JazzWorld reports revenue of PKR144.9bn for third quarter of 2026
ISLAMABAD: JazzWorld reported revenue of PKR 144.9 billion for the third quarter of 2026, up 26.6 percent from a year earlier. Digital services revenue grew 47.9 percent YoY to PKR 58.1 billion and accounted for 40.1 percent of total revenue, up from 34.3 percent a year earlier. EBITDA during the quarter increased 23.9 percent YoY to PKR 65.2 billion. Telecommunications and infrastructure revenue…
JazzWorld disclosed a revenue of PKR 144.9 billion for the third quarter of 2026, marking a 26.6% increase compared to the previous year. Digital services revenue climbed 47.9% year-over-year to PKR 58.1 billion, comprising 40.1% of the total revenue, up from 34.3% a year earlier. EBITDA surged 23.9% YoY to PKR 65.2 billion. Mobile customers grew by 5.1% to 76.4 million, while 4G and 5G customer base expanded 8.1% to 59.5 million.
Average data usage rose 11.7% YoY to 8.4 GB per user. JazzWorld's premium digital brand, ROX, attracted 3.3 million active users, up 62.8% YoY. The company boosted its investment by 68.9% YoY to PKR 20.9 billion, spent on telecommunications infrastructure, network expansion, and 5G rollout. Financial services revenue expanded 67.6% YoY to PKR 43.4 billion, driven by JazzCash, Mobilink Bank, and JazzSure Insurance.
The gross loan portfolio of the financial services business rose 51.9% YoY to PKR 134.6 billion. JazzCash's digital financial services ecosystem grew, serving 65 million branchless banking accounts, with 30.4 million active users. Merchant network reached approximately 2 million, including 957,000 active merchants. JazzCash issued over 230,000 nano-loans daily.
SIMOSA's active user base grew 22.1% to 36.3 million. Tamasha and FikrFree had 33.9 million and 16.8 million active users, respectively. CEO Aamir Ibrahim stated, "Digital services now account for 40% of our revenue. A shopkeeper receiving payment via JazzCash and a family watching cricket on Tamasha both rely on a reliable connection.
That's why network investment remains crucial to our growth. Looking ahead, AI can help people access services in their own language, bridging the intelligence divide in Pakistan."
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