One of Turkey’s largest technology companies Turkcellpublished a report containing data for the second quarter of 2022. During this period, the company achieved a critical growth compared to the same period of the previous year, achieving a record increase in its revenues and the number of users.
Turkcell increased the number of users by 1.2 million in 6 months!
By accelerating its growth, Turkcell Group achieved a revenue of 12.5 billion TL in the second quarter of 2022, an increase of 46.0 percent compared to the same period of the previous year. EBITDA, on the other hand, increased by 45.1 percent on a Group basis in the second quarter to reach TL 5.0 billion. Maintaining its strong operational performance, Turkcell reached 579 thousand new customers in the second quarter of the year, gaining 1.2 million new customers in the first half.
In this way, Turkcell managed to exceed the target of ‘1 million new customers every year’, which it started in 2019, in the first 6 months, as in 2021. Continuing its fiber investments without slowing down, Turkcell increased its total fiber household access to 5 million with 284 thousand new households. Turkcell, which makes high speeds of 1000 Mbps accessible to everyone thanks to its strong infrastructure, has reached 2 million fiber customers.
Digital OTT service revenues of Turkcell, which includes important brands such as TV+, Lifebox and fizy, grew by 56% year on year. The number of paid users of digital services increased by 1.1 million to reach 4.5 million. The paid users of Lifebox, a cloud storage product that stands out with its smart technologies, grew by 51 percent and reached 1.6 million. On the TV+ side, which stands out with its rich content, the number of OTT TV subscribers increased by 24 percent to 879 thousand.
Turkcell Digital Business Services, one of the leading actors in Turkey’s digitalization, increased its revenue by 85 percent on an annual basis and reached 1.1 billion TL. Digital Business Services, which has signed 840 new projects this quarter, also has a contract value of 1.7 billion TL, which will turn into revenue after the second quarter of 2022. Turkcell opened an additional 1,000 square meters of new space in the Gebze data center due to the high demand it faces in the fields of digitalization and cloud storage services.
With 7 million users, Paycell’s total transaction volume tripled on an annual basis to reach 8 billion TL. Paycell increased its revenues by 77.5 percent in the second quarter of the year compared to the same period of the previous year, to TL 199 million. The transaction volume through Paycell Card reached 6 times that of the previous year, while the total POS solutions transaction volume increased by 39 percent quarter-on-quarter to 2.9 billion TL.
Turkcell revised its 2022 expectations upwards, taking into account the successful half-year results and expectations for the rest of the year. In this context, consolidated revenue growth is expected to be over 40 percent and EBITDA is expected to be around 20 billion TL; The ratio of operational investment expenditures to income is expected to be in the range of 20-21%, in line with the expectation set at the beginning of the year.
Reinforcing its leadership in the sector with its effective growth performance and customer acquisition focus, Turkcell concluded the second quarter of 2022 with successful financial and operational results. Accelerating its sustainable growth in the second quarter of 2022, Turkcell Group; On a consolidated basis, it increased its total revenues to 12.5 billion TL, an increase of 46.0 percent compared to the second quarter of the previous year.
The company’s EBITDA increased by 45.1 percent to TL 5.0 billion. Turkcell’s net profit in the second quarter of 2022 increased by 67.0 percent and reached TL 1.9 billion. Continuing its strong customer acquisition in the second quarter of 2022, Turkcell reached a total of 1.2 million new customers as of the end of June, with 579 thousand new customers added in this quarter, exceeding its target of “1 million new customers every year” in the first 6 months.
In his assessment, Turkcell General Manager Murat Erkan said, “Inflationary pressure, increasing recession risk and the effects of the war in our region, which made itself felt strongly in the global conjuncture in the second quarter of the year, were effective in the companies’ review of their new period strategies and their policies to manage their increasing costs.
Despite such a challenging and uncertain period, we continue to offer a wide range of digital services that meet the needs of our customers and increase their satisfaction. As a result of this approach, we managed to exceed our target of ‘1 million new customers every year’ that we started in 2019 in the first six months of the year. Thanks to our innovative technology and strong brand ecosystem, our motivation to develop solutions that add value to life for our country and our customers has an important role in this successful picture.”
Digital services continue strong growth
The revenues of Turkcell Digital OTT services, which include important brands such as TV+, Lifebox, fizy and BiP, grew by 56% year on year. The number of paid users of digital services increased by 1.1 million to reach 4.5 million. Lifebox, the cloud storage product that stands out with its smart technologies, grew by 51 percent and reached 1.6 million users. On the TV+ side, which stands out with its rich content, the number of OTT TV subscribers increased by 24 percent to 879 thousand.
IP TV customers, on the other hand, grew by 23 percent to 1.2 million. Continuing to strengthen its cooperation with Turkey’s leading e-commerce platforms, BiP has 23.4 million active customer users for 3 months. Turkcell has also introduced its new package called “Business Suite”, which will fully meet the needs of its corporate customers for cloud, corporate e-mail and video conferencing solutions.
Turkcell Digital Business Services increased its revenue by 85 percent on an annual basis, reaching TL 1.1 billion. Digital Business Services, which has signed 840 new projects this quarter, has a contract value of 1.7 billion TL, which will turn into revenue after the second quarter of 2022. Turkcell opened an additional 1,000 square meters of new space in the Gebze data center due to the high demand it faces in the fields of digitalization and cloud storage services.
Pointing out that Paycell, which was developed by Turkcell in the process of widespread use of digital payment systems, is one of the most important initiatives in the field of techfin in our country, and that it is an innovative payment services platform that offers solutions to its customers in different fields, General Manager Murat Erkan continued his words on this subject as follows:
“The number of users in Paycell, which enables the digitalization of payment habits, reached 7 million and our revenues grew by 77.5 percent to 199 million TL. Transaction volume through all Paycell services tripled on an annual basis, reaching 8 billion TL. Total POS solutions transaction volume increased by 39 percent quarter-on-quarter to TL 2.9 billion. We believe that Paycell will maintain its strong momentum in the coming period, thanks to our country’s economic potential and its highly digitally literate population.”