Globe Telecom Inc (PHS:GLOPP.PFD)

₱ 505.5 0 (0%) Market Cap: - Enterprise Value: - PE Ratio: 12.49 PB Ratio: 1.81 GF Score: 84/100

Q1 2022 Globe Telecom Inc Earnings Call Transcript

May 06, 2022 / 01:30AM GMT

Transcript

Jose Mari Fajardo

Globe Telecom, Inc. - Director of Investors Relations

Welcome to the Virtual First Quarter 2022 Analyst Briefing of Globe Telecom, which we will start with a short presentation from our management team.

We'll now hand over the virtual floor to our President and Chief Executive Officer, Mr. Ernest Cu.

Ernest Lawrence L. Cu

Globe Telecom, Inc. - President, CEO & Executive Director

Thank you, Jomari. Good morning, and thank you to everyone joining us today. I am pleased to report that Globe is off to a good start in 2022 with service revenue coming in at a new record high of PHP 39 billion, up 4% year-on-year and 3% quarter-on-quarter despite the aftermath of debt and the resurgence of the Omicron variant in the first 2 months of the year, not to mention the lingering effects of the prolonged pandemic on the country's economy.

Growth continues to be driven by data, but is now complemented by the improving performance of non-telco services. This is a testament to our strategic push of going beyond to cultivate a robust

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