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

Q3 2023 Globe Telecom Inc Earnings Call Transcript

Nov 06, 2023 / 06:00AM GMT

Transcript

Unidentified Company Representative

Thank you for joining us for Third Quarter 2023 Analyst Briefing. We are happy to report that Globe continue to post sound operating and financial results in the first 9 months of 2023. Globe achieved a fresh record high quarterly revenue of PHP 40.7 billion, which were year-to-date revenues to PHP 121.1 billion, also (inaudible). This performance was made also more impressive given the challenge in the economic market of the company is operating in. The sustained revenue growth was driven by as usual, growth in mobile and corporate data, complemented by the robust contribution from our non-telco services. This top line growth coupled with our built in cost management, resulted in EBITDA reaching PHP 60.7 billion for the first 9 months of 2023, higher by 1% year-on-year. This figure is another record high for the company, an indication of the company's solid cost management strategies despite the inflationary pressures pushing costs up. Globe's EBITDA margin, which stands at 50% is tracking within our guidance for the full year. (inaudible) for the third quarter of 2023

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