Globe optimistic about 2024 business climate with new data centers, climate tech venture

Leading digital solutions provider Globe Group is optimistic about the business climate next year amid key developments in its two strategic areas: the expansion of its cutting-edge data center operations and the introduction of the Gogoro two-wheel electric vehicle (EV).

Globe is positive it can maintain its business trajectory in 2024 following an all-time high in consolidated service revenues for the first nine months at P121.1 billion despite the challenging macroeconomic conditions.

Globe’s resilience is bolstered by its strategic agility and robust performance in mobile and corporate data, leading to high Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of PHP60.7 billion from January to September this year. This aligns with the company’s annual projections and demonstrates its ability to thrive amid economic uncertainties.