11:41 AM EDT, 05/15/2025 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

VEON (VEON) shares were up over 16% in recent trading on Thursday after the company posted Q1 earnings and revenue ahead of analysts' consensus.

The company reported Q1 earnings of $1.36 per diluted share, up from $0.79 a year earlier.

An analyst polled by FactSet expected $0.83.

Revenue for the quarter ended March 31 was $1.03 billion compared with $942 million a year earlier.

An analyst surveyed by FactSet expected $996 million.

The company maintained its 2025 total revenue growth guidance of between 12% and 14%. Four analysts surveyed by FactSet expect $4.22 billion.

Price: 57.11, Change: +8.16, Percent Change: +16.67