VEON Ltd. Earnings Call Transcripts
Fiscal Year 2026
-
Q2 saw robust revenue and EBITDA growth, with digital businesses now driving 27% of total revenues and outperforming telecom in profitability. Full-year guidance was raised, share buybacks institutionalized, and digital expansion continues across all markets.
-
The group outlined a strategy focused on high-growth frontier markets, digital expansion, and asset-light operations, targeting 16%-19% revenue CAGR and $1B free cash flow by 2027. Country units in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan reported strong growth and digital transformation, supported by disciplined pricing and deleveraging.
-
Q3 2024 saw strong revenue growth above inflation and GDP in both USD and local currency, with digital revenues rising sharply and multiplay customer expansion. EBITDA was impacted by one-offs, but underlying growth remains robust. Guidance for 2024 was revised downward, but market share gains continue.
-
Q3 saw 7.5% revenue and 19.7% EBITDA growth year-on-year, with digital revenues up 63% and now 17.8% of group revenue. Kyivstar's Nasdaq listing and asset-light moves boosted value, while FY25 EBITDA guidance was raised to 16%-18% in local currency.
-
Double-digit revenue and EBITDA growth were driven by digital services, now over 25% of group revenues, and strong cash generation. Guidance for 2026 revenue was raised, with continued investments in Pakistan and disciplined capital allocation.