Quarterly ResultJul 31, 2026, 12:13 AM
VEON Raises 2026 Outlook; Digital Revenue Climbs 53.6% in Q2
AI Summary
VEON Ltd. reported strong second-quarter 2026 results, with total revenue increasing 17.0% to $1,271 million and EBITDA growing 6.2% to $552 million. Digital revenue was a key highlight, surging 53.6% to $342 million and now accounting for 26.9% of group revenues. Based on this performance, the company raised its full-year 2026 revenue growth guidance to 15%-18% and EBITDA growth guidance to 9%-12%. Additionally, VEON announced plans to cancel a minimum of $100 million in repurchased shares and ADSs annually and completed a $1.4 billion bond offering to refinance debt.
Key Highlights
- Digital revenue climbed 53.6% YoY to $342 million, representing 26.9% of Group revenues.
- Total revenue reached $1,271 million, an increase of 17.0% YoY.
- EBITDA grew 6.2% YoY to $552 million.
- 2026 revenue growth guidance raised to 15%-18% (previously 11%-14%).
- 2026 EBITDA growth guidance raised to 9%-12% (previously 7%-10%).
- Equity Free Cash Flow (after leases and license) was $74 million in 2Q26.
- $82.5 million repurchased under the current $100 million securities repurchase program.
- VEON intends to cancel a minimum of $100 million of repurchased shares and ADSs annually.
Price Impact
More from VEON