The following is a summary of the Turkcell Iletisim Hizmetleri A.S. (TKC) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Turkcell reported a third quarter revenue of TRY 40.2 billion, a 7% increase year-on-year, primarily driven by strong ARPU performance and solid subscriber additions.

• EBITDA rose 10% to TRY 17.8 billion, translating to a robust EBITDA margin of 44.2%.

• Net income for the quarter stood at TRY 14.3 billion, benefiting notably from the divestment of Ukrainian assets.

Business Progress:

• The company has successfully divested its Ukrainian assets, enhancing shareholder value.

• Turkcell launched its first solar energy field and has made significant investments in sustainability.

• They added 515,000 new postpaid subscribers and reported growth in the fixed broadband sector with a focus on high-speed fiber services.

Opportunities:

• The continuous growth and investment in digital services and solutions, particularly in IPTV, establish Turkcell as a key player in the digital entertainment sector.

• With ongoing enhancements and expansions in data centers and cloud services, Turkcell is positioning itself strategically to meet increasing regional demand.

• The company's Techfin segment, which includes Paycell, is showing promising growth in revenues and transaction volumes, further diversifying Turkcell's revenue streams.

Risks:

• Aggressive pricing and campaigns by competitors have driven up market churn rate to 2.2%, reflecting heightened competitive pressures that may impact customer loyalty and revenue stability.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.