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VEON Ltd. ADS/$VEON

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About VEON Ltd. ADS

VEON Ltd is a United Arab Emirates-based digital operator providing connectivity and Internet services to corporations and individuals. The company offers mobile and fixed-line telecommunications services through a range of traditional and broadband mobile technologies. The company's reportable segments consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. It provides its services under the Beeline, Kyivstar, Banglalink, and Jazz brands. It generates the majority of its revenue from Pakistan. Its telecommunications and digital services include voice, fixed broadband, data and cloud services.
Ticker
$VEON
Sector
Communication
Primary listing
NASDAQ
Employees
18,938
Headquarters
Dubai, United Arab Emirates

VEON Ltd. ADS Metrics

BasicAdvanced
$5.2B
14.06
$5.44
1.62
-

What the Analysts think about VEON Ltd. ADS

Analyst ratings (Buy, Hold, Sell) for VEON Ltd. ADS stock.
Analyst projections of the future price of VEON Ltd. ADS stock.

Bulls say / Bears say

Digital revenue rose 45.9% year on year in the third quarter and digital EBITDA grew 54.5%, with a 36% margin. That suggests these services are becoming a meaningful, profitable growth engine rather than just an add-on to mobile. (VEON)
The core telecom and infrastructure business grew revenue 9.2% in the third quarter, while VEON raised its 2026 revenue and EBITDA growth guidance. Continued pricing and customer growth could sustain earnings momentum beyond the faster-growing digital segment. (VEON)
VEON is returning capital through buybacks and says it will keep repurchasing at least $200 million of shares a year. It has already cancelled 1.08 million ADSs, reducing the share count and increasing each remaining share’s claim on the business. (Reuters, VEON)
Fuel shortages and power cuts are disrupting Bangladesh operations: the CEO told Reuters that data use there has fallen 15% this year, against expected growth of about 40%. Prolonged outages could constrain network service and revenue in a key market. (Reuters)
Cash generation remains a concern: third-quarter free cash flow was down 33.8% year on year, and Fitch expects cash flow after capex and debt costs to remain weak at around 2–3% through 2026–29. High interest, spectrum investment and taxes could limit the cash available for debt reduction or shareholder returns. (VEON, Fitch Ratings)
VEON earns most of its operating cash in local currencies but has dollar-denominated debt, leaving it exposed if currencies such as the Pakistani rupee or Bangladeshi taka weaken sharply. The company warns that devaluation could impair its ability to repay or refinance that debt. (U.S. Securities and Exchange Commission)
Data summarised monthly by Lightyear AI. Last updated on 6 Nov 2026.

VEON Ltd. ADS Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

VEON Ltd. ADS Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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