VEON (NASDAQ:VEON) Announces Earnings Results

VEON (NASDAQ:VEON) posted its quarterly earnings results on Friday. The Wireless communications provider reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($2.18), Zacks reports. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. VEON had a return on equity of 58.72% and a net margin of 15.26%.

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

• VEON delivered strong 2025 results with $4.4bn revenue (+9.9% YoY) and $2.01bn EBITDA (+18.8%) with margins expanding to 45.7%, signalling significant operational leverage.
• Digital services accelerated sharply—$759m of digital revenue (+62%+) representing 17% of group revenue, with $207m digital EBITDA at a 27.3% margin and >200m three?month active digital users.
• Management executed an asset?light strategy and strengthened the balance sheet via tower sales and deconsolidations, ending 2025 with $1.73bn cash and net debt (ex?leases) of $1.75bn (leverage 1.09x).
• Capital allocation priorities emphasize annual share repurchases of at least $100m (shares to be cancelled) and disciplined M&A, while management says it will address 2027 bond maturities ahead of November — supportive but subject to refinancing/timing uncertainty.
• 2026 outlook shows potential margin pressure—guidance of revenue growth 9–12% vs EBITDA 7–10% and management flags inflationary headwinds (oil/pricing) plus geopolitical uncertainty (Ukraine) that could weigh on near?term profitability.

VEON Stock Up 14.2%

Shares of VEON traded up $6.29 during trading hours on Friday, hitting $50.60. The stock had a trading volume of 687,574 shares, compared to its average volume of 90,787. VEON has a 1-year low of $34.55 and a 1-year high of $64.00. The firm has a market capitalization of $3.49 billion, a P/E ratio of 5.75 and a beta of 1.59. The firm has a 50 day simple moving average of $53.67 and a 200-day simple moving average of $52.51. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.95 and a quick ratio of 0.94.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VEON. Wall Street Zen raised VEON from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Benchmark reissued a “buy” rating on shares of VEON in a research note on Friday. Zacks Research upgraded VEON from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VEON in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $60.00.

VEON announced that its Board of Directors has approved a stock buyback plan on Monday, November 17th that permits the company to repurchase 0 shares. This repurchase authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

More VEON News

Here are the key news stories impacting VEON this week:

• Positive Sentiment: VEON reported strong fourth?quarter results that investors interpreted positively — management pointed to broad revenue and EBITDA growth driven by digital services, which helped trigger the rally. VEON surges after strong fourth quarter results
• Positive Sentiment: Company press release: digital revenues jumped ~84% and now make up ~20.1% of total revenues; this segment drove ~17% revenue growth and ~29% EBITDA growth in 4Q25 — a structural improvement in mix that supports higher margins going forward. VEON Delivers Record Digital Growth
• Positive Sentiment: Core profit (adjusted) rose ~19% year?on?year as digital adoption increased; management flagged expansion of the Starlink partnership (next market: Bangladesh), which signals growth opportunities and new revenue streams. Veon’s core profit rises on digital services
• Positive Sentiment: VEON gave FY?2026 revenue guidance above street expectations (guidance range implies revenue growth vs. consensus), signaling confidence in recurring digital momentum and underlying operations. VEON Delivers Record Digital Growth
• Positive Sentiment: Local operator Kyivstar (Ukraine) beat estimates in 4Q as its digital push accelerated growth, supporting consolidated results. VEON’s Kyivstar beats estimates
• Neutral Sentiment: Market context: broader market moves (e.g., commodity and index swings) accompanied the session — Benzinga noted crude oil gains and mixed U.S. equities while VEON shares spiked higher, indicating some macro correlation. Crude Oil Gains Over 1%; VEON Shares Spike Higher
• Neutral Sentiment: The full earnings call transcript is available for investors who want detail on one?offs, FX effects and capex plans; review it to separate sustainable earnings drivers from timing items. VEON Q4 2025 Earnings Call Transcript
• Negative Sentiment: GAAP EPS missed consensus materially (reported ($1.12) vs. $1.79 expected) — likely reflecting non?cash/one?time items, FX and accounting timing that investors should vet in the transcript and slide deck. VEON Q4 earnings and materials

Institutional Investors Weigh In On VEON

Hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in shares of VEON by 4.8% during the second quarter. Tidal Investments LLC now owns 7,288 shares of the Wireless communications provider’s stock valued at $336,000 after acquiring an additional 336 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of VEON by 36.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock worth $66,000 after purchasing an additional 388 shares in the last quarter. Bank of America Corp DE grew its position in VEON by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 53,571 shares of the Wireless communications provider’s stock valued at $2,468,000 after purchasing an additional 538 shares during the period. Royal Bank of Canada grew its position in VEON by 184.3% in the 4th quarter. Royal Bank of Canada now owns 2,431 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 1,576 shares during the period. Finally, Millennium Management LLC increased its stake in VEON by 2.4% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 21.30% of the company’s stock.

About VEON

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.