VEON (NasdaqGS:VEON) Stock Ignores Profit Rebuild As Digital Momentum Strengthens

VEON's Q2 2026 earnings showed a strong rebuild in profitability, with net income reaching US$122m despite a 1% stock dip. Digital services now account for 27% of revenue and contribute more EBITDA than traditional telecom, indicating a successful shift in strategy. However, bears question the long-term impact on group margins and the market's subdued reaction suggests ongoing skepticism regarding past volatility and one-off losses.