VEON Reports Strong Q1 2025 Earnings Growth

VEON Ltd ( (VEON) ) has released its Q1 earnings. Here is a breakdown of the information VEON Ltd presented to its investors.

VEON Ltd., a global digital operator, provides converged connectivity and digital services to nearly 160 million customers across six countries, transforming lives through technology-driven services. In its first-quarter earnings report for 2025, VEON announced a strong start to the year with significant growth in digital revenues and overall financial performance. The company reported an 8.9% year-on-year increase in total revenue, reaching USD 1,026 million, and a 13.7% rise in EBITDA, totaling USD 439 million. Notably, direct digital revenues surged by 50.2% year-on-year, contributing 14.3% to the total revenues for the quarter. VEON’s financial position remains robust with cash and cash equivalents of USD 1,775 million and a reduction in net debt to USD 1,810 million. The company continues to focus on strategic initiatives, including a share buyback program and the integration of AI technologies to enhance digital services. Looking ahead, VEON maintains a positive outlook for 2025, expecting continued growth in local currency terms for both revenue and EBITDA, alongside strategic investments in digital transformation.