#converge net income 2022

Converge just announced that they added 188,000 new subscribers in the first quarter of 2022 (15% up from the 163,000 subscribers they got in Q4 of 2021). In the same period, they also got Php7.75 billion in net revenues while their core net income grew to almost Php2.0 billion representing a core net income margin of 25.4%. SME subscribers of Converge reached 25,810 as of March 21, 2022 - a growth of 200%. Nationwide household coverage as of Q1 2022 is at 47% with 12.2 million Filipino homes are serviceable by Converge. Based on Ookla Speedtest Intelligence data for the first half of 2025, Converge earned the title of Fastest Fixed Network with a Speed Score of 63.46. Converge accelerated fiber rollout across more regions during the year, while also improving customer experience through network automation and infrastructure upgrades. As it enters 2026, Converge said it will continue expanding its fiber footprint and enhancing network performance, aiming to sustain its lead amid intensifying competition in the Philippine broadband market. Read more in our articles including "Converge adds 188k subs, Php7.75 billion revenue in Q1 2022" and "Ookla names Converge as the Philippines’ fastest internet provider for 2025".