VEON Ltd ( (VEON) ) has released its Q4 earnings. Here is a breakdown of the information VEON Ltd presented to its investors.
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VEON Ltd., a global digital operator, provides connectivity and online services across various markets, with a focus on digital transformation and innovation. In its latest earnings report, VEON showcased strong financial performance for the fiscal year 2024, with an 8.3% increase in total revenue and a 4.9% rise in EBITDA, despite challenges such as political unrest and cyberattacks. The company’s digital revenue surged by 63% year-on-year, driven by a significant increase in digital service users. VEON’s strategic focus on digital growth and innovation is evident in its expansion of digital services and partnerships, positioning the company for continued success. Looking ahead, VEON anticipates further growth in 2025, with projected revenue and EBITDA increases in local currency terms, alongside a continued focus on digital transformation and strategic investments.