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VEON shows strong Q1 2026 growth with 17% revenue rise and digital services driving future gains.

Analyst Insights
22 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

VEON reported a robust Q1 2026 with 17% revenue growth, a 43% EBITDA margin, and a 73% increase in equity free cash flow. Digital revenue now accounts for over 25% of total revenue, led by financial services like JazzCash in Pakistan, which boosts average revenue per user and diversifies growth beyond traditional telecom. The company has also extended its debt maturities through refinancing, reducing financial risk despite challenges from geopolitical and regulatory factors in its emerging market operations. This positions VEON as an undervalued telecom stock with strong growth potential in frontier markets.

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