VEON (NASDAQ:VEON) Releases Earnings Results

VEON (NASDAQ:VEON) posted its quarterly earnings results on Friday. The Wireless communications provider reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.23, RTT News reports. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. VEON had a net margin of 11.65% and a return on equity of 44.43%. During the same period in the prior year, the business posted $8.30 earnings per share.

Here are the key takeaways from VEON’s conference call:

• VEON raised its full-year outlook, now expecting revenue growth of 15%–18% and EBITDA growth of 9%–12%, citing stronger-than-expected organic performance and digital momentum.
• Second-quarter revenue increased 17% to $1.27 billion, while digital revenue surged 53.6% and digital EBITDA rose 66.2%; management said digital margins reached 36% and the businesses are generating significant cash with limited capital intensity.
• Cash generation strengthened materially, with first-half equity free cash flow up 47.5% to $320 million. VEON also completed a $1.4 billion bond offering, reduced refinancing risk, and committed to canceling at least $100 million of shares annually.
• Kazakhstan’s margins were pressured by a 6-percentage-point VAT increase and accounting effects from bundled smartphone sales, while Bangladesh faced substantial energy disruptions that reduced national data consumption.
• Management highlighted further growth opportunities in financial services, including expanding JazzCash in Pakistan, launching payment services in Bangladesh in the third quarter, pursuing digital banking licenses, and extending satellite connectivity partnerships into additional markets.

VEON Stock Performance

NASDAQ:VEON opened at $52.29 on Friday. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 61.52 and a beta of 1.64. VEON has a 1 year low of $42.60 and a 1 year high of $64.00. The stock’s 50 day simple moving average is $52.49 and its two-hundred day simple moving average is $52.40. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.86 and a quick ratio of 0.85.

VEON News Summary

Here are the key news stories impacting VEON this week:

• Positive Sentiment: Raised 2026 outlook: VEON increased its full-year revenue guidance to $5.1 billion-$5.2 billion, above the $4.9 billion analyst consensus, and also raised its EBITDA outlook. Reuters article
• Positive Sentiment: Digital business is gaining momentum: Second-quarter digital revenue rose 53.6% year over year to $342 million, representing 26.9% of group revenue, while digital EBITDA margin reached 36.1%. Total revenue increased 17.0% to $1.271 billion. VEON second-quarter results
• Positive Sentiment: Quarterly results exceeded expectations: VEON reported EPS of $1.69 versus the $1.59 consensus and revenue of $1.27 billion versus expectations of $1.23 billion. VEON earnings report
• Neutral Sentiment: CEO Kaan Terzioglu emphasized expanding beyond traditional telecommunications into broader digital services, while management highlighted additional digital investments in Ukraine. The strategy could support longer-term growth but depends on successful execution. VEON CEO interview
• Neutral Sentiment: Analysts cited a $72 price target, implying upside from the recent trading level, although another valuation analysis estimated approximately 13% downside, reflecting differing views on VEON’s fair value. Analyst price target article
• Negative Sentiment: Despite beating estimates, quarterly EPS fell substantially from $8.30 in the prior-year period. VEON also carries elevated leverage, with a debt-to-equity ratio of 2.15, which may limit investor enthusiasm.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VEON. Wellington Management Group LLP increased its position in VEON by 66.5% in the fourth quarter. Wellington Management Group LLP now owns 977,400 shares of the Wireless communications provider’s stock worth $51,382,000 after purchasing an additional 390,294 shares during the last quarter. Millennium Management LLC lifted its position in VEON by 2.4% during the fourth quarter. Millennium Management LLC now owns 136,701 shares of the Wireless communications provider’s stock valued at $7,186,000 after purchasing an additional 3,223 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in VEON during the fourth quarter valued at $1,608,000. J. Goldman & Co LP purchased a new position in shares of VEON in the 4th quarter worth $2,103,000. Finally, Solus Alternative Asset Management LP grew its stake in shares of VEON by 3.6% in the 4th quarter. Solus Alternative Asset Management LP now owns 887,002 shares of the Wireless communications provider’s stock worth $46,630,000 after buying an additional 30,900 shares in the last quarter. 21.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VEON shares. Rothschild & Co Redburn set a $74.00 target price on shares of VEON and gave the company a “buy” rating in a research note on Thursday, April 16th. Benchmark reiterated a “buy” rating on shares of VEON in a research note on Monday, June 15th. Weiss Ratings cut VEON from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Northland Securities started coverage on VEON in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $70.00 price objective on the stock. Finally, Zacks Research lowered VEON from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $72.00.

VEON Company Profile

VEON Ltd (NASDAQ: VEON) is a global telecommunications and digital services provider headquartered in Amsterdam, the Netherlands. Originally founded as VimpelCom in Russia in 1992, the company rebranded to VEON in 2017 to reflect its transformation into a technology-driven operator. VEON operates as a holding company with direct investments in mobile and internet service providers across multiple emerging markets, delivering voice, data and digital services to individual and enterprise customers.

Through its operating subsidiaries, VEON offers a broad portfolio that includes 2G/3G/4G mobile access, fixed broadband, digital lifestyle applications and mobile financial services.