Globe Telecom Inc (PHS:GLOPP.PFD)

₱ 505.5 0 (0%) Market Cap: - Enterprise Value: - PE Ratio: 12.42 PB Ratio: 1.80 GF Score: 82/100

Q2 2023 Globe Telecom Inc Earnings Call Transcript

Aug 15, 2023 / 01:30AM GMT

Transcript

Unidentified Company Representative

Good morning, and welcome to the Second Quarter 2023 Analyst Briefing of Globe Telecom. We will begin with a video presentation of our performance and a few updates on the Globe Group to be followed by the Q&A.

Unidentified Company Representative

Welcome, everyone, and thank you for joining us for our second quarter 2023 analyst briefing. We are happy to report that Globe posted solid operating and financial results in the first semester of this year despite a number of macroeconomic headwinds and encountered during the period. Globe achieved a new record in quarterly revenue of PHP 40.4 billion, which brought our first half revenue to PHP 80.4 billion, also a fresh all-time high. This strong revenue growth was driven by sustained growth in mobile and corporate data and supplemented by the robust performance of our non-telco services.

The sustained topline improvement and our prudent cost management resulted in EBITDA reaching PHP 40.5 billion for the first half of 2023, posting 5% sequential growth against the second half of

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