)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
XL Axiata (EXCL) investor relations material
XL Axiata Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
First full quarter post-merger, with strong operational and financial momentum across all business segments.
Revenue up 38% year-on-year and 9% quarter-on-quarter, driven by improved subscriber quality, ARPU growth, and successful integration.
Integration milestones include national roaming for Smartfren, launch of centralized service operations, and significant site consolidation.
Synergy realization on track, with $150–$200 million expected in 2025 and $300–$400 million annual run-rate post-integration.
Financial highlights
Revenue reached IDR 11.5 trillion, up 38% year-on-year and 9% quarter-on-quarter, reflecting full consolidation of Smartfren.
Normalized EBITDA at IDR 5.4 trillion, up 24% year-on-year and 9% quarter-on-quarter; normalized EBITDA margin stable at 47%.
Reported PAT was a loss of IDR 1.38 trillion, but normalized PAT turned positive at IDR 1.15 trillion after adjusting for one-off integration and depreciation costs.
OpEx increased 66% year-on-year and 10% quarter-on-quarter to IDR 6.6 trillion, reflecting scale and integration activities.
Data traffic grew 53% year-on-year and 2% quarter-on-quarter to 3.9 exabytes; blended ARPU rose 10% quarter-on-quarter to IDR 38,900.
Outlook and guidance
Full-year 2025 revenue expected to grow 20–25% year-on-year, in line with market.
EBITDA margin projected to remain in the low to mid-40% range.
Capitalized CapEx for 2025 guided at IDR 10 trillion, with total PO issuance still around IDR 20–25 trillion.
Synergy guidance revised upward to $150–$200 million for 2025, with full synergy potential of $300–$400 million annually pre-tax post-integration.
Integration and modernization expected to complete by 2026, with normalized CapEx returning to mid-teens percentage of revenue thereafter.
Impact of IT system unification on synergies
How will ARPU growth impact subscriber base
Rationale for current year dividend distribution
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next XL Axiata earnings date
Q4 20255 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
PT XL Axiata Tbk is a telecommunications company in Indonesia. The company's business solutions span mobile communication, fixed connectivity, cloud & data center services, and the Internet of Things, aiming to deliver comprehensive digital solutions. On the consumer front, XL Axiata offers a variety of products including XL Prepaid, XL Prioritas, XL Home, and AXIS, along with services for SIM card registration. XL Axiata is headquartered in Jakarta, Indonesia, and its shares are listed on the Indonesia Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage