Jazz Pakistan sees over 20% revenue growth in Q2 2019

Jazz Pakistan, the largest telecom operator in Pakistan (based on the number of subscribers) has reported total revenue growth of 20.5% year on year in the second quarter of 2019.

According to the financial results of Q2 2019, Jazz Pakistan has seen a solid growth in its revenue which can be credited to the increased number of telecom users who now rely on mobile data for their internet needs.

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This surge in data usage resulted in 58.8% of data revenue growth for Jazz Pakistan in the said time period. Additionally, the number of JazzCash’s (the mobile banking platform of Jazz) subscribers with 30-day active wallet have also increased to 5.7 million, translating into an increase of 36% revenue generated by the company’s financial services.

The overall financial report represents a steady growth of 7.7% from the first quarter of 2019 creating a total revenue of PKR 1.9 billion. The telco is also enjoying a 7.2% increase in its customer base from the same period last year and provides data coverage in more than 225 cities across Pakistan.

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