VEON (NASDAQ:VEON) Releases Earnings Results, Beats Expectations By $0.10 EPS

VEON (NASDAQ:VEON) issued its quarterly earnings results on Friday. The Wireless communications provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.10, RTT News reports. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.23 billion. VEON had a return on equity of 44.43% and a net margin of 11.65%.During the same period last year, the company 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 Stock Performance

Shares of VEON stock traded down $0.50 during trading on Friday, hitting $52.29. 157,705 shares of the company’s stock traded hands, compared to its average volume of 95,243. VEON has a 1 year low of $42.60 and a 1 year high of $64.00. The business has a 50-day simple moving average of $52.58 and a 200-day simple moving average of $52.40. 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 current ratio of 0.86 and a quick ratio of 0.85.

Hedge Funds Weigh In On VEON

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its stake in shares of VEON by 36.8% in the second quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock worth $66,000 after acquiring an additional 388 shares during the period. Royal Bank of Canada lifted its position in VEON by 184.3% during the fourth quarter. Royal Bank of Canada now owns 2,431 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 1,576 shares during the period. Engineers Gate Manager LP bought a new position in VEON during the second quarter valued at approximately $243,000. Lazard Asset Management LLC purchased a new stake in VEON in the third quarter worth approximately $252,000. Finally, Caxton Associates LLP purchased a new stake in VEON in the second quarter worth approximately $283,000. Institutional investors own 21.30% of the company’s stock.

VEON News Roundup

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.

Analysts Set New Price Targets

Several brokerages recently commented on VEON. Wall Street Zen downgraded shares of VEON from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 26th. Northland Securities assumed coverage on shares of VEON in a report on Tuesday, June 9th. They issued an “outperform” rating and a $70.00 target price for the company. Zacks Research downgraded shares of VEON from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Weiss Ratings cut shares of VEON from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Rothschild & Co Redburn set a $74.00 price target on shares of VEON and gave the company a “buy” rating in a research report on Thursday, April 16th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.