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Telecoms giant MTN has posted a strong quarterly performance for the period ended 31 March 2025, driven largely by a surge in data and fintech revenue.
According to the company’s latest quarterly update, group service revenue rose by 10.4 percent marking a 19.8 percent increase on a constant currency basis.
The growth was supported by robust performance in its data and fintech segments, which helped offset flat voice revenue.
Data revenue grew significantly by 17.9 percent (or 28.7 percent constant currency), supported by an 9.1 percent increase in active data subscribers to 161.7 million and a substantial 30.4 percent rise in data traffic to 5,677 petabytes.
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Fintech also proved a major driver of revenue growth. Fintech revenue jumped 17.2 percent, with constant currency growth at 25.2 percent .
This performance was underlined by a 13.9 percent increase in fintech transaction volumes to 5.5 billion, and an impressive 48.9 percent surge in transaction value to $95.3 billion.
Active Mobile Money (MoMo) monthly users grew modestly by 1.1 percent, reaching 62.2 million.
In contrast, voice revenue remained broadly flat, dipping by 0.1 percent, though it still saw a 9.8 percent increase in constant currency terms, highlighting ongoing challenges in traditional telecoms services.
Overall, MTN’s subscriber base grew by 4.7 percent, totalling 296.8 million users across its markets.
