Core Insights - VEON Ltd. announced that Beeline Uzbekistan will partner with GSMA and the Ministry of Digital Technologies of Uzbekistan to host GSMA M360 Eurasia 2026 in Samarkand on May 20–21, 2026, marking the event's return to Uzbekistan for the second consecutive year [1][2] Group 1: Event Significance - The return of M360 Eurasia to Uzbekistan highlights the country's status as a regional digital hub and aligns with its Digital Uzbekistan 2030 strategy, aiming to foster modern digital cooperation, innovation, and investment [2] - Hosting the event in Samarkand, a historical crossroads of Eurasian exchange, emphasizes the government's ambition to position Uzbekistan as a platform for digital collaboration [2] Group 2: Statements from Officials - Sherzod Shermatov, Minister of Digital Technologies, expressed that hosting M360 Eurasia in Samarkand reflects Uzbekistan's commitment to building a modern digital economy and the importance of partnerships with the mobile industry for economic growth [3] - Kaan Terzioglu, Beeline Uzbekistan Chairman and VEON Group CEO, noted that Central Asia is becoming a focal point for AI-driven digital development, and the event will showcase the region's potential [3] - John Hoffman, CEO of GSMA Ltd., stated that the event's location in Samarkand supports digital transformation and cross-regional collaboration, making it an ideal venue for advancing innovation and connectivity [3] Group 3: About the Companies - VEON is a digital operator serving nearly 150 million connectivity users and 140 million digital users across five countries, focusing on technology-driven services that promote economic growth [4] - Beeline Uzbekistan serves 7.7 million customers with mobile connectivity and has 7.9 million total monthly active users across its digital services, contributing to the software and IT ecosystem in Uzbekistan [5]

Core Points - Algeria is set to launch a new national digital platform aimed at simplifying import procedures for self-employed importers, enhancing digitalization, and improving management efficiency in import operations [2] - The platform will utilize national cloud computing resources and be hosted by the Algeria National Data Service Center, constructed by Huawei, allowing businesses across the country to submit requests online without the need to navigate various departments in person [2] - This initiative is seen as a significant step towards modernizing Algeria and increasing management transparency, reflecting the government's commitment to implementing President Tebboune's directives on digital transformation [2]

Core Insights - GoDaddy's shares have decreased by 36.6% over the past 12 months, significantly underperforming the Zacks Computer and Technology sector, which returned 23.6% [1] - The company is facing challenges from a tough macroeconomic environment and intense competition in the digital services market, but it is expected to benefit from AI integration initiatives [1] Company Developments - GoDaddy has launched Airo.ai, a beta agentic AI platform designed for small businesses, which includes six agents to assist in various tasks from domain registration to website building [2] - The shift towards an Agentic AI platform, with Airo.ai and Airo Plus at its core, is becoming a major growth driver for the company [3] - GoDaddy plans to have AI generate 70% of its code by the end of the year, with 45% currently being AI-generated [3] Financial Projections - GoDaddy has raised its revenue guidance for 2025, projecting total revenues between $4.93 billion and $4.95 billion, reflecting an 8% year-over-year increase at the midpoint [4] - The company anticipates mid-teens growth in Applications and Commerce (A&C) revenues and mid-single digit growth in core revenues for 2025 [4] - For Q4 2025, GoDaddy expects revenues of $1.255-$1.275 billion, representing a 6% increase at the midpoint, with a normalized EBITDA margin of approximately 32% [5][8]

Core Viewpoint - VEON Ltd. has initiated a buyback program for up to USD 100 million, aimed at repurchasing both ADSs and outstanding bonds to enhance shareholder value and manage debt effectively [1][2][3] Group 1: Buyback Program Details - The buyback program was announced on November 10, 2025, and is authorized by VEON's Board [1] - The allocation between equity and debt securities will depend on market conditions [1] - The buybacks will be executed in the open market under a 10b5-1 plan and in compliance with Rule 10b-18 [3] Group 2: Rationale for Buyback - VEON believes its current equity trading levels do not reflect its strong fundamentals and cash-generation capabilities, making selective ADS repurchases a value-accretive use of capital [2] - Repurchasing bonds will allow VEON to take advantage of discounts in the debt markets, reduce future interest obligations, and manage upcoming maturities [2] Group 3: Company Overview - VEON operates as a digital operator, providing services to nearly 150 million connectivity users and 120 million digital users across five countries [4] - The company aims to transform lives through technology-driven services that promote individual empowerment and economic growth [4]

