Bezeq Reports 44% Profit Surge and Expects Strong Fourth Quarter

Bezeq Group Chairman Tomer Ravad stated that the company does not anticipate any slowdown in the fourth quarter, following a strong third-quarter financial report. Bezeq reported a 44% surge in net profit to 372 million shekels, while group revenues reached 2.17 billion shekels, marking a 1.2% increase compared to the same period last year. Following the release, Bezeq's stock rose 2.15% on the Tel Aviv Stock Exchange.

"Our exceptionally strong third quarter proves the success of the group's strategy," Ravad said in a media interview alongside Bezeq CEO Nir David and Pelephone and yes CEO Ilan Sigal. "In August, we already upgraded the group's forecasts, and we feel very comfortable with them. If there is an additional upward deviation of 10% or more, we will update again." He added that 2026 is progressing excellently, supported by acquisitions such as Wecom and a data center in Petah Tikva, alongside solid financial horizons allowing continued investments and dividend distributions despite low leverage.

Bezeq CEO Nir David highlighted the integration of artificial intelligence agents in customer service centers, noting that 3 million calls have been handled by digital representatives since the beginning of the year. Addressing the competitive fiber-optic market, David noted that ARPU (average revenue per user) has been rising and is expected to continue growing through 2029 as clients adopt advanced services on fiber infrastructure.

Ilan Sigal, CEO of Pelephone and yes, reported that Pelephone grew across all metrics in the quarter, posting a 19% increase in net profit and leading the 5G transition in Israel with 70% of customers already migrated. Meanwhile, yes has achieved three consecutive quarters of profitability following years of losses, bolstered by a strategic content and infrastructure agreement with Partner Communications.