VEON Ltd's stock soared 17.35% during intraday trading following the release of its fourth-quarter and full-year 2025 financial results, which showcased exceptional performance and exceeded market expectations.

The digital operator reported explosive growth in its digital services segment, with fourth-quarter digital revenues skyrocketing 84.1% year-on-year to $235 million, accounting for 20.1% of total group revenue. This record digital performance drove a 17.4% increase in total revenue to $1.171 billion for the quarter, beating analyst estimates of $1.122 billion. EBITDA for the quarter grew 29.1% to $527 million.

For the full year 2025, VEON's revenue increased 9.9% to $4.399 billion while EBITDA rose 18.8% to $2.009 billion. The company provided optimistic guidance for 2026, expecting total revenue growth of 9%-12% and EBITDA growth of 7%-10% in USD terms. Additional positive developments include the expansion of its Starlink partnership to Bangladesh and disciplined capital allocation through share buyback programs.