VEON Reports Strong Q2 Growth and Digital Expansion

VEON (VEON) has released an update.

VEON Ltd. has reported a significant increase in revenues and user growth for Q2 2024, with total revenues rising to USD 1,026 million, marking a 12.1% year-over-year growth in reported currency. The company saw a substantial 83.3% increase in direct digital revenues and a robust expansion of its 4G user base by 11.2%, resulting in a 62.5% penetration rate. Additionally, VEON confirmed its full-year guidance, maintaining strong performance forecasts and sustained momentum from its digital operator strategy.

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