Turkcell reports TRY 82 billion revenue and TRY 6.7 billion net income in Q3

Turkcell's third-quarter 2026 revenue rose 6.2% to TRY 82 billion and its EBITDA margin reached 44.2%, while net income fell 3.8% year on year. The company also outlined subscriber gains and investment plans.

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Turkcell has reported its financial and operating results for the third quarter of 2026. Consolidated revenue rose 6.2% year on year to TRY 82 billion, while consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 6.8% to TRY 36.2 billion. The EBITDA margin was 44.2%, up 2.4 percentage points from the second quarter.

The company's investor results table shows that quarterly net income declined 3.8% year on year, from about TRY 7 billion to TRY 6.737 billion. Revenue and EBITDA growth therefore did not translate into higher year-on-year net income. The financial comparisons use inflation-adjusted figures expressed in the purchasing power of the Turkish lira as of 30 September 2026. EBITDA is a non-GAAP financial measure.

Chief executive Dr Ali Taha Koç said corporate technology solutions and Techfin operations contributed to revenue growth, while operating performance and cost management supported the EBITDA margin. He said the results reinforced management's confidence in meeting its year-end operating profitability targets. Koç identified 5G, data centres, cloud computing and artificial intelligence as long-term investment priorities.

579,000 net mobile additions

Turkcell added 579,000 mobile subscribers on a net basis during the quarter, while its postpaid base increased by 701,000. The company ended the period with 40.6 million mobile subscribers, 3.3 million fixed-broadband subscribers and 2.7 million fibre subscribers. Mobile churn fell by 1.0 percentage point year on year to 1.6%.

The company said more balanced competition in the mobile market had begun to support the average revenue per user (ARPU) trend. Management expects the contribution from pricing changes introduced since the start of the year to become more visible from the fourth quarter. This is a forward-looking company expectation.

Superbox adds 101,000 subscribers on a net basis

The Superbox fixed wireless access service recorded 101,000 net subscriber additions. Turkcell said this was its strongest quarterly net-addition performance since the fourth quarter of 2019. It also reported its highest-ever gross new subscriber additions, but did not disclose a gross-addition figure.

Koç linked Superbox demand to 5G investment and packages for different usage needs. Turkcell's market-leadership assessment for fixed wireless access is based on second-quarter 2026 subscriber data using the Information and Communication Technologies Authority's (BTK) definition of fixed wireless (mobile) subscriptions. The bulletin did not provide an updated third-quarter market-share percentage.

Fibre coverage reaches 242,000 additional homes

Turkcell added 39,000 net subscribers on its own fibre network during the quarter and extended that network to another 242,000 homes. The share of residential fibre subscribers choosing speeds of at least 1,000 Mbps rose from 11% a year earlier to 38%.

According to the company, migration to higher-speed packages and pricing changes helped lift residential fibre ARPU by 2.7% year on year.

Digital Business Services revenue rises 65.3%

Revenue from Digital Business Services, which provides technology solutions to corporate customers, increased 65.3% year on year in the third quarter. The business accounted for 13% of consolidated revenue. Koç attributed the growth to solutions addressing companies' end-to-end digital transformation needs.

Turkcell said it is working to develop its data-centre and cloud offerings through GPU-based cloud solutions and next-generation AI infrastructure. It is also participating in international research and development projects covering 6G, AI and new digital infrastructure, with the aim of contributing to technology development and global standards.

Techfin segment revenue increased 8.9% year on year. Turkcell highlighted Paycell's contribution, particularly growth in point-of-sale and mobile-payment activities.

Active renewable-energy capacity reaches 115.5 MW

Turkcell commissioned a 16.3 MW solar power plant in Ankara during the quarter. This brought installed capacity at its ground-mounted solar plants to 175.4 MW, with active capacity at those facilities reaching 90.8 MW. Including its wind farm and other solar facilities, total active renewable-energy capacity was 115.5 MW. Installed capacity and active capacity were reported as separate measures.

The company said the investments also helped it manage energy costs. Energy expenses as a proportion of revenue fell from 2.3% in the third quarter of 2025 to 1.8% in the same period of 2026, an improvement of 0.5 percentage points.

Agreement to increase the Togg stake

In an update covering developments after the quarter ended, Turkcell said it signed a share-purchase agreement in November to raise its stake in Türkiye'nin Otomobili Girişim Grubu (Togg) from 23% to 34%. The announcement concerns the signing of an agreement; the bulletin does not state that the share transfer has been completed.

Koç described the investment as consistent with Turkcell's long-term investment strategy and digital-services capabilities. Citing October 2026 data from the Automotive Distributors and Mobility Association (ODMD), Turkcell said Togg ranked first in Türkiye's fully electric passenger-car market that month, with a 47% share of sales. The figure relates specifically to October and that vehicle category. Koç said management expects new models to support sales volumes and economies of scale, creating opportunities for long-term growth.

5G network slicing in a healthcare application

Following a remote-surgery application in the second quarter, Turkcell said it transmitted real-time video and audio from a robotic surgical system over its 5G network using network slicing in the third quarter. Koç described the application as a first in Türkiye. That first-of-its-kind description is the company's claim; the third-quarter application described in the bulletin concerns video and audio transmission.

New campus at Istanbul Financial Center

Turkcell announced an office-building investment at Istanbul Financial Center in October. It intends to bring teams from different disciplines, including technology, R&D and support functions, together on one campus to improve knowledge-sharing, operating efficiency and product development.

The company said it had begun projects intended to increase the value and utilisation of its existing property portfolio and was continuing to assess alternative options for those assets.

Customer-service integration and Turkcell One

Turkcell said its Çözüm Gücü customer-service initiative, introduced during the third quarter, integrates stores, call centres and digital channels so customers can continue transactions across different channels. The company says its AI-powered assistant Teknocan supports personalised and proactive customer service within that structure.

Turkcell One brings together platforms and services including Netflix, Disney+, YouTube Premium, Amazon Prime, HBO Max, TV+, Wonjo Kids, fizy Sesli Kitap and lifebox. Turkcell said the service allows customers to manage subscriptions through a single package and bill. The bulletin did not disclose subscriber numbers or platform-specific package and pricing details.

Ali Taha Koç elected to the GSMA Board again

Turkcell also announced that Ali Taha Koç had been elected to the GSMA Board for a second time. Koç additionally chairs the GSMA Technology Group. He said these roles offer an opportunity to contribute to work on 5G, 6G and AI and to represent Turkcell's and Türkiye's technology capabilities internationally.

Sources: Turkcell's corrected press release dated 10 November 2026; third-quarter 2026 investor results release; Turkcell's financial filing with the SEC.