Digital services, JazzCash expansion and rising data usage drive strong quarterly performance
JazzWorld reported a strong financial performance for the first quarter of 2026, posting a 20.6% year-on-year increase in revenue to over Rs130 billion, supported by continued growth in connectivity, digital financial services, entertainment, and digital lifestyle platforms.
The company’s telecom and infrastructure revenue rose 14.3% YoY to Rs82 billion, driven by higher data consumption, improved prepaid monetization, and increasing demand for multiplay bundles.
Meanwhile, digital revenue surged 33% YoY to Rs48 billion, contributing nearly 37% of total revenue compared with 33.4% in the same quarter last year, highlighting rapid growth in JazzWorld’s digital ecosystem.
EBITDA and profitability improve
JazzWorld also reported significant improvement in profitability during the quarter.
• EBITDA increased: 29.4% YoY to Rs58.5 billion
• EBITDA margin improved: 45%
• Capital investment: Rs8.8 billion
The company said the investment focused on expanding network capacity, modernizing digital infrastructure, and improving AI-enabled customer experiences.
Subscriber base and 4G adoption expand
Jazz’s subscriber base reached nearly 75 million users, while 4G subscribers increased 7.2% YoY to over 57 million.
As a result:
• 4G penetration: 76.3%
• Multiplay customers: 23.8 million
• ARPU growth: 19.4% YoY to Rs496
• Average data usage: 8.2 GB per user
The company noted that multiplay users now generate approximately 3.5 times higher average revenue per user (ARPU) compared to voice-only customers.
JazzCash crosses major milestones
JazzWorld’s digital financial services platform JazzCash continued to record strong growth.
The platform achieved:
• 29.2 million monthly active users
• Over 60 million registered users
• Gross Transaction Value (GTV): Rs16.8 trillion
• 202,000 digital loans processed daily
JazzCash also onboarded its one millionth Raast QR merchant, further strengthening digital payments and financial inclusion in Pakistan.
Financial services revenue increased 44.1% YoY, supported by growth in lending, payments, merchant solutions, and SME services.
Tamasha and digital platforms gain traction
The company’s digital entertainment platform Tamasha reached a record 33.5 million monthly active users during the ICC T20 World Cup, capturing around 70% of digital tournament viewership.
Other digital platforms also showed strong growth:
• SIMOSA users: 34 million
• ROX users: 1.5 million
• FikrFree policies: 17.8 million active policies
These figures reflect growing demand for digital lifestyle and insurance services across Pakistan.
CEO highlights Pakistan’s digital economy growth
Commenting on the results, JazzWorld CEO Aamir Ibrahim said the company’s strong Q1 performance demonstrates the rapid expansion of Pakistan’s digital economy.
He stated that JazzWorld remains focused on building infrastructure and platforms that promote inclusive and future-ready digital access for millions of Pakistanis.
Spectrum acquisition and 5G expansion
In March 2026, JazzWorld secured the largest allocation in Pakistan’s spectrum auction, acquiring 190 MHz spectrum across newly introduced bands, including the 700 MHz spectrum.
The acquisition, valued at USD 239.5 million, is expected to strengthen network coverage and support future 4G and 5G expansion.
The company said 5G services have already been launched across nearly 180 sites in eight major cities, with further expansion planned in coming months.
JazzWorld also recently completed Pakistan’s largest-ever Rs75 billion interest rate swap with United Bank Limited to improve financial resilience and reduce exposure to interest rate volatility.
Since its inception, the company has invested over USD 11 billion in Pakistan’s digital infrastructure and plans an additional USD 1 billion investment over the next three years for network modernization and nationwide 5G rollout.