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VEON ( (VEON) ) just unveiled an announcement.
On March 13, 2026, VEON reported strong fourth-quarter and full-year 2025 results, driven by rapid expansion of its digital and financial services businesses. Fourth-quarter revenue rose 17.4% year-on-year to USD 1.17 billion and EBITDA grew 29.1%, while digital revenues surged 84.1% to represent 20.1% of group revenue, and full-year 2025 revenue and EBITDA increased 9.9% and 18.8% respectively, with digital contributing USD 759 million and a 17.3% revenue share.
The company coupled these results with balance sheet strengthening and active capital returns, including equity free cash flow after leases and licenses of USD 624 million, net debt to EBITDA reduced to 1.09x, and execution of a USD 100 million buyback alongside a second ongoing program. Strategic moves in 2025 and early 2026 — such as the Kyivstar secondary offering, acquisitions in Ukraine including Tabletki.ua, spectrum wins for Jazz in Pakistan, settlement of historic shareholder claims with Dhabi Group, index inclusions and a listing upgrade on Nasdaq — underline VEON’s shift toward a diversified digital operator model and aim to reinforce its market positioning ahead of its targeted mid‑single‑digit to low‑teens revenue and EBITDA growth in 2026.
The most recent analyst rating on (VEON) stock is a Buy with a $75.00 price target. To see the full list of analyst forecasts on VEON stock, see the VEON Stock Forecast page.
Spark’s Take on VEON Stock
According to Spark, TipRanks’ AI Analyst, VEON is a Outperform.
VEON’s overall stock score is driven by strong earnings call performance and valuation, indicating potential undervaluation. Financial performance is solid but impacted by high leverage. Technical analysis supports a positive outlook with bullish momentum.
To see Spark’s full report on VEON stock, click here.
More about VEON
VEON Ltd., formerly VimpelCom, is a NASDAQ-listed digital operator providing converged connectivity and digital services across five countries that together account for more than 6% of the world’s population. The group serves nearly 150 million connectivity users and over 135 million digital users, focusing on technology-led offerings that span communications, digital financial services, and emerging verticals such as healthcare, ride-hailing, and online marketplaces.
Average Trading Volume: 83,703
Technical Sentiment Signal: Sell
Current Market Cap: $3.06B
See more insights into VEON stock on TipRanks’ Stock Analysis page.