Ooredoo 9M 2026 Revenue Rises 4.3% to QAR 19.0B

In Short

Ooredoo reported its 9M 2026 results, with revenue rising 4.3% year over year to QAR 19.0 billion and EBITDA up 6.3% to QAR 8.5 billion.

What Happened: Key Financial And Operating Updates From Ooredoo

Ooredoo said its EBITDA margin increased by 0.9 percentage points to 44.7%. It reported net profit of QAR 2.9 billion, down 5.0%, and CAPEX of QAR 2.8 billion.

The company reported free cash flow of QAR 5.7 billion, up 11.2%. It also reported a total customer base of 146.5 million, including IOH.

Ooredoo highlighted progress on digital infrastructure. It said it expanded its exposure to AI infrastructure through an investment in Zankore, alongside Indosat, NVIDIA and Nokia. It described Zankore as a dedicated AI compute and neocloud platform, meaning a cloud service focused on providing the computing power used to run AI systems.

Ooredoo also said the first closing was completed for a tower transaction in Qatar and Kuwait. Towers are telecom masts that mobile networks use to provide coverage.

In Qatar, the company said it expanded its data centre platform through Syntys. It said it completed 4.5 MW of additional capacity at QData, fully contracted under a build to suit model, with a further 26 MW under construction.

Ooredoo also shared market level performance for Tunisia. It said Ooredoo Tunisia’s revenue rose 10.6% year over year to QAR 1,404 million and EBITDA increased 11.6% to QAR 603 million. It attributed the growth primarily to fixed broadband, with fixed business revenue up 62.8%.

Why It Matters

Ooredoo is tying financial growth to infrastructure buildout, including towers, data centres, international connectivity and AI compute. For markets like Tunisia, the company’s update points to stronger fixed broadband and fixed business demand as key drivers.