Partner Communications Reports 17% Net Profit Growth in Q2 Driven by Cellular and TV Services

Partner Communications announced a 2.6% increase in revenues for the second quarter, reaching 790 million shekels excluding interconnect fees. The company’s operating profit surged 17.5% to 121 million shekels, with adjusted EBITDA rising 3.6% to 314 million shekels. Net profit grew by 16.7% to 84 million shekels. Service revenues increased by 1% to 650 million shekels, while equipment sales jumped 10.2% to 104 million shekels.

Breaking down by segment, cellular revenues rose 2.1% to 346 million shekels, with adjusted EBITDA in cellular climbing 3.4% to 183 million shekels. The number of cellular subscribers grew 2.9% to 2.65 million, including a 46.2% surge in 5G subscribers to 1.01 million. Churn rate slightly increased to 4.6% from 4.5% year-over-year, and average revenue per user (ARPU) remained steady at 43 shekels per month.

Fixed-line service revenues declined 0.6% to 322 million shekels, but adjusted EBITDA rose 4% to 131 million shekels. Internet subscribers increased 3.7% to 500,000, mostly on fiber optic lines (480,000, up 6.2%). However, Partner’s own fiber subscribers fell 1% to 285,000, while third-party infrastructure subscribers rose 18.9% to 195,000. Internet ARPU increased 3.2% to 96 shekels monthly. Television subscribers grew 6.5% to 212,000.

Partner CEO Avi Gabay expressed satisfaction with the ongoing improvements and subscriber growth across all services, attributing success to excellent service, quality infrastructure investments, and valuable products. He also highlighted the company’s continued investment in artificial intelligence to enhance service capabilities and employee productivity.