VEON Earnings Reports

VEON outperformed in the third quarter, supported by solid growth in digital revenues, margin expansion, and key strategic milestones such as the Kyivstar listing.

VEON delivered a robust Q1 2025 with 8.9% YoY revenue growth and a significant boost in EBITDA, driven by a 50.2% rise in direct digital revenue. The company's net income rose 50.9%, supported by strong performance in Pakistan and Ukraine.

In Q4 2024, VEON achieved total revenues of $998 million, representing a 4.7% year-over-year increase. EBITDA grew to $408 million, up 11.3% from the previous year. The company reported a net profit of $93 million for the quarter. Strong direct digital revenue growth and increased 4G user penetration were key performance drivers.