VEON Ltd ( (VEON) ) has released its Q2 earnings. Here is a breakdown of the information VEON Ltd presented to its investors.
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VEON Ltd., a global digital operator, offers converged connectivity and online services, positioning itself as a leader in digital transformation across frontier markets. In its second-quarter 2025 earnings report, VEON showcased a robust financial performance with a 5.9% increase in USD revenues and a 13.2% rise in EBITDA, driven by a significant surge in direct digital revenues. The company reported total revenues of USD 1,087 million, with direct digital revenues growing by 56.6% year-on-year, reflecting VEON’s strategic focus on expanding its digital services footprint. VEON’s EBITDA for the quarter stood at USD 520 million, marking a 13.2% increase in reported currency and a 19.6% rise in local currency terms. The company also completed its USD 100 million share buyback program and revised its 2025 outlook, projecting local currency revenue growth of 13% to 15% and EBITDA growth of 14% to 16%. Looking ahead, VEON remains optimistic about its growth prospects, with management expecting continued revenue and EBITDA growth in local currency terms, supported by disciplined execution and innovation to enhance long-term shareholder value.