Kyivstar shares close at $12.96 ahead of third-quarter results
Key Facts
Kyivstar (KYIV) shares closed at $12.96 on November 5, 2026, according to EL7 data, on the eve of the announced release of the company’s results for the third quarter and first nine months of the year. Kyivstar said the results, covering the period ended September 30, 2026, would be released on November 6, with management presenting them the same day. The release comes as the market awaits the period’s figures and an update on the company’s full-year performance. But the closing price reflects the session before the results release and therefore does not represent the market’s response to figures to be announced the following day. EL7 data confirmed only the closing price for that date.
The latest published financial baseline comes from second-quarter results, when Kyivstar’s total revenue rose 19.3% year over year to $339 million. In the same period, digital revenue increased 83.0% year over year to $73.7 million, according to company data. These figures provide context for comparing third-quarter results when they are released, but relate to the second quarter alone and do not describe performance in the more recent period. Digital revenue also grew faster than total revenue that quarter, while total revenue was $339 million. The results due include the third quarter and the nine-month period, two time frames that differ from the previously reported second-quarter figures.
In the second quarter, connectivity and infrastructure revenue grew 8.8% year over year to $265 million, the company said. It attributed the performance to higher average revenue per user and increased data consumption, alongside an expanded fixed-internet base and the addition of renewable energy infrastructure. In the same period, data usage per customer rose 18.3% year over year to 14.9 gigabytes per month, and 4G services reached 70.3% of the mobile customer base. These metrics show aspects of connectivity and infrastructure performance in the second quarter; they are earlier indicators and should not be attributed to the third quarter before its data are released. The November 6 announcement is scheduled to cover third-quarter results and the nine months ended September 30.
Free cash flow to equity, after leases and licenses, was $191 million in the first half of 2026, up 32.1% year over year, according to second-quarter results published on July 31. The company recorded free cash flow of $104 million in the second quarter alone, up 32.2% year over year. These figures cover the second quarter and first half, and do not confirm a cash-flow growth rate for the nine months or any change in guidance after the third-quarter results. The company’s upcoming announcement therefore remains the reference for determining whether updated figures support or change its full-year guidance. The period the company will report covers the nine months through September 30, according to its announced results schedule.
Kyivstar raised its 2026 outlook in second-quarter results published on July 31, projecting dollar-denominated revenue growth of between 14% and 16%, up from a previous range of between 11% and 14%. It also raised its forecast for EBITDA growth to 9%–12%, compared with a previous forecast of between 7% and 10%. In a schedule announcement on October 8, the company said its 2026 outlook remained unchanged and moved its Capital Markets Day from November 2026 to a date in 2027. These forecasts represent the company’s stated position before the third-quarter results and do not confirm a new revision on November 6. The quarter and nine-month results will allow the company to present its latest performance against this existing outlook.