Kyivstar Boosts Full-Year Outlook on Strong Digital Growth
Event summary
- Total revenue rose 19.3% YoY to USD 339 mn in Q2 2026, with digital revenue advancing 83.0% YoY to USD 73.7 mn.
- EBITDA increased 13.7% YoY to USD 188 mn, producing a 55.4% margin.
- Equity free cash flow expanded 32.2% YoY to USD 104 mn in the quarter.
- Kyivstar raised its full-year 2026 revenue and EBITDA outlook, expecting USD revenue growth of 14%–16% (prior: 11%–14%) and EBITDA growth of 9%–12% (prior: 7%–10%).
- The Group acquired six solar power plants in the Lviv region, expanding its renewable portfolio nearly ninefold.
The big picture
Kyivstar's strong Q2 performance highlights the growing synergy between its telecom core and expanding digital ecosystem. The Group's strategic acquisitions and investments in renewable energy underscore its focus on resilience and sustainable growth amid a challenging geopolitical landscape. As digital services contribute an increasingly significant portion of revenue, Kyivstar is positioning itself as a leader in Ukraine's digital future.
What we're watching
- Digital Scaling
- How Kyivstar's digital revenue, now contributing over a fifth of total revenue, will continue to scale and integrate with its telecom core.
- Energy Resilience
- Whether the Group's investment in renewable energy infrastructure will sustain its network resilience amid ongoing conflict.
- Market Expansion
- The pace at which Kyivstar can expand its digital ecosystem and services like Uklon, Tabletki, and Syaivo to capture more market share.
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