PLDT vs. Globe: How much the telcos earned in 1H 2017

Financial reports for the 1st half of 2017 for PLDT and Globe came out earlier this week and the numbers are showing the relative performance of the two major players.

While most of Globe’s number continue to go up, their net income experienced a drop by 10% from Php9.0 billion to Php8.1 billion (excluding the charges on the San Miguel acquisition, the net income would have been Php8.7 billion which is just a 4% drop).

On the other hand, PLDT (including subsidiary Smart) posted positive growth in mobile data revenues despite a drop in consolidated revenues for the 1st half of the year. Their net income has also improved — Php16.5 billion from Php12.5 billion from the same period last year, although it’s still lower than the Php18.7 billion they made in the same period in 2015.

Here’s the chart that compares both Globe and PLDT.

Do note that PLDT has not stated their mobile services revenues for 2017 (although they state this in their 1H 2016 financial report) so we don’t have a figure in that column. Instead, we’re looking at Wireless Consumer Business revenues at Php29.6 billion (16% lower than 1H 2016).

Overall, PLDT made Php16.5 billion and Globe made Php8.1 billion from January to June 2017.

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

5 Comments

Crisanta Lucas says:

7 years ago

I have been with PLDT for 5 years now and the service is pathetic. We have been cut off more times than we have had a connection. It is each week now that we have problems and for some unknown reason they can not get to the root of theproblem. I ask for rebates but they are reluctant to give me one I have to find my way to the office in lapu Lapu city and beg them for a refund. I show the times and dates we have been without a connection before they will act. I amback in the UK now and it is difficult to communicate with PLDT from here. my messages on FB are just ignored.
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qq says:

7 years ago

they do business, not charity.
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eric santiago says:

7 years ago

moral of the story: the secret of success is limited competition, cartel-style pricing, charge at the highest possible rate but provide only the bare minimum quality of service. tubong lugaw sabi nga.
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Jack says:

7 years ago

These telcos are earning billions because of constantly shortchanging the customers.
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el gato says:

7 years ago

ang masassabi ko lang sa globe at pldt, bawas-bawasan ang mga tv ads. baka mas maganda kung magpaaral na lang ng dagdag na scholars sa colleges at universities…. ;)
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