FAQ Service Revenues Drive Globe Profit to P24.3 Billion

FAQ Service Revenues Drive Globe Profit to P24.3 Billion

As professionals in the brewing industry, you're likely eager to stay up-to-date on the latest developments in the telecom sector. In this FAQ blog, we'll address five common questions and concerns related to Globe Telecom Inc.'s 2024 financial results.

Q1 What drove Globe's service revenues to a record P165.02 billion?

A1 Despite challenges from home broadband normalization, ECPay deconsolidation, and prolonged inflation, Globe's mobile and corporate data segments demonstrated remarkable resilience. Mobile services contributed P116.71 billion in revenues, while corporate data services generated a record P20.37 billion.

Q2 How did Globe's 5G network perform in 2024?

A2 Key Highlights Globe added 587 new 5G sites, achieving 98.69% coverage in the National Capital Region and 96.95% in key cities in the Visayas and Mindanao regions. This brought 5G connectivity to approximately 106 towns, with over 9 million devices connected to its network as of December 2024.

Q3 What's behind Globe's EBITDA growth?

A3 Insights Globe's EBITDA reached a new high of P86.80 billion in 2024, up 7% from the prior year's P81.40 billion. This growth was partially offset by higher depreciation expenses and non-operating charges.

Q4 How did Globe's home broadband service perform?

A4 Insights Home broadband service revenues fell to P23.79 billion, down 5% from the previous year's P25.11 billion. This decline was attributed to customers switching to fiber from fixed wireless offerings.

Q5 What are Globe's plans for 2025?

A5 Outlook For 2025, Globe is targeting a low-to-mid single-digit revenue increase and a full-year capex of under $1 billion. Globe CFO Juan Carlo Puno emphasized the importance of investing in data network infrastructure, with a significant portion allocated to the mobile business.

Conclusion

In conclusion, Globe's 2024 financial results demonstrate resilience in the face of challenges. With a focus on data-driven growth and investments in its mobile business, Globe is poised for continued success in 2025. As professionals in the brewing industry, it's essential to stay informed about industry developments and trends. By doing so, you'll be better equipped to create exceptional brews that delight your customers.

Keywords Globe Telecom Inc., service revenues, financial results, data-driven growth

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.