- Consolidated revenues for the first nine months of 2026 reached AED 57.6 billion, an increase of 10.0 per cent YoY
- Consolidated net profit for the first nine months of 2026 reached AED 17.2 billion, up 45.9 per cent YoY
- Group subscriber base reached 254.8 million
- Group marks 50 years by taking the etisalat name forward into a new era of growth
ABU DHABI, UAE, Oct. 28, 2026 /PRNewswire/ -- etisalat today announced its Q3 2026 consolidated financial results, reporting consolidated revenue of AED 19.5 billion, growing 6.9 per cent year-over-year (YoY). Consolidated revenues for the first nine months of 2026 reached AED 57.6 billion, up 10.0 per cent YoY. Consolidated net profit in Q3 reached 11.2 billion, while consolidated net profit for the first nine months of 2026 reached AED 17.2 billion, up 45.9 per cent YoY, reinforced by continued progress in building higher-value capabilities across connectivity, sovereign digital infrastructure and AI and by disciplined portfolio management.
In Q3, EBITDA rose by 5.1 per cent YoY, reaching AED 9.0 billion with a margin of 46.1 per cent. For the first nine months of 2026, EBITDA reached AED 26.7 billion, a growth of 10.3 per cent YoY, with a margin of 46.4 per cent.
etisalat's total subscriber base reached 254.8 million in Q3 2026, representing 29.4 per cent YoY growth. In the UAE, subscribers rose 5.2 per cent YoY to 16.5 million, driven by strong demand for advanced digital services and intelligent connectivity.
Financial Highlights
| | Q3 2025 | Q3 2026 | %Change | 9M 2025 | 9M 2026 | %Change |
| Consolidated Revenues | AED 18.2bn | AED 19.5bn | 6.9 % | AED 52.4bn | AED 57.6bn | 10.0 % |
| Consolidated Net Profit* | AED 3.0bn | AED 11.2bn | 276.2 % | AED 11.8bn | AED 17.2bn | 45.9 % |
| EBITDA | AED 8.5bn | AED 9.0bn | 5.1 % | AED 24.2bn | AED 26.7bn | 10.3 % |
| Earnings per Share | AED 0.34 | AED 1.29 | 276.2 % | AED 1.36 | AED 1.98 | 45.9 % |
| Total Group Subscribers | 197.0 million | 254.8 million | 29.4 % | 197.0 million | 254.8 million | 29.4 % |
| etisalat UAE Subscribers | 15.7 million | 16.5 million | 5.2 % | 15.7 million | 16.5 million | 5.2 % |
Q3 2025
Q3 2026
%Change
9M 2025
9M 2026
%Change
Consolidated Revenues
AED 18.2bn
AED 19.5bn
6.9 %
AED 52.4bn
AED 57.6bn
10.0 %
Consolidated Net Profit*
AED 3.0bn
AED 11.2bn
276.2 %
AED 11.8bn
AED 17.2bn
45.9 %
EBITDA
AED 8.5bn
AED 9.0bn
5.1 %
AED 24.2bn
AED 26.7bn
10.3 %
Earnings per Share
AED 0.34
AED 1.29
276.2 %
AED 1.36
AED 1.98
45.9 %
Total Group Subscribers
197.0 million
254.8 million
29.4 %
197.0 million
254.8 million
29.4 %
etisalat UAE Subscribers
15.7 million
16.5 million
5.2 %
15.7 million
16.5 million
5.2 %
- Net Profit adjusted for Vodafone gain in Q3 2026 is AED 3.2bn and EPS AED 0.37
- Net Profit adjusted for Vodafone gain in 9M 2026 is AED 9.2bn and EPS 1.06
The quarter also saw the completion of etisalat's sale of its entire stake in Vodafone Group, generating total consideration of AED 21.9 billion, including the final dividend and gain of approximately AED 8.0 billion. The transaction contributed to the group's financial performance during the quarter, providing additional financial flexibility.
As etisalat marks its 50th anniversary, it has set out a new vision to become a leading AI-powered and enabling telco and moved forward under the etisalat name, symbolising the central role of connectivity in the AI era. This ambition builds on the capabilities developed across digital services, cloud, cybersecurity, AI, infrastructure and fintech, bringing them into sharper focus around our strong telecommunications foundation with AI at its core.
Building on UAE's ambition to become a global hub for advanced technology and AI, etisalat plans to expand its international connectivity capacity to more than 500 terabits per second (Tbps) by 2030, an increase of over twenty-five times of the current capacity, in addition to developing diverse routes designed to enhance connectivity efficiency and reliability, delivering advanced, low-latency performance. This reiterates the importance of the digital infrastructure as a fundamental pillar for supporting emerging technologies and enabling a knowledge-based, innovation-driven economy.
