Turkcell Iletisim Hizmetleri A.S. Q3 2026 Earnings Recap

Turkcell’s shares rose 8.6% after earnings, with investors responding to real revenue growth of 6.2% and an EBITDA margin of 44.2%, alongside strong subscriber gains. The quarter also showed momentum in pricing and growth businesses, though management’s full-year confidence is not a quantified guidance raise.

Key Takeaways

• Consolidated revenue reached TRY 82 billion, up 6.2% year on year in real terms; net income was TRY 6.7 billion.
• Mobile net additions were 579,000, including 701,000 postpaid additions; mobile churn fell to 1.6% from 2.6% a year earlier.
• Mobile ARPU excluding M2M rose 28% year on year, while residential fiber ARPU increased 34%.
• Superbox added 101,000 net subscribers, taking its fixed wireless access market share to 75%; fiber added 39,000 subscribers.
• Management said results support confidence in achieving full-year real revenue growth and EBITDA margin guidance, but did not disclose revised targets in the excerpt.