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VEON .(VEON) - 2025 Q3 - Earnings Call Presentation
2025-11-10 12:00
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]
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