BYD extends lead over Tesla in U.K. electric vehicle market
Investing.com -- Saudi Telecom reported third-quarter turnover of SAR 19,264 million, which was 1% below consensus estimates, while EBITDA of SAR 6,208 million fell 1.5% short of average analyst forecasts.
The telecommunications group showed a gradual improvement in turnover growth throughout 2025, with rates increasing from 1.6% in the first quarter to 2.3% in the second quarter, and further accelerating to 3.3% in the third quarter.
EBITDA growth including non-recurring items declined to -9% in the third quarter, a significant drop from the positive growth of 5% and 7% seen in the first and second quarters respectively. However, adjusted EBITDA showed a 6% year-over-year increase in the third quarter.
The company’s business in the Kingdom of Saudi Arabia demonstrated strengthening performance, with growth accelerating to 4.8% in the third quarter after posting 2.6% growth in the first quarter and 1.5% in the second quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.