VEON Reports Strong Q3 2026 Growth Driven by Digital Services and Financial Expansion
VEON reported robust third-quarter 2026 financial results, highlighted by a 17.2% year-over-year increase in total revenue to $1.31 billion. The company's strategic pivot toward digital services is yielding significant returns, with digital revenue surging 45.9% to $355 million and now comprising over 27% of the group's total revenue. This growth was bolstered by strong performance in Pakistan and expanding financial services operations. Despite margin pressures in Kazakhstan due to a VAT increase, VEON raised its full-year guidance for both revenue (16%-18%) and EBITDA (10%-12%). The company also demonstrated commitment to shareholder returns, having executed $200 million in share buybacks year-to-date. Operational stability remains high with 152.3 million mobile subscribers and a healthy net debt to EBITDA ratio of 1.05x.
Tickers: $VEON
Topics: Digital Services EBITDA Guidance Revision Revenue Growth Share Buybacks