VEON raised its 2026 revenue and EBITDA growth outlook after a strong third quarter. Group revenue rose 17.2% year over year to USD 1.307 billion, while revenue for the first nine months reached USD 3.779 billion, up 17.1%. Digital services accounted for 27.2% of total revenue, and Kyivstar revenue increased 17.5% to USD 349 million in Q3. The company also raised the midpoint of its 2026 EBITDA outlook. Beeline Kazakhstan completed its acquisition of 100% of OLX Group LLP in Kazakhstan for USD 81 million after receiving regulatory approvals.
The company raised its revenue and operating profit growth ranges, as digital services revenue reached $355 million and reported free cash flow declined year over year.
Read the full storyThe outlook revision followed 17.2% growth in group revenue in the third quarter, while the company also raised the floor of its EBITDA growth forecast.