Veon lifts 2025 outlook as digital services expand in Pakistan, other key markets
(Web news)Telecoms group Veon on Monday raised its full-year profit outlook for 2025, citing growing demand for its digital services.
The company now expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to grow by 16 percent to 18 percent, up from its previous forecast of 14 percent to 16 percent, which was revised during the second quarter.
Veon posted third-quarter adjusted EBITDA of $524 million, up 20 percent year-on-year, as revenue grew 7.5 percent to $1.12 billion.
Revenue from direct digital services rose 63 percent year-on-year to $198 million, accounting for about 18 percent of Veon’s total revenue, up from 12 percent in the same period last year.
Veon taps into its mobile subscriber base in markets including Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan by bundling connectivity with services such as mobile payments, ride-hailing, entertainment platforms, and delivery solutions, aiming to enhance profit margins.
