco services, which now account for 3.5 percent of total gross service revenues, a press release from the firm said.
Total data revenues as of the first semester of the year amounted to P65.9 billion, increasing its contribution to the topline from 81 percent last year to 82 percent this period, it added.
Mobile business revenues as of end-June 2023, stood at P54.8 billion or higher by 1 percent compared to P54 billion reported a year ago, mostly coming from the company’s prepaid brands, the press release said.
The wireless segment showed growth on the revenue line despite the inflationary pressures not present in the same period last year, as it continues to benefit from the return to pre-pandemic levels of public mobility, it added.
On a sequential basis, the growing data habituation of Filipinos resulted in a 2 percent quarter-on-quarter improvement in revenues.
Total mobile revenues comprised 68 percent of the total consolidated service revenues, with the total mobile customer base ending at 82.9 million for the first six months of the year.*