VEON Q4 2024 Earnings Report
Key Takeaways
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.
Total revenue increased by 4.7% YoY to $998 million.
EBITDA rose by 11.3% YoY, reaching $408 million.
Net profit for the period was $93 million, a significant recovery from last year’s loss.
Direct digital revenue grew 42.4% YoY, reaching $126 million.
VEON
VEON
VEON Revenue by Segment
VEON Revenue by Geographic Location
Forward Guidance
VEON expects underlying local currency revenue growth between 12% and 14%, and underlying EBITDA growth of 13%-15% for FY 2025, with a capex intensity between 17%-19%.
Positive Outlook
- Anticipated 12%-14% revenue growth in local currency for FY 2025.
- Projected EBITDA growth between 13%-15%.
- Capex intensity expected to remain efficient in the range of 17%-19%.
- Continued expansion of direct digital services and monetization.
- Strong growth in multiplay customers driving higher ARPU and lower churn.
Challenges Ahead
- Geopolitical risks in key markets such as Ukraine and Bangladesh.
- Macroeconomic headwinds and currency volatility could impact profitability.
- Increased competition across digital and telecom sectors.
- Higher network investments could pressure short-term margins.
- Potential regulatory changes in operating regions may affect operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income