JazzWorld Posts 27% Revenue Growth in Q3 2026 as Digital Services Surge

JazzWorld has reported revenue of PKR 144.9 billion for the third quarter of 2026, marking a 26.6% increase compared with the same period a year earlier. Digital services emerged as a key growth driver, rising 47.9% year-on-year to PKR 58.1 billion and accounting for 40.1% of total revenue, up from 34.3% previously. EBITDA for the quarter climbed 23.9% to PKR 65.2 billion.

The company's core telecommunications and infrastructure business grew 15.5% year-on-year to PKR 86.8 billion. Jazz served 76.4 million mobile customers during the quarter, a 5.1% rise, while its combined 4G and 5G customer base expanded 8.1% to 59.5 million. Average data consumption per user increased 11.7% to 8.4 GB, and the premium digital brand ROX reached 3.3 million active users, up 62.8% year-on-year.

Capital investment rose sharply, with JazzWorld increasing spending by 68.9% year-on-year to PKR 20.9 billion, including PKR 18.6 billion directed at telecommunications and infrastructure. The outlay supported deployment of newly acquired spectrum, network capacity expansion and the continued rollout of 5G services, with more than 1,000 5G sites deployed to date.

Financial services delivered strong momentum, with revenue up 67.6% year-on-year to PKR 43.4 billion across JazzCash, Mobilink Bank and JazzSure Insurance, supported by growth in lending, payments, merchant services and insurance. The gross loan portfolio of the Pakistan financial services business rose 51.9% year-on-year to PKR 134.6 billion as of September 30.

JazzCash continued to broaden its branchless banking ecosystem, serving 65 million accounts, including 30.4 million active users during the quarter. Gross Transaction Value jumped 79.2% year-on-year to PKR 6.9 trillion, while the merchant network expanded to roughly two million, including 957,000 active merchants. The platform also issued more than 230,000 nano-loans daily during the period.

Among the group's lifestyle ventures, SIMOSA's active user base grew 22.1% year-on-year to 36.3 million, Tamasha reached 33.9 million active users and FikrFree served 16.8 million unique policyholders. CEO Aamir Ibrahim said digital services now represent 40% of revenue and noted that network investment remains central to growth, adding that AI tools allowing users to seek help in their own language could help bridge Pakistan's intelligence divide.