DITO CME on track to profitability

The parent company of DITO Telecommunity (DITO) is on track to reach profitability by 2027 as it projects a rise in average spending per user because of heightened data usage while its enterprise business gains traction.

Leo Venezuela, DITO CME Holdings chief financial officer (CFO), told reporters last week they were expecting a higher average revenue per user (ARPU) this year as more Filipinos use mobile data when accessing the internet.

“If you get reliable, fast data plans, you tend to consume more. There will be more opportunities for people to use data,” he said.

As of end-2024, Venezuela said their ARPU was about P120 per month for its 14 million subscribers—markedly higher than 9 million in 2023.

Both ARPU and subscriber base are expected to increase as the third telco player introduces more products, the CFO said.

DITO Tel CEO Eric Alberto previously said they were targeting to eventually have at least a 30-percent share of the market.

In comparison, Smart Communications Inc. has 60.3 million subscribers while Globe Telecom Inc. has 60.2 million users.

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On the enterprise side, Venezuela said they were optimistic on its growth, especially its potential in creating a new revenue channel for the company.

The official admitted that it would “take some time” before the enterprise business takes off given that it only started last year.

“They are now in the proper trajectory. It can be a very significant, separate revenue stream,” the CFO added.