GLOBE Telecom, Inc. reported a core net income of P3.16 billion in the fourth quarter of 2022, bringing its full-year bottom line to P19.17 billion, amid greater public mobility and the resumption of face-to-face activities.
“The revenue improvement came mostly from prepaid with greater public mobility and the resumption of face-to-face classes and work,” the company said. “We are happy that the Globe Group closed the year with strong topline and EBITDA growth,” he added. “The significant increase in data revenues, which accounts for 81% of total service revenues mainly fueled this year’s performance, given the accelerated digital adoption among Filipinos,” said Globe.
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