Veon increases 2025 profit outlook again on strong digital services demand

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% to 18%, up from its previous forecast of 14% to 16%, which was revised during the second quarter.

Veon posted third-quarter adjusted EBITDA of $524 million, up 20% year-on-year, as revenue grew 7.5% to $1.12 billion.