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Bezeq Reports Strong Profit Growth Driven by Yes, Despite Internet Customer Decline
Bezeq Group reported a 44% surge in net profit to NIS 372 million for Q3 2026, driven by strong performance from its TV subsidiary Yes and reduced expenses. Yes achieved its highest profit in a decade, while Bezeq Fiber and Pelephone also saw profit increases.
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What happened
- 01Bezeq Group's Q3 2026 net profit rose 44% to NIS 372 million, with revenues up 1.2% to NIS 2.17 billion.
- 02Yes, Bezeq's TV unit, reported its highest profit in a decade, with revenues up 15% and EBITDA up 51%.
- 03Bezeq lost 48,000 retail internet customers in the past year, reducing its base to 942,000.
- 04Bezeq Fiber's net profit increased 32% to NIS 283 million, and Pelephone's profit rose 19% to NIS 44 million.
- 05The company maintained its full-year 2026 adjusted net profit forecast at NIS 1.15-1.2 billion.
However, the company experienced a decline in retail internet customers, losing 48,000 subscribers in the past year. Bezeq maintained its annual profit forecast of NIS 1.15-1.2 billion.
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