Jazz, Pakistan\u2019s leading digital operator and a part of the VEON Group, reported a 20.3% year-on-year revenue growth in Q1 2025, driven by continued digital diversification and disciplined cost management.<\/p>\n
During the quarter, Jazz<\/a> invested PKR 9.5 billion\u2014marking a 78.4% year-on-year increase\u2014to expand 4G capacity and scale its digital platforms. This performance was delivered despite persistent macroeconomic and policy headwinds impacting the telecom sector.<\/p>\n Direct digital revenues grew 49.5% YoY, contributing 27.7% to total revenue, driven by strong fintech and digital services performance and Jazz\u2019s strategic shift to platform-based models. With over 20.6 million monthly active users, Pakistan\u2019s leading fintech JazzCash<\/a> processed a gross transaction value of PKR 10.7 trillion during the last twelve months as of March 2025.<\/p>\n Its extensive network, comprising 121,000 active agents and over 340,000 active merchants, has facilitated considerable digitalization of society, with approximately 142,000 digital loans<\/a> issued daily. Mobilink Bank<\/a> also delivered a strong performance, recording 25.5% revenue growth.<\/p>\n Among digital verticals, Tamasha\u2014Pakistan\u2019s largest homegrown streaming platform\u2014grew 37.6% year-on-year to 16.5 million MAUs, driven by exclusive cricket content, including over 57 live match days across the ICC Champions Trophy, PSL, and major bilateral series. SIMOSA, Jazz\u2019s Sim-Care, Lifestyle & Social app, grew to 20.9 million MAUs, with its new social community attracting 1 million users within 23 days of launch in Q1 2025.<\/p>\n