Financial Performance - VEON delivered strong revenue growth of 7.5% in USD and 11% in local currency (LCY), outpacing inflation at 8.4%[11] - EBITDA grew by 19.7% in USD and 24.2% in LCY[11, 20] - Direct digital revenues increased significantly by 63.1% in USD, representing 17.8% of total revenues[11] - LTM equity free cash flow (FCF) reached $584 million, demonstrating sustained FCF momentum[12, 13] - Earnings per ADS increased by 73.6% to $7.81 for 9M25 and by 60.2% to $8.89 for LTM[13] Digital Growth and Strategy - Digital engagement is accelerating, surpassing mobile engagement in monthly usage[12] - VEON is integrating AI-powered features into its digital applications[12] - The company is committed to the combined power of DO1440 and AI1440[12] - Total digital monthly active users (MAU) reached 143.3 million, a 39.3% year-over-year increase[28] Strategic Initiatives - VEON completed the sale of its Kyrgyzstan business[12] - The company is advancing infrastructure monetization across all markets[12] - VEON pioneered Direct to Cell satellite connectivity in its markets[12] - A new buyback plan of up to $100 million of ADS and/or bonds was announced[12] Regional Performance - Pakistan's total revenue increased by 14.6% in LCY, with direct digital revenue up by 28.5%[24] - Ukraine's total revenue grew by 21.1% in LCY, with direct digital revenue increasing 5.3x[24] - Kazakhstan's total revenue increased by 6.7% in LCY, with direct digital revenue up by 43.1%[24] - Uzbekistan's total revenue increased by 9.3% in LCY, with direct digital revenue increasing 2.4x[24]

Core Insights - VEON has raised its EBITDA outlook for 2025, reflecting strong operational momentum and robust revenue growth [4][10] - The company reported a significant increase in direct digital revenue, which grew by 63% year-on-year, contributing to overall revenue growth [4][5] Financial Performance - VEON's Q3 2025 revenue reached USD 1,115 million, representing a 7.5% year-on-year increase [4][7] - EBITDA for the quarter was USD 524 million, marking a 19.7% year-on-year growth, with an EBITDA margin of 47.0% [4][6] - Direct digital revenues accounted for 17.8% of total revenue, amounting to USD 198 million [7][10] Strategic Developments - The company has successfully completed a USD 200 million bond issuance and received cash proceeds from the listing of Kyivstar Group and the sale of its Kyrgyzstan operations [8][9] - VEON has established JazzCash as a standalone entity and advanced its AI1440 strategy to enhance digital services [9][12] - A non-exclusive global framework agreement with Starlink has been signed, positioning VEON as the first operator with a multi-country Direct to Cell partnership [4][9] Capital Management - VEON's Board of Directors has authorized a buyback program for up to USD 100 million of the company's ADSs and/or outstanding bonds [11][12] - The company maintains a strong liquidity position with USD 1.7 billion in cash and cash equivalents [7][10] Future Outlook - VEON expects local currency EBITDA growth of 16% to 18% year-on-year for 2025, with total revenue growth in USD terms projected at 7% to 8% [10][12] - The company remains optimistic about its growth trajectory, supported by a disciplined capital allocation policy and expanding digital services [12][14]

Core Insights - Kyivstar Group Ltd reported a strong financial performance in Q3 2025, with total revenue growth of 20.9% year-over-year, reaching UAH 12.3 billion (USD 297 million) [3][10] - The company's EBITDA increased by 21.5% year-over-year to UAH 7.1 billion (USD 171 million), with an EBITDA margin of 57.6% [4][10] - Digital revenue surged by 531% to UAH 1.5 billion (USD 35 million), now accounting for nearly 12% of total revenues, driven by the acquisition of Uklon [5][10] Financial Performance - Total revenue grew to UAH 12.3 billion, reflecting a 20.9% increase YoY, and a 19.8% increase in USD terms [3][10] - EBITDA rose to UAH 7.1 billion, marking a 21.5% YoY growth, with a 20.4% increase in USD terms [4][10] - Adjusted net profit was reported at USD 73 million, excluding a non-cash charge of USD 162 million related to the company's listing [10] Digital Strategy - Direct digital revenue reached UAH 1.5 billion, contributing 11.9% to total revenue, supported by the integration of Uklon [5][10] - The number of multiplay users increased by 24.8% YoY to 6.6 million, representing 31.7% of one-month-active mobile customers [5][10] - Digital monthly active users (MAUs) grew by 49.4% to 13.5 million, indicating strong customer engagement [10] Strategic Initiatives - Kyivstar became the first Ukrainian company to list on the NASDAQ on August 15, 2025 [7] - The company is advancing its digital ecosystem, including the launch of Ukraine's first Starlink Direct to Cell network and the development of a national large language model in partnership with the Ministry of Digital Transformation [7][9] - Kyivstar plans to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on infrastructure and technological development [15] Future Outlook - The company anticipates revenue growth of 24% to 27% YoY and EBITDA growth of 23% to 26% YoY in UAH terms for the full year [8] - In USD terms, revenue growth is expected to be between 20% to 23% YoY, with EBITDA growth of 19% to 22% YoY for 2025 [8]

Elon Musk's Starlink, a subsidiary of SpaceX, secured its largest direct-to-cell deal yet with telecoms group Veon , granting access to over 150 million potential customers, both companies said on Thu... ...