Core Insights - The Shanghai Lingang New Area is developing a new round of industrial support policies to establish the international data industry as a leading sector for economic development and innovation in the region [1] Group 1: Industry Developments - The 2025 International Data Economy Industry Cooperation Conference was held in the Lingang New Area, highlighting the region's commitment to the data industry [1] - Ten key projects were signed and launched, covering various fields such as digital culture, cross-border content live streaming, and intelligent connected vehicles [1] - Major platforms for data cross-border and international carbon footprint certification, global business data services, automotive data cross-border services, and one-stop services for overseas expansion were officially released [1] Group 2: Collaborative Initiatives - The Lingang New Area Administrative Committee is collaborating with the Youth League Committee and nine universities, along with relevant development entities and research institutions, to initiate an international data industry youth innovation and entrepreneurship program [1]

Core Insights - VEON Ltd. has received two prestigious awards at the IR Magazine Corporate Governance Awards 2025, recognizing its governance excellence and innovative use of technology in corporate governance [1][5] Group 1: Awards and Recognition - The "Best Governance Around a Corporate Transaction" award acknowledges VEON's exemplary governance during the successful listing of Kyivstar Group Ltd. on Nasdaq in August 2025 [5] - The "Best Use of Technology" award highlights VEON's innovative integration of augmented intelligence and digital tools in enhancing its governance framework [5] Group 2: Leadership and Commitment - Kaan Terzioglu, VEON Group CEO, expressed pride in the recognition of VEON's commitment to governance excellence, attributing it to the teams involved in the Kyivstar listing and the Board of Directors' oversight [2] - The recognition validates the extensive efforts in structuring the Kyivstar listing to uphold robust governance principles and protect investor interests, marking a historic achievement as Kyivstar became the first Ukrainian company to list on a U.S. stock exchange [3] Group 3: Company Overview - VEON is a digital operator providing connectivity and digital services to nearly 160 million customers across five countries, contributing to economic growth through technology-driven services [4]

Core Viewpoint - Morris Kandinov LLP is investigating potential claims related to a pump-and-dump scheme involving Smart Digital Group Limited (NASDAQ: SDM), encouraging affected shareholders to reach out for assistance [2][3]. Group 1: Investigation Details - The investigation focuses on a fraudulent scheme executed by scammers posing as financial advisors in WhatsApp groups, who solicited victims through deceptive social media advertisements [2]. - Morris Kandinov LLP has a track record of recovering millions for shareholders and is recognized as a Top 25 Firm in the 2024 ISS Securities Class Action Services Report [1]. Group 2: Shareholder Support - Shareholders who believe they have been victims of the scheme are urged to contact the firm for potential legal representation, which operates on a contingency fee basis, meaning no upfront costs for stockholders [2][3]. - The firm emphasizes its commitment to protecting stockholder rights and has successfully recovered substantial amounts for investors across various jurisdictions [3].

