Kyivstar Group Q1 Earnings Call Highlights

Kyivstar Group (NASDAQ:KYIV) reported double-digit first-quarter maturation and raised its full-year 2026 outlook, citing resilient telecom demand, expanding integer platforms and continued currency procreation contempt operating successful Ukraine during wartime.

Chief Executive Officer Oleksandr Komarov said Kyivstar “started 2026 with beardown execution,” with gross reaching $323 million, up astir 27% year-over-year. EBITDA roseate much than 23% to $173 million, portion equity escaped currency travel accrued astir 32% to $87 million.

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Komarov said the company’s telecom halfway remained resilient portion its integer ecosystem continued to scale. Digital gross much than tripled year-over-year to $67 million, representing astir 21% of full gross successful the quarter. The institution said that was up much than 5 percent points from the anterior 4th and much than 13 percent points from a twelvemonth earlier.

Telecom Business Shows ARPU and Data Growth

Kyivstar’s telecom gross grew 8% year-over-year to $256 million. The institution served 22 cardinal mobile customers during the quarter, with annualized churn of 16%. Mobile ARPU roseate 14.1% year-over-year to $3.80, supported by higher information usage and pricing actions, according to management.

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Komarov said customers continued moving to 4G and consuming much data. Monthly information depletion grew 31% to astir 15 gigabytes per user, and astir 70% of the mobile basal is present connected 4G. The company’s fixed broadband basal grew astir 12% to astir 1.2 cardinal customers, including 52,000 users added done the caller Shtorm acquisition.

During the Q&A session, Rothschild & Co. expert Max Findlay asked astir mobile subscriber losses and ARPU growth. Komarov said the diminution successful the lawsuit basal reflected broader marketplace trends, including less customers utilizing aggregate SIM cards, little gross additions aft pricing changes and Ukraine’s demographic situation. He said the largest origin was the diminution successful “double SIM-ers,” peculiarly aft dense blackouts successful December and January.

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On ARPU, Komarov pointed to 2 main drivers: increasing information depletion and “disciplined pricing” aimed astatine addressing ostentation and economical growth. He said the company’s nonsubjective is to support debased double-digit maturation successful the mobile telecom business.

Digital Platforms Drive Revenue Expansion

Kyivstar said its integer platforms present service much than 28 cardinal non-unique integer customers, a fig larger than its mobile subscriber base. The institution besides changed its reporting operation during the quarter, integrating individuality services into its integer endeavor vertical and reporting customers crossed work lines connected a three-month progressive basis.