Bezeq Reports: Increase in Net Profit and Confirmation of Annual Forecast
The telecommunications company Bezeq concludes the first quarter of the year with 2.6% growth in core revenues to approximately NIS 2 billion, and reaffirms its existing annual forecasts. • At Pelephone, revenues fell by 1.3%…
Assessment
Bezeq's first quarter results show modest core revenue growth while confirming its annual guidance, signaling stability rather than breakout momentum. The contrasting performance of its subsidiaries, with Pelephone declining and yes growing, highlights shifting consumer preferences away from traditional mobile toward content services. Investors should watch whether yes can sustain its growth trajectory and whether Pelephone's decline deepens, as these dynamics will determine Bezeq's ability to maintain its current outlook.