7.7 billion TL net profit from Türk Telekom in the third quarter

Türk Telekomünikasyon A.Ş. (Türk Telekom) announced its financial results for the third quarter of 2026. The company's revenue amounted to 86.4 billion TL in the relevant period and remained above the market consensus of 83.6 billion TL. Türk Telekom's revenue increased by 12 percent on an annual basis compared to 77.2 billion TL recorded in the same quarter of the previous year. The company's revenue in the first nine months of 2026 increased by 10 percent on an annual basis, reaching 236.6 billion TL. Information and communication technologies project revenues played a decisive role in revenue growth. The annual increase in fixed broadband and corporate data revenues also supported revenue.

Türk Telekom's total number of subscribers increased by 905 thousand quarterly to 58.5 million in the third quarter, driven by the growth in the retail segment. Average revenue per subscriber (ARPU) in the mobile segment, which accounts for 38 percent of total revenues, decreased by 0.8 percent on an annual basis in the third quarter. In the fixed broadband segment, which takes a 29 percent share of the revenue, ARPU increased by 7.3 percent on an annual basis.

The company's EBITDA increased by 6.9 percent on an annual basis in the third quarter, reaching 37 billion TL, slightly above analyst expectations of 35.8 billion TL. EBITDA margin decreased by 200 basis points from 44.9 percent in the third quarter of 2025 to 42.9 percent. The increase in low-margin project revenues was effective in the decline in margins.

Türk Telekom's net profit was 7.7 billion TL in the third quarter, exceeding analyst expectations of 6.7 billion TL. The company's net profit decreased by 42 percent compared to the same period last year. Increased financial expenses were effective in the decrease in net profit.