Globe’s strategic shift to becoming a digital solutions platform has started to bear fruit, with revenues from non-telco services growing a robust 252% year on year.
Total non-telco revenues from its subsidiaries amounted to ₱791 million (USD$15.1 million) for the first three months of 2022, almost three times larger than the same period last year. This marks the first quarter that non-telco services have significantly contributed to Globe’s topline. The positive results were driven by growth across most of the company’s subsidiaries and affiliates.
Aside from popular e-wallet service GCash and telehealth platforms KonsultaMD and HealthNow, Globe is seeing marked improvements in the performance of Adspark, Yondu, ECPay, and Asticom.
Award-winning AdSpark is the largest local ad-based data-powered digital media and creative agency. It has already launched more than 2,800 digital campaigns.
On the other hand, multi-payment platform Electronic Commerce Payments Inc. (ECPay) now has a general trade retail base of over 154,000.
Globe President and CEO Ernest Cu
We are optimistic about the growth prospects for new ventures in Globe’s expanding portfolio. We believe that our ceaseless innovation through various digital platforms, backed by the growing investment in our data network, will strengthen our leadership in the digital space. Our commitment to making continuous enhancements in our products and services are all geared towards empowering and uplifting Filipino lives.
