VEON Q1 Revenue Jumps 17%, Raises 2026 Outlook on Strong Digital Growth
Summary
VEON reported a strong start to 2026, with first-quarter revenue increasing 17.0% year-over-year to $1.2 billion and EBITDA rising 17.7% to $517 million. The company's digital revenues surged 57.7%, now accounting for 25.2% of total group revenue, aligning with the company's stated digital growth strategy reaffirmed by shareholders in a recent 6-K filing. Reflecting this robust performance, VEON has raised its full-year 2026 revenue growth guidance to 11-14% from the previous 9-12%. This positive earnings report and upward revision in guidance are highly material, indicating strong operational momentum and potential for continued growth, particularly in its digital segments and key markets like Pakistan where it recently secured significant spectrum. Investors will be watching for continued execution on digital expansion and capital allocation, including its share repurchase program.
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: GlobeNewswire.