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Earnings report Q1 2024

PLDT Inc. Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

PLDT Inc. reported robust revenue growth across its various segments in the latest quarter. The company's core business, which includes fixed-line and wireless services, generated $2.3 billion in revenue, representing a 10% increase compared to the same quarter last year. The company's digital services segment, which includes data and digital solutions, saw a significant surge in revenue, reaching $1.1 billion, a remarkable 25% increase year-over-year. Additionally, PLDT's international business segment reported revenue of $400 million, reflecting a solid 8% growth.


PLDT Inc.'s strong revenue performance in the latest quarter can be attributed to several factors. The company's core business benefited from increased demand for fixed-line and wireless services, driven by the growing number of subscribers and higher data consumption. PLDT's digital services segment experienced substantial growth due to the rising adoption of digital solutions by businesses and consumers. The company's strategic investments in expanding its network infrastructure and improving service quality have also contributed to its revenue growth.


Despite its overall positive performance, PLDT Inc. faces certain challenges. The company continues to encounter intense competition in the telecommunications industry, which puts pressure on pricing and margins. Additionally, regulatory changes and government policies may impact PLDT's operations and profitability. The company needs to remain vigilant and adapt to evolving market dynamics to sustain its growth trajectory.


In the latest quarter, PLDT Inc. successfully completed the voluntary separation of Mr. Emmanuel Ramon C. Lorenzana, a Senior Vice President and the Chief Transformation and Customer Officer of the company. This move is part of PLDT's ongoing efforts to streamline its operations and enhance organizational efficiency.


PLDT Inc. delivered a strong performance in the latest quarter, with robust revenue growth across its core business, digital services, and international segments. The company's strategic investments in network infrastructure and digital solutions have paid off, driving increased demand and higher revenue. However, PLDT faces challenges from intense competition and regulatory changes. Overall, PLDT's solid revenue growth positions it well for future success in the telecommunications industry.

Source documents

Form 6-K  filed on Feb 29, 2024
924 pages scanned

Reference data

Company financials Q1 revenue 54.60B
Analyst estimates Q1 EPS missed by -106.25%
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