VEON 2Q24 Trading update

In 2Q24, VEON’s total revenues reached USD 1,026 million, an increase of 12.1% YoY in reported currency (+15.1% YoY in local currency). EBITDA was USD 459 million, rising 10.6% YoY in reported currency terms (+13.9% YoY in local currency). 

Direct revenues from our digital business, which we will be reporting on a quarterly basis going forward, accounted for 10% of our total revenues in 1H24 and grew at a pace of 77% year-on-year, driven by the strong execution of our DO1440 strategy.

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