VEON (NASDAQ:VEON) Announces Earnings Results, Beats Estimates By $0.23 EPS

VEON (NASDAQ:VEON) released its quarterly earnings results on Friday. The Wireless communications provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.23, RTT News reports. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.23 billion. VEON had a net margin of 11.65% and a return on equity of 44.43%. During the same period in the prior year, the firm earned $8.30 earnings per share.

Here are the key takeaways from VEON’s conference call:

• VEON raised its full-year outlook, now expecting revenue growth of 15%–18% and EBITDA growth of 9%–12%, citing stronger-than-expected organic performance and digital momentum.
• Second-quarter revenue increased 17% to $1.27 billion, while digital revenue surged 53.6% and digital EBITDA rose 66.2%; management said digital margins reached 36% and the businesses are generating significant cash with limited capital intensity.
• Cash generation strengthened materially, with first-half equity free cash flow up 47.5% to $320 million. VEON also completed a $1.4 billion bond offering, reduced refinancing risk, and committed to canceling at least $100 million of shares annually.
• Kazakhstan’s margins were pressured by a 6-percentage-point VAT increase and accounting effects from bundled smartphone sales, while Bangladesh faced substantial energy disruptions that reduced national data consumption.
• Management highlighted further growth opportunities in financial services, including expanding JazzCash in Pakistan, launching payment services in Bangladesh in the third quarter, pursuing digital banking licenses, and extending satellite connectivity partnerships into additional markets.

VEON Price Performance

VEON opened at $52.29 on Friday. The company’s 50-day simple moving average is $52.49 and its two-hundred day simple moving average is $52.40. VEON has a 52-week low of $42.60 and a 52-week high of $64.00. The stock has a market capitalization of $3.87 billion, a P/E ratio of 7.01 and a beta of 1.64. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.85 and a current ratio of 0.86.

Trending Headlines about VEON

Here are the key news stories impacting VEON this week:

• Positive Sentiment: Raised 2026 outlook: VEON increased its full-year revenue guidance to $5.1 billion-$5.2 billion, above the $4.9 billion analyst consensus, and also raised its EBITDA outlook. Reuters article
• Positive Sentiment: Digital business is gaining momentum: Second-quarter digital revenue rose 53.6% year over year to $342 million, representing 26.9% of group revenue, while digital EBITDA margin reached 36.1%. Total revenue increased 17.0% to $1.271 billion. VEON second-quarter results
• Positive Sentiment: Quarterly results exceeded expectations: VEON reported EPS of $1.69 versus the $1.59 consensus and revenue of $1.27 billion versus expectations of $1.23 billion. VEON earnings report
• Neutral Sentiment: CEO Kaan Terzioglu emphasized expanding beyond traditional telecommunications into broader digital services, while management highlighted additional digital investments in Ukraine. The strategy could support longer-term growth but depends on successful execution. VEON CEO interview
• Neutral Sentiment: Analysts cited a $72 price target, implying upside from the recent trading level, although another valuation analysis estimated approximately 13% downside, reflecting differing views on VEON’s fair value. Analyst price target article
• Negative Sentiment: Despite beating estimates, quarterly EPS fell substantially from $8.30 in the prior-year period. VEON also carries elevated leverage, with a debt-to-equity ratio of 2.15, which may limit investor enthusiasm.

Hedge Funds Weigh In On VEON

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC purchased a new stake in VEON during the first quarter valued at $400,000. Jones Financial Companies Lllp grew its position in VEON by 84,690.0% during the first quarter. Jones Financial Companies Lllp now owns 16,958 shares of the Wireless communications provider’s stock valued at $740,000 after buying an additional 16,938 shares during the period. Jane Street Group LLC raised its position in VEON by 177.9% in the first quarter. Jane Street Group LLC now owns 16,374 shares of the Wireless communications provider’s stock worth $714,000 after acquiring an additional 10,483 shares during the period. JPMorgan Chase & Co. grew its position in shares of 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 acquiring an additional 40,614 shares during the period. Finally, Bank of America Corp DE raised its holdings in VEON by 1.0% in 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 period. 21.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VEON. Benchmark restated a “buy” rating on shares of VEON in a research note on Monday, June 15th. Weiss Ratings lowered shares of VEON from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Rothschild & Co Redburn set a $74.00 price objective on shares of VEON and gave the stock a “buy” rating in a report on Thursday, April 16th. Wall Street Zen cut VEON from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Northland Securities started coverage on VEON in a report on Tuesday, June 9th. They issued an “outperform” rating and a $70.00 target price on the stock. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $72.00.

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.