Kyivstar Group Raises Full-Year Outlook Amid Strong Q2 Performance
Kyivstar Group reported a strong second-quarter performance, with revenue rising 19% year-over-year to $339 million and EBITDA increasing by nearly 14% to $188 million. The company raised its full-year outlook for the second time due to robust growth in digital services and telecom operations. Digital revenue surged 83% to $74 million, now accounting for over a fifth of total revenue. Despite a slight decline in mobile subscribers by 3%, Kyivstar emphasized higher-value customers with increased ARPU (up more than 11%) and lower churn rates. Multi-play customer growth rose 24%, contributing to better financial performance across bundled services like fixed broadband, TV, and digital applications. The company is also expanding its ecosystem through mobility platforms such as Uklon and healthcare initiatives. Kyivstar's CEO highlighted the resilience of telecom operations alongside strategic investments in AI, Starlink, and renewable energy projects. However, net profit fell 6% due to a $21 million non-cash warrant valuation charge.
Topics: digital_services_growth financial_performance telecom