JazzWorld revenue crosses Rs130 billion in Q1 2026

ISLAMABAD: JazzWorld posted more than Rs130 billion in revenue during the first quarter of 2026, driven by strong growth in digital financial services, data consumption and multiplay adoption, as the telecom giant accelerated investments in network expansion, AI-powered infrastructure and future-ready 5G capabilities.

The company announced a 20.6 percent year-on-year increase in total revenue during Q1 2026, reflecting expanding adoption of digital services across Pakistan’s rapidly growing digital economy.

According to the company, telecom and infrastructure revenue increased 14.3 percent YoY to Rs82 billion, supported by higher prepaid monetization, increasing data usage and continued growth in multiplay bundles.

Digital revenue surged 33 percent YoY to Rs48 billion, contributing approximately 37 percent of total revenue compared to 33.4 percent during the same period last year, highlighting the company’s accelerating transition from a conventional telecom operator into an integrated digital services platform.

The company’s profitability indicators also improved significantly during the quarter. EBITDA rose 29.4 percent YoY to Rs58.5 billion, while EBITDA margin improved by 3.1 percentage points to 45 percent, supported by operating leverage and disciplined cost management.

During the quarter, JazzWorld invested Rs8.8 billion, equivalent to nearly $31 million, to expand network capacity, modernize infrastructure and strengthen digital platforms aimed at supporting future-ready connectivity and AI-enabled customer experiences.

The company said the investment forms part of its broader transformation strategy focused on strengthening Pakistan’s digital infrastructure and expanding access to integrated digital services nationwide.

JazzWorld’s subscriber base reached nearly 75 million users during the quarter, while 4G users increased 7.2 percent YoY to more than 57 million, pushing overall 4G penetration to 76.3 percent.

The company also reported continued growth in multiplay adoption, with multiplay customers increasing 4.8 percent YoY to 23.8 million. According to the company, multiplay users generate nearly 3.5 times higher average revenue per user compared to voice-only customers, reflecting a sustained shift toward integrated digital and lifestyle services.

Average revenue per user increased 19.4 percent YoY to Rs496, while average data consumption rose 12.7 percent to 8.2 GB per user.

Commenting on the results, CEO JazzWorld Aamir Ibrahim said the company’s performance reflected the increasing scale and momentum of Pakistan’s digital economy.

He stated that millions of Pakistanis were increasingly adopting digital services across finance, entertainment and everyday digital platforms, while the company remained focused on building infrastructure and technology capabilities that make digital access more inclusive and future-ready.

During March 2026, JazzWorld secured the largest allocation in Pakistan’s spectrum auction, acquiring 190 MHz spectrum across all newly introduced frequency bands, including the strategically important 700 MHz “golden band” aimed at strengthening rural connectivity and supporting future 4G and 5G services.

The spectrum acquisition, valued at approximately $239.5 million, further strengthened the company’s readiness for next-generation connectivity and network expansion.

The company disclosed that 5G services had already been launched across nearly 180 sites in eight major cities, with network expansion and compatible device support continuing progressively.

Earlier in January 2026, JazzWorld also executed Pakistan’s largest-ever Rs75 billion interest rate swap transaction with United Bank Limited, aimed at strengthening financial resilience and reducing exposure to interest rate volatility.

Since inception, the company said it has invested more than $11 billion in Pakistan’s digital infrastructure and recently announced plans for an additional $1 billion investment over the next three years to support network modernization, capacity expansion and phased nationwide 5G rollout.