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Kyivstar revenue jumps 19.8% as Ukrainians use more digital services
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Kyivstar revenue jumps 19.8% as Ukrainians use more digital services
Nov 9, 2025 9:36 PM

Nov 10 (Reuters) - Ukraine's biggest mobile operator

Kyivstar ( KYIV ) reported strong third-quarter revenue growth

on Monday as more Ukrainians used the company's digital

services.

Revenue in the quarter through September rose 19.8%

year-on-year to $297 million (255 million euros).

Kyivstar ( KYIV ) has 23 million mobile subscribers and over 1

million fixed users.

However, the company now generates a significant share

of revenue from what it calls digital services. These platforms

are for TV streaming, ride-hailing, digital advertising and

healthcare.

Revenue from these businesses surged by 526%, accounting

for 11.9% of the group's sales, benefiting from the contribution

of ride-hailing firm Uklon which it agreed to buy in March.

Kyivstar ( KYIV ) became the first Ukrainian company

to list

on a U.S. stock exchange when it went public in August.

The move was

pitched

by its top shareholder Veon as a gateway for American

investors looking to gain exposure to Ukraine's post-war

recovery.

Initial enthusiasm around the listing has given way to

volatility linked to geopolitical events.

Kyivstar's ( KYIV ) market value has edged up 5% since the first

day of trading, reaching $2.8 billion as of last Friday.

(1 euro = $1.1662)

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