  Almaty and Washington, DC, November 6, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON”), announces that Beeline Kazakhstan, its digital operator in Kazakhstan, is partnering with Starlink Direct to Cell to make essential connectivity accessible across Kazakhstan, including in remote areas not covered by terrestrial networks. At a trilateral meeting held during the official visit of the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, to the United States, Beeline Kazakh ...

Core Points - VEON Ltd. has appointed Sebastian Rice as General Counsel, effective January 1, 2026, succeeding Vitaly Shmakov, who will become Chief Investment Officer [1][4] - Anand Ramachandran will continue as Chief Corporate Development Officer with expanded responsibilities in investor relations and value creation, also effective January 1, 2026 [2][4] - Sebastian Rice brings 24 years of experience from Akin Gump Strauss Hauer & Feld LLP, where he held significant leadership roles [2][3] - The leadership changes are part of VEON's strategy to enhance its digital operator transformation and drive growth in frontier markets [4] Company Overview - VEON is a digital operator serving over 150 million connectivity customers and approximately 120 million monthly active digital users [5] - The company operates in five countries, representing more than 6% of the global population, and is headquartered in Dubai [5] - VEON is listed on Nasdaq and aims to empower individuals and drive economic growth through technology-driven services [5]

Core Insights - VEON Ltd.'s digital financial services platform, JazzCash, has won the Silver Award in the Banking category at Money20/20 USA 2025, highlighting its significant role in the financial services ecosystem [1][4] Company Overview - JazzCash is recognized for its innovative digital lending feature, ReadyCash, which provides instant credit to individuals and micro-entrepreneurs, disbursing an average of 140,000 digital loans daily, making it the largest digital lender in Pakistan [2][3] - The platform serves 54 million customers and offers a wide range of financial services, including payments, lending, insurance, and government disbursements [6] Industry Impact - The award underscores JazzCash's contribution to financial inclusion in Pakistan, aligning with the National Financial Inclusion Strategy aimed at increasing formal financial access to 75% of the population by 2028 [3] - JazzCash's recognition at Money20/20 USA positions Pakistan's digital financial ecosystem on the global map of lending innovation, competing with major global players like J.P. Morgan Payments and Revolut [4][5]

Core Viewpoint - VEON Ltd. is set to release its third quarter and nine-month financial results for 2025 on November 10, 2025, at 9:00 GST (0:00 EST) [2] Financial Results Announcement - The earnings update will cover consolidated financial and operating results for the period ending September 30, 2025 [2] - A conference call with senior management will take place on the same day at 16:00 GST (7:00 EST) [2] Conference Call Details - Registration for the results conference call can be done via a provided link, and participants will receive a confirmation email with access details [3] - The conference call will also be available via a livestream on YouTube, allowing real-time participation without registration [5] Q&A Session - Shareholders can submit and upvote questions for management through a platform starting October 31, 2025, until the Friday before the conference call [8] - The Q&A session will allow for direct engagement with VEON management, enhancing shareholder interaction [7] Company Overview - VEON is a digital operator serving nearly 160 million customers across six countries, contributing to over 7% of the global population [10] - The company focuses on technology-driven services that empower individuals and stimulate economic growth [10]

Core Insights - VEON Ltd. has agreed to acquire 100% of OLX Kazakhstan for a total consideration of USD 75 million, enhancing its digital services portfolio in Kazakhstan [1][4]. Company Overview - Beeline Kazakhstan, a subsidiary of VEON, serves 11 million customers with mobile connectivity and 2 million with fixed internet services, and has been executing a digital operator strategy since 2018 [5]. - OLX Kazakhstan is a leading online classifieds platform in Kazakhstan, with approximately 10 million monthly active users and 3.6 million listings as of June 30, 2025, reaching over 52% of the country's active internet users [2]. Strategic Implications - The acquisition is expected to create synergies by integrating OLX KZ into Beeline Kazakhstan's digital services ecosystem, allowing for a more comprehensive set of offerings to customers [3]. - The CEO of OLX Group expressed confidence that Beeline Kazakhstan will drive the next phase of growth for OLX KZ, aligning with OLX Group's strategy to focus on core categories and key markets [4]. Market Position - OLX KZ is recognized as a trusted marketplace in Kazakhstan, serving millions daily, which positions Beeline Kazakhstan to enhance its market leadership through this acquisition [4]. - VEON operates across five countries, providing connectivity and digital services to nearly 160 million customers, indicating a strong regional presence and potential for growth through strategic acquisitions [6].

Core Viewpoint - VEON Ltd. has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - Changes in a company's future earnings potential, reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [3]. - Institutional investors utilize earnings estimates to calculate the fair value of a company's shares, leading to buying or selling actions that affect stock prices [3]. VEON's Earnings Outlook - The recent rating upgrade for VEON indicates an improvement in the company's underlying business, which is expected to positively influence its stock price [4]. - Analysts have raised their earnings estimates for VEON, with the Zacks Consensus Estimate increasing by 112% over the past three months [7]. Zacks Rank System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - The upgrade of VEON to a Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating a strong potential for near-term price increases [9].