Masood M. Sharif Mahmood, Group CEO of etisalat, said: "Our performance in Q3 2026 underscores the resilience of our business model and the discipline with which we are turning growth opportunities into tangible results. Consolidated revenue reached AED 19.5 billion, an increase of 6.9 per cent YoY, while EBITDA reached AED 9.0 billion, up 5.1 per cent, with an EBITDA margin of 46.1 per cent. These results reflect the strength of our core connectivity business and the discipline of our execution. Combined with our focus, these strengths underpin our confidence in our ability to excel and create long-term value to our stakeholders"
Masood added: "Over the past several years, etisalat has built an integrated portfolio of broad range of advanced capabilities across AI, cloud computing, cybersecurity, digital services, and fintech. Today, as AI is integrated more deeply into core enterprise and government operations, the foundational connectivity, compute, and secure infrastructure powering it become more critical. With the group firmly establishing itself as a key enabler, we will continue to provide the secure digital infrastructure and ultra-fast connectivity that power this wide-reaching transformation."
He continued: "This gives the etisalat brand, which means 'communications', a renewed purpose with a new and deeper meaning. Connectivity is no longer just about moving data, for us. It is about enabling the modern digital economy by building and operating the infrastructure and intelligent platforms that will define the future."
Masood concluded: "etisalat has proven its ability to create sustainable value and to translate technological progress into direct, tangible commercial and economic impact. Building on decades of strategic achievements, enduring customer relationships, strong operational efficiency and infrastructure designed for maximum readiness and reliability, we remain focused on enabling the networks of the future, anchoring the region's digital economies, and cementing the UAE's position at the heart of the global digital economy. As etisalat embarks on its next fifty years journey, we renew our commitment to build on the UAE leadership's forward-looking vision and to continue investing with full confidence to compete and lead on the global scale."
Contact
Nancy Sudheer
nsudheer@etisalat.ae
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
etisalat achieves record 9M 2026 performance as consolidated net profit rises 46% YoY to AED 17.2 billion
etisalat achieves record 9M 2026 performance as consolidated net profit rises 46% YoY to AED 17.2 billion
SHENZHEN, China, Oct. 27, 2026 /PRNewswire/ -- Following the global launch of the vivo X500 Series, Kolder Creative has released a smartphone filmmaking masterclass featuring the X500 Pro Max. The ten-video course builds on vivo's creative partnership with filmmaker Sam Kolder and follows the creation of a single vertical Reel from filming to final export. Through demonstrations of the X500 Pro Max's imaging capabilities and insights into Kolder's creative decisions, the masterclass aims to help more creators use smartphones for cinematic storytelling.
Putting Creative Possibility into Practice
Co-engineered with ZEISS, the newly launched vivo X500 Series combines an advanced ZEISS Telephoto Lens System with cinematic video capabilities, giving creators the flexibility to capture different perspectives and shape their visual stories. In the masterclass, Kolder uses the X500 Pro Max to demonstrate how camera settings, framing, and editing choices contribute to a finished film.
The collaboration reflects vivo's user-oriented approach to innovation and its mission to create value through technology. Through practical filmmaking education, vivo helps creators learn to use its imaging tools and develop their own approach to visual storytelling.
"We believe smartphones should be a first choice for creative expression, not a second-best option for professional filmmaking. Together with Sam Kolder, we want to challenge that perception and give more creators the freedom to tell their stories," said Yu Meng, Vice President and Head of Imaging at vivo. "By combining the imaging capabilities of the vivo X500 Series with practical filmmaking education through Kolder Creative, we aim to help creators focus less on the complexity of their equipment and more on the people and moments they want to capture."
A Filmmaker's Perspective, Shared Step by Step
Known for cinematic travel and adventure films defined by distinctive transitions and immersive storytelling, Sam Kolder shares the techniques and thinking behind his work through Kolder Creative. The platform offers learners a closer look at his filmmaking process, connecting technical instruction with practical creative experience.
The masterclass extends Kolder's collaboration with vivo following "The Garden Route", a cinematic short film shot entirely on vivo X300 Ultra. Through practical instruction, he shares the creative decisions behind his filmmaking, helping aspiring creators understand how individual shots come together to tell a cohesive story.
Across one introductory video and nine lessons, Kolder guides learners through creating a vertical Reel, a short-form social media video. The course covers native camera controls, composition, footage selection, editing, sound design, color grading, and export. Each stage builds on the same project, showing how individual techniques contribute to the finished film.
