VEON Raises Full-Year Guidance as Digital Revenue Surges 53%

Earnings
โดย GuruFocus·Read original
Summary · why it matters

VEON raised its full-year guidance to 15% to 18% revenue growth and 9% to 12% EBITDA growth after digital revenue surged 53.6% to $342 million in the second quarter. Total revenue grew 17% to $1.27 billion, with growth across all five markets, while EBITDA reached $552 million, up 6.2%. Digital EBITDA jumped 66.2% to $123 million, and operating cash flow soared 238% to $463 million. The company committed to canceling at least $100 million of shares annually after buying back $183 million since August 2024, and it ended the quarter with $2.2 billion in cash.

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