VEON (NASDAQ:VEON) Issues Earnings Results

VEON (NASDAQ:VEON) posted its quarterly earnings results on Wednesday. The Wireless communications provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business 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 Up 13.8%

Shares of NASDAQ VEON traded up $6.89 during trading on Wednesday, reaching $56.89. 302,424 shares of the stock were exchanged, compared to its average volume of 102,099. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 7.66 and a beta of 1.61. The business’s 50-day moving average price is $50.58 and its 200 day moving average price is $51.56. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 2.47. VEON has a twelve month low of $34.55 and a twelve month high of $64.00.

VEON News Summary

Here are the key news stories impacting VEON this week:

• Positive Sentiment: VEON beat Q1 expectations, reporting EPS of $1.39 versus $0.99 expected and revenue of $1.20 billion versus $1.17 billion expected, which signals better-than-anticipated operating performance. VEON earnings report and transcript
• Positive Sentiment: The company lifted its 2026 revenue growth forecast to 11%–14% from 9%–12%, helped by stronger underlying business trends and a weaker U.S. dollar boosting reported results. Reuters article on VEON forecasts
• Positive Sentiment: Digital revenue surged 57.7% in the quarter and now accounts for 25.2% of total revenue, showing meaningful progress in VEON’s higher-growth digital businesses. VEON press release
• Neutral Sentiment: VEON also released its Q1 earnings call materials and transcript, which may give investors more detail on management’s outlook and capital allocation plans. VEON Q1 2026 earnings transcript

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of VEON from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. Benchmark reaffirmed a “buy” rating on shares of VEON in a research report on Friday, March 13th. Wall Street Zen raised shares of VEON from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Rothschild & Co Redburn set a $74.00 price target on shares of VEON and gave the stock a “buy” rating in a research report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, VEON presently has a consensus rating of “Buy” and an average price target of $67.00.

Hedge Funds Weigh In On VEON

Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new stake in shares of VEON during the first quarter valued at about $400,000. Jones Financial Companies Lllp boosted its holdings in VEON by 84,690.0% in the first quarter. Jones Financial Companies Lllp now owns 16,958 shares of the Wireless communications provider’s stock valued at $740,000 after purchasing an additional 16,938 shares during the last quarter. Jane Street Group LLC grew its stake in VEON by 177.9% during the 1st quarter. Jane Street Group LLC now owns 16,374 shares of the Wireless communications provider’s stock valued at $714,000 after purchasing an additional 10,483 shares in the last quarter. JPMorgan Chase & Co. grew its stake in VEON by 267.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 55,827 shares of the Wireless communications provider’s stock valued at $2,572,000 after purchasing an additional 40,614 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in VEON by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 53,571 shares of the Wireless communications provider’s stock worth $2,468,000 after purchasing an additional 538 shares during the last quarter. Institutional investors and hedge funds own 21.30% of the company’s stock.

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.