Friday, April 19, 2024

Globe’s mobile data revenues up 9% in 2023 as voice, SMS revenues fall

Ayala-owned Globe said its mobile business witnessed a 9% year-on-year increase in mobile data revenues of P90.9 billion, which more than compensated for declines observed in mobile voice and SMS revenues, which fell by 9% and 10%, respectively.

The performance is a clear indication of the shifting consumer preference towards data-driven communication and entertainment, the local operator said.

Mobile data traffic soared to 5,960 petabytes by the end of December 2023, a 28% rise from 2022. Such a surge in data consumption is primarily attributed to high-bandwidth online videos and social media content accessed through smartphones, Globe said.

Additionally, mobile data Average Revenue Per User (ARPU) saw a 34% year-on-year growth, and are now more reflective of the true ARPU levels of Globe, the company said. 

Moreover, mobile data Average Traffic Per User (ATPU) rocketed by 35% to reach 14 gigabytes per month. Mobile data now constitutes 81% of the company’s mobile revenues, up from 78% the previous year.

The robust data business pushed Globe’s overall mobile business to achieve record revenues of P112.4 billion in 2023, marking a 5% improvement over the previous year.

“2023 overall was a great year. In telco primarily, our growth was bannered by the mobile side of our business, which did tremendous growth at 5%.  It probably may not be a huge number but if you look at the global trends in telco for mature markets like the Philippines, 5% is indeed a very good number in terms of the growth rate,” said Ernest Cu, Globe Group’s president and CEO.

Following the SIM registration mandate early last year, Globe’s mobile customer base stood strong at 57 million by December 31, 2023.

Despite deactivating approximately 30 million SIMs, primarily inactive users, the company observed an increase in gross mobile ARPUs for prepaid and TM.

Year-on-year, prepaid ARPU rose by 24% to P120, while TM ARPU increased by 34% to P84. Adjusted for the post-SIM Registration period, these figures further demonstrate the high-quality subscriber base post the SIM card registration exercise, according to the company.

“Despite the economic challenges, our focus on enhancing network quality and service has allowed us to not only meet but exceed our customers’ expectations. Our growth in mobile data revenues and ARPU highlights the increasing relevance of mobile data in our customers’ daily lives and reinforces our position as a leader in the telecom industry,” said Darius Delgado, head of Globe’s consumer mobile business.

Subscribe

- Advertisement -spot_img

RELEVANT STORIES

spot_img

LATEST

- Advertisement -spot_img