Globe continued its growth momentum in the first nine months of 2026, posting record service revenues of ₱129 billion as strong demand for mobile data, fiber broadband, and digital solutions fueled its core connectivity businesses.
The telecommunications company reported a 6% increase in consolidated gross service revenues for the nine months ended September 2026, compared with ₱121.7 billion during the same period last year. Data-related services accounted for approximately 90% of Globe's total gross service revenues, highlighting the company's continued transformation into a data-driven connectivity and digital solutions provider.
Mobile Business Reaches All-Time High
Globe's mobile business generated an all-time high of ₱91.4 billion in service revenues during the first nine months of 2026, up 6% year-on-year.
Mobile data remained the biggest driver of growth, generating ₱81.2 billion, a 10% increase from the previous year. Data revenues accounted for 89% of Globe's total mobile service revenues.
As of the end of September 2026, Globe had approximately 66.9 million mobile subscribers, including 39.8 million mobile data users.
The growing popularity of video streaming, social media, gaming, e-commerce, productivity tools, artificial intelligence applications, and digital payments continued to drive mobile data usage. Total mobile data traffic reached 5,705 petabytes, while average monthly data usage per subscriber increased to approximately 17GB, up from 15GB a year earlier.
Globe also reported continued growth in 5G adoption. The company said 5G users generated an average revenue per user that was 9% higher than non-5G subscribers, while average traffic per 5G user increased significantly compared with December 2025.
Globe At Home Continues Shift Toward Fiber
Globe At Home generated ₱18.9 billion in revenues during the nine-month period, representing 6% year-on-year growth.
The company's home broadband business continued its transition toward fiber connectivity. Total home broadband subscribers reached approximately 2.5 million as of September 2026, while wired broadband subscribers grew 28% year-on-year to more than 2.1 million.
Fiber subscribers increased by 30% compared with the previous year, with fiber accounting for approximately 93% of Globe At Home's total broadband revenues.
Meanwhile, GFiber Prepaid reached 1.2 million subscribers, demonstrating continued demand for flexible prepaid fiber connectivity among Filipino households.
Globe Business Sees Strong Corporate Data Growth
Globe Business also delivered solid results, with Corporate Data revenues reaching a record ₱16.5 billion for the first nine months of 2026, up 10% year-on-year.
Growth was supported by demand for core data services, international data, direct internet, and ICT solutions. Globe said it continues to expand its capabilities in connectivity, cloud services, cybersecurity, business applications, and artificial intelligence as enterprises accelerate their digital transformation.
Record EBITDA Despite Higher Operating Costs
Despite a challenging macroeconomic environment and higher operating expenses, Globe posted a record ₱68 billion EBITDA for the first nine months of 2026, up 6% from the previous year.
The company's EBITDA margin remained healthy at 52.7%, exceeding its full-year guidance of approximately 50%.
Reported net income after tax, however, declined 7% to ₱16.5 billion, primarily due to higher depreciation and net interest expenses, as well as non-recurring gains recorded during the previous year.
Core net income totaled ₱15.5 billion, remaining broadly unchanged year-on-year.
Globe President and CEO Carl Raymond R. Cruz said the company's performance demonstrates the strength of its focus on customer engagement, monetization, and disciplined investments.
The company also acknowledged continued inflationary pressures and tighter household budgets but remains optimistic that connectivity will continue to be an essential household expense, particularly as demand strengthens during the fourth quarter.
₱35.8 Billion Invested in Network and Digital Infrastructure
Globe invested ₱35.8 billion in capital expenditures during the first nine months of 2026, a 14% increase from the previous year.
Around 89% of the company's capital spending was allocated to data-related requirements, including network quality, capacity, fiber connectivity, and digital infrastructure.
During the period, Globe deployed 128,732 new fiber-to-the-home lines and added 1,481 new 5G sites.
As of the end of September 2026, Globe's 5G network provided more than 98% outdoor population coverage across Metro Manila and key cities in the Visayas and Mindanao. The company also expanded its coverage to a total of 307 towns with at least 80% population coverage.
For travelers, Globe expanded its international 5G roaming network to include 204 inbound and 190 outbound roaming partners across 133 destinations.
GCash and AI-Ready Infrastructure Add to Globe's Growth Story
Globe also continued to benefit from the growth of Mynt, the company behind GCash. Mynt accounted for 28% of Globe's net income before tax during the first nine months of 2026, reflecting its growing importance in diversifying Globe's earnings base.
The press release also highlighted the progress of STT GDC Philippines, which is focused on building AI-ready digital infrastructure to support growing demand for cloud computing and artificial intelligence in the country.
STT GDC Philippines is targeting 30MW of total capacity before the end of the year, supported by continued customer demand and expansion across its facilities. The company also said its operational sites use 100% renewable energy as part of its sustainability strategy.
Globe Strengthens Its Position in the Digital Economy
Globe's latest financial results show how mobile data, fiber broadband, enterprise connectivity, digital financial services, and infrastructure investments are becoming increasingly important to its long-term growth.
With data now accounting for approximately 90% of gross service revenues, the company's continued investment in 5G, fiber, cloud, AI-ready infrastructure, and digital solutions positions Globe to support the Philippines' growing demand for reliable and high-speed connectivity.
As the country becomes increasingly connected, Globe's focus on expanding its network and digital ecosystem could play a major role in shaping the next phase of the Philippine digital economy.