Quarterly ResultMay 13, 2026, 12:05 AM
Kyivstar 1Q26 Revenue +26.6% to $323M; Raises 2026 Outlook
AI Summary
Kyivstar Group Ltd. reported a robust start to 2026, with total revenue increasing 26.6% year-on-year to USD 323 million and EBITDA rising 23.5% to USD 173 million. Digital revenues more than doubled, growing 256.6% to USD 67 million and now representing 20.9% of total revenue. Following this strong performance, the company has revised its 2026 outlook upwards, now expecting USD revenue growth of 11%-14% and EBITDA growth of 7%-10%. Strategic developments included expanded cooperation with SpaceX, consolidation of Tabletki.ua, and the acquisition of internet service provider Shtorm.
Key Highlights
- Total revenue increased 26.6% YoY to USD 323 mn (UAH 13.9 bn) in 1Q26.
- EBITDA rose 23.5% YoY to USD 173 mn (UAH 7.5 bn) with a 53.5% margin.
- Net profit for 1Q26 was USD 85 mn, with EPS of USD 0.37.
- Digital revenues grew 256.6% YoY to USD 67 mn, representing 20.9% of total revenue.
- Multiplay customers increased 31.6% YoY to 8.1 mn, 39.6% of active mobile customers.
- Kyivstar raised its 2026 outlook, expecting USD revenue growth of 11%-14% and EBITDA growth of 7%-10%.
- Expanded cooperation with SpaceX to include resale of Starlink high-speed internet services for business.
- Strengthened digital ecosystem by consolidating Tabletki.ua (healthcare) and acquiring ISP Shtorm, adding 52,000 customers.