The telecom firm reported 17% year-on-year revenue growth and a 73.4% jump in equity free cash flow to $246 million.
VEON raised its 2026 revenue growth guidance to 11%-14% after a strong Q1 2026 performance. The company cited accelerating digital revenues and improved cash generation as key drivers.
Revenues in U.S. dollars grew 17% year-on-year, while equity free cash flow surged 73.4% to $246 million. The firm maintained its 7%-10% EBITDA growth guidance for the year.
Management highlighted momentum in capital returns and operational efficiency, reinforcing confidence in the updated outlook.