Financial Data and Key Metrics Changes - Company reported total revenue of $1.115 billion for Q3 2025, reflecting a year-on-year growth of 7.5% in USD terms [24] - EBITDA for the quarter was $524 million, representing a growth of 19.7%, with an EBITDA margin of 47%, up 400 basis points year-on-year [25] - Last 12-month EPS stands at $8.89, up 60.2% year-on-year, although reported EPS for Q3 alone was a loss of $1.84 per share due to non-cash charges [8][9] Business Line Data and Key Metrics Changes - Direct digital revenues grew 63% year-on-year to reach $198 million, now accounting for 17.8% of total revenues, up from 11% a year ago [25] - Telecom and infrastructure segment revenues grew 3.5% on a like-for-like basis, reflecting the impact of differentiated networks and services [8] - Multiplay customers generated 3.8 times the ARPU of voice-only subscribers, with 55.4% of total customer revenues coming from this segment, which grew revenue-wise by 23% year-on-year [12][13] Market Data and Key Metrics Changes - Strong double-digit revenue growth was delivered across all markets except Bangladesh, which saw a return to year-on-year growth for the first time in 14 months [14] - In Pakistan, the financial services business gross transaction value rose 40% year-on-year, representing 13% of the country's GDP [15] - The digital-only user base has more than doubled to 50 million, representing nearly 35% of total digital users [17] Company Strategy and Development Direction - The company is focused on a digital operator model, combining connectivity, digital platforms, and financial inclusion to unlock sustainable growth [4] - The asset-light strategy continues with the sale of Kyrgyzstan operations and a global framework agreement with Starlink for satellite connectivity [6] - The company is exploring opportunities for further investment in Ukraine, aligning with its "Invest in Ukraine Now" initiative [35] Management's Comments on Operating Environment and Future Outlook - Management raised the fiscal year 2025 EBITDA outlook to 16%-18% growth in local currency terms, up from 14%-16% [4] - The company remains confident in its growth trajectory despite macro and geopolitical challenges, with a focus on sustaining long-term value creation [29][30] - Management emphasized the importance of operational cost management and disciplined pricing actions in supporting margin improvements [58] Other Important Information - The company completed the operational separation of JazzCash, enhancing growth potential in digital financial services [15] - A $100 million share and/or bond repurchase program was approved by the board, reflecting confidence in growth prospects [7] - The company ended the quarter with a cash balance of $1.67 billion, including $653 million at headquarters [26] Q&A Session Summary Question: Motivation for Kyivstar's SPAC transaction - Management chose a SPAC structure for its deal certainty and speed, believing it was the right move to list Kyivstar successfully [34] Question: Plans for cash at headquarters - The cash at headquarters is $653 million, with limitations on upstreaming due to martial law in Ukraine, focusing on investments in the country [38] Question: Future of tower assets in Ukraine - The company aims to pursue divestment of tower assets in Ukraine, similar to its strategy in Pakistan, to enhance cash generation [45] Question: Financial services in Pakistan - The financial services business targets unbanked individuals, with microloans providing essential support to small businesses [49] Question: Growth of JazzCash and MMBL - The company plans to leverage capabilities from JazzCash and MMBL to expand fintech services in other markets, focusing on smartphone penetration [72] Question: Ride-hailing market expansion - The company has ambitions to grow its ride-hailing business in other markets, with a city-by-city operational strategy [80] Question: Trade-off between scale and profitability - Management noted that digital services have not diluted EBITDA margins as expected, attributing this to operational cost discipline [58] Question: Run rate for financial services EBITDA - The financial services business has shown steady growth, with expectations for continued performance in the coming quarters [95]

Core Insights - E.W. Scripps met Wall Street's revenue expectations in Q3 CY2025, reporting sales of $525.9 million, an 18.6% year-on-year decline, and a GAAP loss of $0.55 per share, which was 72.1% below analysts' consensus estimates [1][6] Financial Performance - Revenue: $525.9 million vs analyst estimates of $523.9 million (18.6% year-on-year decline, in line) [6] - EPS (GAAP): -$0.55 vs analyst expectations of -$0.32 (72.1% miss) [6] - Adjusted EBITDA: $80.43 million vs analyst estimates of $68.75 million (15.3% margin, 17% beat) [6] - Operating Margin: 7.2%, down from 18.8% in the same quarter last year [6] - Market Capitalization: $224.5 million [6] Strategic Initiatives - The company highlighted the success of its Scripps Sports strategy and expansion into connected TV (CTV) advertising, with a focus on women's sports partnerships contributing to performance [3][4] - Management expects continued revenue growth from sports broadcasting deals and CTV expansion while maintaining a disciplined approach to expenses [4] - The company is preparing for significant political advertising tailwinds in 2026 and ongoing margin improvements through operational efficiencies and technology investments [4] Advertising and Revenue Growth - The intensified focus on women's sports, including partnerships with the WNBA and National Women's Soccer League, led to strong advertising demand and increased core revenue [7] - Scripps' expansion into Connected TV generated significant growth, with streaming now accounting for 20% of Scripps Networks viewing, and management projecting double-digit CTV revenue growth [7] Operational Efficiency - Recent station swaps and sales generated $123 million in cash, intended for debt reduction and balance sheet improvement [7] - Operational efficiency initiatives, including reductions in employee-related costs and restructuring, contributed to margin stabilization despite advertising softness [7] Technology and Innovation - Early investments in automation and artificial intelligence are beginning to deliver value, helping newsroom and sales teams operate more efficiently [8]

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]