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.
- 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.
- Starlink Direct-to-Cell is now used by more than 6 mn Kyivstar customers and has expanded beyond messaging to data with select apps.
The big picture
Kyivstar's strong Q2 performance underscores the strategic importance of its digital ecosystem, which is increasingly reinforcing its core telecom business. The company's investments in network resilience and renewable energy highlight its focus on long-term sustainability amidst ongoing geopolitical challenges. As digital services continue to scale profitably, Kyivstar is positioning itself as a leader in Ukraine's digital future.
What we're watching
- Digital Scaling
- How Kyivstar will sustain the rapid growth of its digital revenue, which now represents over 21% of total revenue.
- Energy Resilience
- Whether the acquisition of solar power plants will significantly reduce energy costs and enhance operational stability.
- Regulatory Dynamics
- The pace at which domestic investors can access Kyivstar’s Nasdaq-listed shares through established brokerage channels.
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