Business · Companies · 8 hrs ago
Türk Telekom reports 7.7 billion lira in third-quarter profit
Türk Telekom reported its third-quarter 2026 results for its telecommunications business in Turkey.
Revenue reached 86.4 billion lira, up 12% from the same period a year earlier and above analyst expectations.
Growth was supported by technology project income, fixed broadband and business data services.
The company’s subscriber base grew by 905,000 to 58.5 million during the quarter.
Earnings before interest, taxes, depreciation and amortization rose 6.9% to 37 billion lira, but its margin narrowed as lower-margin project income increased.
Net profit fell 42% to 7.7 billion lira, with higher financing costs contributing to the decline.
Türk Telekom reported net profit of 7.7 billion lira in the third quarter of 2026, above analysts’ 6.7 billion lira expectation.
Revenue reached 86.4 billion lira, exceeding the 83.6 billion lira market consensus.
Revenue rose 12% from the same quarter a year earlier, while net profit fell 42%.
The company’s total subscriber base increased by 905,000 from the previous quarter to 58.5 million.
Higher financing expenses contributed to the decline in net profit.
- Who
- Türk Telekom, a Turkish telecommunications company.
- What
- It reported third-quarter net profit of 7.7 billion lira and revenue of 86.4 billion lira.
- When
- The third quarter of 2026; results were reported on November 4, 2026.
- Where
- Not stated.
- Why
- Higher financing expenses contributed to the year-on-year decline in net profit.
This story does not have two clearly opposing sides.
Türk Telekom recorded revenue of 86.4 billion lira and net profit of 7.7 billion lira.
Bloomberg HT published the company’s third-quarter financial results.
- Net profit
- 7.7 billion lira
- Revenue
- 86.4 billion lira
- Market revenue consensus
- 83.6 billion lira
- Total subscribers
- 58.5 million
- First nine months’ revenue
- 236.6 billion lira