VEON 3Q24 Trading Update: Another Billion Dollar Revenue Quarter, Digital Drives Growth
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VEON reported a strong Q3 2024 with total revenue of $1.038 billion, a 9.8% increase YoY. Digital revenue grew by 35.1% YoY, while telecom and infrastructure revenue rose by 7.2% YoY. EBITDA slightly decreased by 1.5% YoY. The company reduced its gross debt by $335 million YoY.
November 14, 2024 | 6:15 am
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POSITIVE IMPACT
VEON's Q3 2024 results indicate strong revenue growth driven by digital services, with a 9.8% YoY increase in total revenue and a 35.1% YoY rise in digital revenue. The company also reduced its gross debt by $335 million YoY.
VEON's strong revenue growth, particularly in digital services, and reduction in gross debt are positive indicators for the company's financial health. The YoY increase in revenue and digital growth suggests a positive market response.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100