VEON Raises 2026 Outlook Following 53.6% Surge in Digital Revenue

Key Facts

Reflecting a successful pivot toward digital services within the telecommunications sector, VEON has reported robust financial results for the second quarter of 2026. According to reports, the company's digital revenue surged by 53.6% to reach USD 342 million, prompting management to raise its full-year guidance for both revenue and EBITDA. Total group revenue climbed to USD 1,271 million, representing a 17.0% increase compared to the same period last year.

The upward revision in outlook is underpinned by significant scaling in digital operations, which now command a larger share of the group's total income. The company maintained a healthy digital EBITDA margin of 36.1%, highlighting the profitability of its digital transformation initiatives. The 17% growth in total revenue suggests resilient demand for data and integrated digital solutions across its diverse operating footprint.

Looking ahead, investors are monitoring VEON's ability to sustain this momentum despite geopolitical uncertainties in key markets such as Ukraine and Bangladesh. Additionally, global markets await upcoming economic catalysts, including consumer confidence data from France and the US, which may influence broader sentiment in the tech and telecom sectors.