VEON Reports Strong 4Q25 Results Driven by 84% Surge in Digital Revenues

Key Facts

1VEON's digital revenues grew by 84%, accounting for 20.1% of total revenue.

2The company recorded a 17% growth in total revenue during the fourth quarter of 2025.

3EBITDA increased by 29% in the fourth quarter.

VEON Ltd. has announced record-breaking financial results for the fourth quarter of 2025, highlighting a significant transformation in its business model. The company reported a 17% increase in total revenue during the period, supported by robust performance across its operational markets. A key highlight was the 84% surge in digital revenues, which now account for 20.1% of the group's total income. Profitability also saw a substantial boost, with EBITDA growing by 29% year-on-year in the fourth quarter. Management attributed these strong results to the successful execution of its 'digital operator' strategy, diversifying revenue streams beyond traditional telecom services. This performance signals a positive outlook for the company as it continues to scale its high-margin digital ecosystem.