VEON Raises 2026 Outlook as Digital Revenue Surges 53.6% in Q2
VEON sits 27% above its 52-week low of $42.6.
Summary
VEON delivered a strong Q2 with digital revenue jumping 53.6% YoY to $342 million, now 26.9% of group revenue. Total revenue grew 17% to $1.27 billion, and EBITDA rose 6.2% to $552 million. Management raised full-year guidance: revenue growth now 15-18% (from 11-14%) and EBITDA growth 9-12% (from 7-10%). The company also announced plans to cancel at least $100 million in repurchased shares annually, signaling confidence in cash generation. Additionally, VEON raised its 2026 revenue and EBITDA outlook. This follows a series of positive developments including a $1.4 billion bond refinancing and digital ecosystem expansion.
At the time of this announcement, VEON was trading at $54.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.5B. The 52-week trading range was $42.60 to $64.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.