VEON (NASDAQ:VEON) Announces Quarterly Earnings Results, Beats Estimates By $0.40 EPS

VEON (NASDAQ:VEON) announced its quarterly earnings data on Wednesday. The Wireless communications provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.40, Zacks reports. VEON had a return on equity of 47.86% and a net margin of 12.12%.The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company earned $1.36 earnings per share.

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

• VEON reported a strong Q1 with revenue up 17% year over year to $1.2 billion and EBITDA up 17.7% to $517 million, while margins expanded to 43%.
• Equity free cash flow jumped 73.4% to $246 million, and the company said leverage improved further to 1.07x net debt/EBITDA excluding leases.
• Digital remains the main growth engine, with digital revenue up 57.7% to $303 million and now accounting for more than 25% of group revenue. Management said digital profitability is improving as the segment scales.
• VEON raised its 2026 revenue growth outlook to 11%–14%, while leaving EBITDA growth guidance at 7%–10%. The company also reiterated at least $100 million in annual share repurchases, subject to conditions.
• Pakistan financial services continued to expand, with JazzCash reaching 29 million users and transaction value near $60 billion over the last 12 months, but management signaled it will not rush any value-crystallization event such as an IPO or strategic deal.

VEON Stock Performance

Shares of VEON stock traded down $1.95 during trading hours on Thursday, reaching $54.94. The company had a trading volume of 30,719 shares, compared to its average volume of 101,290. The firm has a market cap of $4.06 billion, a PE ratio of 7.39 and a beta of 1.61. VEON has a one year low of $34.55 and a one year high of $64.00. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.91 and a quick ratio of 0.90. The business has a fifty day simple moving average of $50.58 and a 200 day simple moving average of $51.56.

Key Headlines Impacting VEON

Here are the key news stories impacting VEON this week:

• Positive Sentiment: VEON reported first-quarter revenue growth of 17% and EBITDA growth of 17.7%, with digital revenue surging 57.7% and rising to 25.2% of total revenue, signaling broad-based operating strength. Article Title
• Positive Sentiment: The company beat quarterly EPS estimates, reporting $1.39 per share versus $0.99 expected, and revenue of $1.20 billion versus $1.17 billion estimated, which likely helped lift investor confidence. Article Title
• Positive Sentiment: VEON raised its 2026 revenue growth forecast to 11%-14% in U.S. dollar terms from 9%-12%, while maintaining EBITDA growth guidance, suggesting management sees continued momentum ahead. Article Title
• Positive Sentiment: JazzCash, VEON’s Pakistani digital finance unit, surpassed 60 million registered customers and processed PKR 16.8 trillion in annual transaction value, reinforcing the growth potential of VEON’s fintech ecosystem. Article Title
• Neutral Sentiment: Investors are also digesting VEON’s earnings call presentation and transcript, which may provide additional detail on strategy and margin trends but do not appear to be a new catalyst on their own. Article Title

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VEON. MML Investors Services LLC lifted its holdings in shares of VEON by 54.3% in the fourth quarter. MML Investors Services LLC now owns 17,028 shares of the Wireless communications provider’s stock worth $895,000 after buying an additional 5,989 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in VEON during the third quarter valued at approximately $394,000. Tidal Investments LLC increased its holdings in VEON by 4.8% during the 2nd quarter. Tidal Investments LLC now owns 7,288 shares of the Wireless communications provider’s stock worth $336,000 after acquiring an additional 336 shares during the period. NewEdge Advisors LLC increased its holdings in VEON by 37.3% during the 2nd quarter. NewEdge Advisors LLC now owns 12,590 shares of the Wireless communications provider’s stock worth $580,000 after acquiring an additional 3,422 shares during the period. Finally, Jane Street Group LLC lifted its stake in VEON by 177.9% in the 1st quarter. Jane Street Group LLC now owns 16,374 shares of the Wireless communications provider’s stock worth $714,000 after purchasing an additional 10,483 shares in the last quarter. Institutional investors own 21.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on VEON. Zacks Research raised VEON from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. Rothschild & Co Redburn set a $74.00 price objective on VEON and gave the company a “buy” rating in a research note on Thursday, April 16th. Wall Street Zen raised shares of VEON from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Benchmark reiterated a “buy” rating on shares of VEON in a research report on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, VEON presently has a consensus rating of “Buy” and a consensus price target of $67.00.

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.