VEON Ltd (VEON)
NASDAQ:VEON
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.62Last Year’s EPS
8.3Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational and financial momentum: double-digit revenue and EBITDA growth, substantial digital acceleration, markedly stronger cash generation, improved leverage and active shareholder returns. At the same time management flagged execution risks tied to geopolitical uncertainty, energy-driven cost inflation, concentrated lending exposure in Pakistan, upcoming debt maturities and some market-specific subscriber stagnation. Management reiterated EBITDA guidance despite raising revenue outlook and emphasized a wait-and-see stance on near-term margin outlook.Company Guidance
Group Revenue Growth
Group revenue reached $1.2 billion in Q1 2026, up 17% year-over-year in USD terms, driven by broad-based contributions across markets.
EBITDA and Margin Expansion
EBITDA rose 17.7% year-over-year to $517 million; margins expanded by 20 basis points to approximately 43%, reflecting operating leverage and cost discipline.
Strong Cash Generation
Equity free cash flow increased 73.4% year-over-year to $246 million; quarter-end cash of $1.75 billion and net debt (ex-leases) of $1.76 billion with leverage reduced to 1.07x.
Material Digital Revenue Acceleration
Digital revenues grew 57.7% year-over-year to $303 million and now represent over 25% of group revenues. On a comparable basis excluding a reclassification, digital revenue growth exceeded 75%.
Digital Profitability and Scale
Digital segment EBITDA margin reported at 34.6%; the group now reports 229 million digital customers (including 72 million digital-only users) and L12M ecosystem transaction value of ~$63 billion.
Multiplay Customer Value and ARPU Improvement
Multiplay customers have ARPU 3.9x that of voice-only customers. Overall ARPU rose to $2.3 (from $2.0 a year ago). Multiplay revenues grew ~18% YoY and represent 58% of consumer revenues.
Pakistan — Spectrum and Financial Services Momentum
Secured largest spectrum allocation in March (including 700 MHz), tripling capacity and accelerating deployments. JazzCash served over 29 million users, >600,000 merchants, L12M transaction value of ~$60 billion (c.15% of Pakistan GDP), Mobilink Bank loan portfolio at $289 million, and >200,000 loans issued daily.
Balance Sheet and Shareholder Returns
Gross debt stable at $4.9 billion; management is reducing leverage and maintaining flexibility. A $100 million buyback is underway with a minimum commitment of $100 million in annual repurchases subject to conditions.
Upgraded Revenue Outlook
Raised 2026 revenue growth guidance to 11%–14% while maintaining EBITDA growth guidance at 7%–10%. CapEx intensity (ex Ukraine) expected at 15%–17% for the year.
Technology and AI Investment
Investing in AI and digital enterprise: ~2,000 engineers/data scientists, 1,000+ prioritized AI use cases, 1.4 million customers using AI products, and an LLM for Ukrainian language recognized domestically; digital enterprise platforms reach over 100 million screens.
VEON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VEON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $50.00 | $56.89 | +13.78% |
Mar 13, 2026 | $44.31 | $50.60 | +14.20% |
Nov 10, 2025 | $43.56 | $50.00 | +14.78% |
Aug 07, 2025 | $52.35 | $53.46 | +2.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does VEON Ltd (VEON) report earnings?
VEON Ltd (VEON) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is VEON Ltd (VEON) earnings time?
VEON Ltd (VEON) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VEON EPS forecast?
VEON EPS forecast for the fiscal quarter 2026 (Q2) is 1.62.