Key Points – Kyivstar delivered strong Q1 growth, with revenue up nearly 27% year over year to $323 million and EBITDA rising more than 23% to $173 million.
Equity free cash flow also increased almost 32% to $87 million, showing continued cash generation despite wartime operations in Ukraine. – Digital platforms are becoming a bigger driver of the business, as digital revenue more than tripled to $67 million and now makes up about 21% of total revenue
Multiplay customers, Uklon, Kyivstar TV, Helsi and Tabletki.ua all posted strong expansion, helping diversify the company beyond core telecom. – Management raised full-year 2026 guidance, now expecting revenue growth of 11% to 14% and EBITDA growth of 7% to 10% in U.S. dollar terms. The company also plans to keep investing in network resilience, broadband, and new initiatives like Starlink-based services and further acquisitions. Kyivstar Group (NASDAQ:KYIV) reported double-digit first-quarter growth and raised its full-year 2026 outlook, citing resilient telecom demand, expanding digital platforms and continued cash generation despite operating in Ukraine during wartime.
Chief Executive Officer Oleksandr Komarov said Kyivstar “started 2026 with strong execution,” with revenue reaching $323 million, up nearly 27% year-over-year. EBITDA rose more than 23% to $173 million, while equity free cash flow increased almost 32% to $87 million. Komarov said the company’s telecom core remained resilient while its digital ecosystem continued to scale.