Veon Lifts 2026 Revenue Growth Outlook to 11-14% on Strong Q1 Performance
VEON sits 45% above its 52-week low of $34.55 on elevated volume (2.9× avg).
Summary
VEON has significantly raised its full-year 2026 revenue growth outlook to 11-14% in U.S. dollar terms, up from the previous 9-12% forecast. This positive revision follows a strong first quarter, where revenue increased 17% to $1.1 billion and EBITDA rose 17.7% to $517 million, partly boosted by a softer U.S. dollar which increased the value of local currency earnings. The company also highlighted robust digital business growth, with digital revenue jumping 57.7% to $303 million. This guidance upgrade, building on the strong Q1 results reported earlier today, signals improved operational performance and favorable macroeconomic tailwinds, which is a material positive for the stock. VEON also noted it is open to floating more shares in its Ukrainian mobile operator Kyivstar (KYIV) but intends to retain control, providing potential future fundraising flexibility.
At the time of this announcement, VEON was trading at $50.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.4B. The 52-week trading range was $34.55 to $64.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.