Tehran Index: research terminal for Iran's digital economy

Yektanet filed audited consolidated accounts on 4 November 2026, and it also publishes its own estimate of the market it sells into, covering the same twelve months. Group operating revenue for the year to 20 March 2026 was 2,689.5 billion toman, up 43.0 per cent, on an operating margin of 15.2 per cent in both years, through a war, a nationwide internet shutdown and the start of a second war. The market, on the company's own estimate, was 32,200 billion toman, so the revenue is about 8.4 per cent of it, and whether that is a share of advertiser spend turns on a revenue note nobody has read. Of 4,212 public facts across 370 public company records, 200 sit on the ten advertising and adtech records in the registry, and Yektanet is the only one of the ten that publishes what it earns. The filing also names twenty five group entities, one of which closes a gap on our own record.

TI Weekly, edition 010. Digikala’s average seller sold 1.2 billion toman in the year to March 2026, Aparat’s chief executive puts creators’ earnings at 326 billion toman, Vaib extends purchase credit to Social Security pensioners, Sepidar unveils a cloud edition, the Shetab card network moves to version 8 with online refunds, and our analysis reads what these averages show and hide.

About 1.3 per cent of the value of what Iranians buy goes on a credit card, against roughly a quarter worldwide, so the country went straight to instalment credit and the instalment lender does the credit scoring itself. Snapp Pay, the largest of them, has now published its own operating and credit data for the twelve months to 22 September 2026: 175 million credit orders, 74,700 merchants, more than 98.5 per cent of instalments ultimately repaid and under 2 per cent unpaid at 90 days. Of 4,170 public facts across 386 public company records in the Tehran Index registry, five carry a repayment or default rate for an Iranian consumer lender, and three of the five arrived with this report.