VEON Reports 4.7% Q4 Sales Growth As Digital Push Accelerates, Eyes Double-Digit Gains In 2025

VEON Ltd (NASDAQ:VEON) shares are trading higher on Thursday after it reported fourth-quarter 2024 sales growth of 4.7% year-over-year to $998 million (+11.1% YoY in local currency) compared to $953 million last year.

Telecom and infrastructure revenues reached $872 million in Q4 2024, up 0.8% YoY in reported currency and 5.4% in local currency. Direct digital revenues rose 42.4% YoY to $126 million, making up 12.6% of total revenue, driven by strong growth in Pakistan and Ukraine.

Total digital monthly active users across all VEON digital services and platforms jumped 27.2% YoY to 121.6 million.

EBITDA rose ...