Globe Telecom Inc., a leading telco-to-tech provider in the Philippines, reported a 14-percent decline in net income for the first nine months of 2025, citing intense industry competition and the economic effects of recent typhoons. The company posted a net income of P17.7 billion between January and September, down from P20.6 billion during the same period last year.
Revenue fell slightly by two percent to P121.7 billion, with the mobile segment contributing the largest share at P86.2 billion. The decline in earnings was partly attributed to typhoon disruptions, which kept many Filipinos at home and reduced overall data consumption compared with usual on-site work or school activity. In response, Globe implemented cost-saving measures, trimming spending by three percent to P57.5 billion.
Investments in Broadband and Fintech Offer Growth Potential
Despite the dip in profits, Globe remains optimistic about its long-term growth prospects. The company continues to expand in the broadband sector through its GFiber Prepaid service, which has attracted over 700,000 subscribers as of September.
Globe is also benefiting from its stake in Globe Fintech Innovations Inc. (Mynt), the parent company of GCash. Its share in Mynt’s equity earnings jumped more than 50 percent to P5.3 billion, accounting for 25 percent of the telco’s pre-tax income. These strategic investments in broadband and fintech are expected to provide stronger revenue streams in the years ahead.
Preparing for a Digital Future
Globe’s leadership is actively positioning the company for the rapid growth in digital services. Globe president and CEO Carl Cruz announced a multi-year partnership with Amazon Web Services (AWS) to supply cloud infrastructure in anticipation of rising data consumption, projected to triple in the short term.
Cruz emphasized that Globe aims to elevate the digital experience for every subscriber, asserting that innovation and world-class connectivity remain central to the company’s strategy. “We remain steadfast in our vision of becoming the most valuable, trusted, and admired operator in the country in the medium term, investing in connectivity and driving innovations that help build a more inclusive and digitally empowered Philippines,” he said.
Currently, Globe serves 63.1 million mobile subscribers, maintaining its position as the largest provider in the country. With its investments in broadband, fintech, and cloud infrastructure, the telco is confident it can return to growth and strengthen its value proposition in the Philippine market.
