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

Posted by on Jul 31st, 2026

VEON (NASDAQ:VEON – Get Free Report) announced its quarterly earnings data on Friday. The Wireless communications provider reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.10, RTT News reports. The business 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 in the prior year, the company earned $8.30 EPS.

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 Trading Down 0.9%

Shares of NASDAQ:VEON traded down $0.50 during mid-day trading on Friday, reaching $52.29. 157,705 shares of the company’s stock were exchanged, compared to its average volume of 95,243. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.85 and a current ratio of 0.86. VEON has a twelve month low of $42.60 and a twelve month high of $64.00. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 7.01 and a beta of 1.64. The business’s fifty day moving average price is $52.58 and its 200-day moving average price is $52.40.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Zacks Research cut shares of VEON from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. Benchmark reaffirmed a “buy” rating on shares of VEON in a report on Monday, June 15th. Wall Street Zen cut 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 research note on Tuesday, June 9th. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, Rothschild & Co Redburn set a $74.00 price target on VEON and gave the stock a “buy” rating in a report on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $72.00.

Check Out Our Latest Analysis on VEON

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Caxton Associates LLP boosted its holdings in VEON by 174.0% in the third quarter. Caxton Associates LLP now owns 16,856 shares of the Wireless communications provider’s stock valued at $917,000 after acquiring an additional 10,704 shares during the last quarter. MML Investors Services LLC raised its stake in VEON by 54.3% during the fourth quarter. MML Investors Services LLC now owns 17,028 shares of the Wireless communications provider’s stock worth $895,000 after buying an additional 5,989 shares during the last quarter. Jones Financial Companies Lllp raised its stake 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 worth $740,000 after buying an additional 16,938 shares during the last quarter. Squarepoint Ops LLC acquired a new position in VEON in the fourth quarter valued at $602,000. Finally, NewEdge Advisors LLC lifted its holdings in VEON by 37.3% in the second quarter. NewEdge Advisors LLC now owns 12,590 shares of the Wireless communications provider’s stock valued at $580,000 after buying an additional 3,422 shares during the period. 21.30% of the stock is owned by institutional investors.

About VEON

(Get Free Report)

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.

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Earnings History for VEON (NASDAQ:VEON)

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