"The technology has finally caught up in the world of film. A phone now does what used to take a bag of gear," said Sam Kolder. "This course is an inside look at how I turn mobile footage into a cinematic film, start to finish, so people can see every decision along the way."
Building a Reel with Intention
Using vivo's native camera app, Kolder explains how technical choices support the story he wants to tell. He demonstrates Log recording for greater flexibility in color grading, shows how frame rate and shutter settings affect the appearance of movement, and explains how neutral-density (ND) filters help control exposure. Practical comparisons show the effect of each choice and when creators might use it.
Kolder also explores the composition within the vertical 9:16 frame. Using examples from the project, he shows how close-ups, medium shots, and wider views add variety and form complete sequences. He starts with a broad story direction while remaining open to unexpected moments during filming and new possibilities during editing.
In DaVinci Resolve, a video-editing and color-grading application, learners see how he organizes and selects footage and builds a narrative around voiceover and music. Matching movement between shots creates fluid connections, while sound design adds atmosphere and presence. Color grading follows an approachable workflow using look-up tables (LUTs) and adjustment nodes that allow shots to be refined.
To support hands-on learning, the course includes the Reel's final soundtrack and offers a 50% discount to Filmkid LUTs, which Kolder uses in his grading demonstrations, and a 50% discount to LUTs by Bryn North, a fellow filmmaker and Kolder collaborator. Together with guidance on exporting vertical social video, the masterclass gives learners a complete workflow in which they can apply to their own stories.
Cinematic Tools Built Around the Creative Process
vivo X500 Pro Max brings together imaging capabilities that support the creative principles explored throughout the masterclass. Its 200 MP ZEISS APO Telephoto Camera gives creators tighter framing options, complementing the course's emphasis on capturing varied shot sizes and building complete sequences from different perspectives.
For creators working with color in post-production, Cinematic Pro Log Video on the ZEISS TrueDynamic Main Camera provides a flexible foundation. A dedicated Log curve, specifically tuned to the camera's 17 EV ultra-high dynamic range, preserves rich highlight and shadow detail and subtle tonal gradation, giving creators greater scope to shape the final image through the LUT-and-node workflow demonstrated in the course. DaVinci Resolve natively supports vivo Log and vivo Wide Gamut, enabling a more seamless integration into professional color-grading workflows and refine color, contrast, and tonal expression in post-production.
Multi-Focal 4K 120 fps recording and the main camera's native 4K 240 fps recording expand the possibilities for capturing movement and creating slow-motion footage. A 7800 mAh BlueVolt Battery and 90W FlashCharge support the demands of filming on location, helping creators stay ready as scenes unfold and conditions change.
Through the masterclass, vivo and Kolder Creative show how a smartphone can serve as the primary camera for a complete filmmaking project. By explaining the technical process and creative decisions behind a finished Reel, the collaboration helps learners approach their own projects with greater intention and confidence.
The ten-video vivo x Kolder Creative smartphone filmmaking masterclass is available from November 9, 2026 via https://www.koldercreative.com/.
About vivo
vivo is a technology company that creates great products based on a user-oriented value, with smart devices and intelligent services as its core. The company aims to build a bridge between humans and the digital world. Through unique creativity, vivo provides users with an increasingly convenient mobile and digital life. Following the company's core values, which include Benfen*, user-orientation, design-driven value, continuous learning and team spirit, vivo has implemented a sustainable development strategy with the vision of developing into a healthier, more sustainable world-class corporation.
While bringing together and developing the best local talents to deliver excellence, vivo is supported by a network of R&D centers in Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai, Xi'an and more cities, focusing on the development of state-of-the-art consumer technologies, including 5G, artificial intelligence, industrial design, imaging system and other up-and-coming technologies. vivo has also set up an intelligent manufacturing network (including those authorized by vivo), with an annual production capacity of nearly 200 million smartphones. As of now, vivo has branched out its sales network across more than 60 countries and regions, and is loved by nearly 600 million users worldwide.
*"Benfen" is a term describing the attitude on doing the right things and doing things right – which is the ideal description of vivo's mission to create value for society.
Stay informed of latest vivo news at https://www.vivo.com/en/about-vivo/news
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
vivo x Kolder Creative: New Smartphone Filmmaking Masterclass Featuring vivo X500 Pro Max
vivo x Kolder Creative: New Smartphone Filmmaking Masterclass Featuring vivo X500 Pro Max
vivo x Kolder Creative: New Smartphone Filmmaking Masterclass Featuring vivo X500 Pro Max
vivo x Kolder Creative: New Smartphone Filmmaking Masterclass Featuring vivo X500 Pro Max
