CONSOLIDATED service revenues climbed nine percent to P171.5 billion, the company’s highest full-year revenue that surpassed 2019’s P157.7 billion.
PLDT’s earnings last year were bolstered by data/broadband demand which grew by 18 percent to P124.5 billion.
Increased demand for connectivity for work-from-home, online learning and streaming propelled its home broadband to post a record 11 percent or P4.3 billion increase in revenues year-on-year to P41.4 billion.
Data/broadband revenues now account for 80 percent of home revenues.
As the work-from-home and home schooling continues, the PLDT Home Team promised to connect more homes to the internet.
It targets to hit over 100,000 monthly average installations this year.
Meanwhile, PLDT’s digital wallet PayMaya registered 28 million customers and more than 116,000 merchants.
It has helped enable over 60 government agencies and units with digital payments acceptance, registering an overall 1,200 percent growth in government transaction value last year.
To further propel this growth, the firm recently launched the PayMaya Mall, which brings consumers and merchant partners together in one convenient platform through the PayMaya app.
It also pioneered the use of QR Ph and payment links for online sellers, allowing them to conveniently offer cashless payments through PayMaya via social media or chat apps such as Viber and Facebook Messenger. (JOB)