JazzWorld has reported strong first quarter 2026 financial results, with total revenue crossing Rs130 billion, representing a 20.6 percent increase year-on-year, as the company’s digital platforms continued to scale across financial services, entertainment, and lifestyle verticals. Telecom and infrastructure revenue grew 14.3 percent year-on-year to Rs82 billion, supported by continued growth in multiplay bundles, stronger prepaid monetisation, and rising data consumption, while digital revenue increased 33 percent year-on-year to Rs48 billion, contributing approximately 37 percent of total revenue compared to 33.4 percent in the first quarter of 2025. EBITDA margin improved by 3.1 percentage points year-on-year to 45 percent, while EBITDA increased 29.4 percent year-on-year to Rs58.5 billion, supported by operating leverage and disciplined cost management. During the quarter, the company invested Rs8.8 billion, approximately USD 31 million, to expand network capacity, strengthen digital infrastructure, and accelerate its evolution as a digital services company.
JazzWorld’s digital ecosystem continued to scale during the quarter, with total users across its digital platforms surpassing 143 million. JazzCash reached 29.2 million monthly active users, with its registered user base crossing 60 million. Last-twelve-months Gross Transaction Value increased 56 percent year-on-year to Rs16.8 trillion as of March 2026. The platform processed more than 202,000 digital loans daily and onboarded its one millionth Raast QR merchant earlier this year, further strengthening financial inclusion and digital payments adoption across Pakistan. Financial Services revenues grew 44.1 percent year-on-year, supported by strong expansion across payments, lending, merchant solutions, and small and medium enterprise services at JazzCash and by higher digital engagement and rising loan disbursement volumes at Mobilink Microfinance Bank.
Tamasha achieved a record peak of 33.5 million monthly active users during the ICC T20 World Cup, the highest reach recorded by a local streaming platform, while capturing a leading share of Pakistan’s streaming audience during the tournament. The entertainment platform’s performance during the World Cup demonstrated the scale that JazzWorld’s digital ecosystem can reach during high-demand moments, reinforcing the strategic logic of building a vertically integrated digital services company that can monetise connectivity, payments, and entertainment simultaneously across the same user base.
During March 2026, JazzWorld secured the largest allocation in Pakistan’s spectrum auction, acquiring 190 MHz spectrum across all newly introduced bands, including the 700 MHz golden band to strengthen rural coverage and high-capacity spectrum to support future-ready fourth and fifth generation services. The acquisition, valued at USD 239.5 million, further strengthened its network leadership and readiness for next-generation connectivity. Earlier in January 2026, JazzWorld also executed Pakistan’s largest-ever Rs75 billion interest rate swap with United Bank Limited, strengthening financial resilience and reducing exposure to interest rate volatility. Since inception, JazzWorld has invested over USD 11 billion in Pakistan’s digital infrastructure and recently announced an additional USD 1 billion investment over the next three years to support network modernisation, capacity expansion, and phased fifth generation rollout nationwide. Commenting on the results, Chief Executive Officer Aamir Ibrahim said the strong Q1 2026 performance reflects the growing scale and momentum of Pakistan’s digital economy, and that the company’s focus remains on building the infrastructure, platforms, and capabilities that make digital access more meaningful, inclusive, and future-ready.
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