The massive EPS miss will likely overshadow strong operational metrics; traders should monitor upcoming earnings calls for explanations on the loss and whether non-recurring charges contributed. Short-term pressure on the stock is likely despite positive digital momentum.
Price Chart
Executive Summary
VEON reported a significant earnings miss for Q4 2025, with EPS of -$0.44 versus a consensus estimate of $1.86, a 123.7% miss. Despite strong revenue growth of 9.9% YoY and a milestone in digital users surpassing connectivity users, the large negative earnings surprise dominates the narrative.
Key Financial Metrics
Key Facts
- VEON reported EPS of -$0.44 for Q4 2025, missing consensus of $1.86 by 123.7%
- Group revenues increased 9.9% YoY to $4.399 billion in 2025
- Digital service customers (205.8M) exceeded connectivity users (150.2M) for the first time
- Direct digital revenues grew 62.5% YoY, reaching 20.1% of total revenue in Q4 2025
- EBITDA rose 18.8% to $2.009 billion, with local currency EBITDA up 24.2%
Financial Impact
EPS miss of $2.30 versus expectations; revenue beat by $4.399B vs no consensus
Risk Factors
- Large negative EPS surprise raises concerns about profitability and cost structure
- Absence of revenue consensus suggests limited analyst coverage and potential liquidity risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3279609 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 6-K | $80.43 | awaiting T+60 | — | $85.48 (+6.28%) |
Oct 19, 2026 8d ago | 6-K | $82.18 | awaiting T+60 | — | $85.48 (+4.02%) |
Oct 19, 2026 8d ago | Press Release | $82.18 | awaiting T+60 | — | $85.48 (+4.02%) |
Oct 16, 2026 10d ago | SC 13G | $82.18 | awaiting T+60 | — | $85.48 (+4.02%) |
Oct 16, 2026 10d ago | SC 13D/A | $82.18 | awaiting T+60 | — | $85.48 (+4.02%) |
Sep 29, 2026 28d ago | Press Release | $73.97 | awaiting T+60 | — | $85.48 (+15.56%) |
Sep 25, 2026 4w ago | SC 13D/A | $69.41 | awaiting T+60 | — | $85.48 (+23.15%) |
Sep 23, 2026 4w ago | 6-K | $70.36 | awaiting T+60 | — | $85.48 (+21.49%) |
Sep 23, 2026 4w ago | Press Release | $70.36 | awaiting T+60 | — | $85.48 (+21.49%) |
Jul 31, 2026 12w ago | 6-K | $52.29 $84.50 | ▲ +61.60% | ▲ +59.14% | $85.48 (+63.47%) |
US Market Status
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