VEON Delivers Strong Start to 2026 | 1Q26: Revenue +17.0%, EBITDA +17.7%, Digital Surges +57.7% to 25.2% of Total Revenue
VEON reported a strong start to 2026 with Q1 revenue up 17.0% YoY to $1.201 billion and EBITDA rising 17.7% to $517 million. Digital revenues surged 57.7% to $303 million, now representing 25.2% of total revenue, with a 34.6% margin. VEON revised its 2026 revenue guidance upward to 11-14% YoY, from the previous range of 9-12%, while maintaining EBITDA growth guidance of 7-10%.
Key figures
- Eps
- 0
- Eps Beat
- 0
- Revenue
- 1201000000
- Guidance
- 2026 revenue growth 11-14% YoY (up from 9-12%); EBITDA growth 7-10% YoY; Capex intensity 15-17% (up from 14-16%)
- Revenue Yoy
- 17.0%
- Capex
- 138000000
- Ebitda
- 517000000
- Total cash
- 1755000000
- Buyback amount
- 49600000
- Digital revenue
- 303000000
- Net debt to ebitda
- 1.07
- Total buyback amount
- 149600000
- Equity free cash flow
- 246000000
- Spectrum auction cost
- 239500000
- Digital revenue margin
- 34.6%
- Financial services revenue
- 135000000
AI analysis
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