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GlobeNewswire·

Kyivstar releases 3Q26 results, raises outlook

  • Kyivstar reported 3Q26 revenue of USD 349 mn, a 17.5% year-over-year increase, with digital revenue growing 68.9% to 21.7% of total revenue.
  • EBITDA rose 10.3% YoY to USD 189 mn, achieving a 54.0% margin, while net profit turned positive at USD 99 mn compared to a USD 89 mn loss in 3Q25.
  • Telecommunications and infrastructure revenue grew 8.4% YoY to USD 273 mn, driven by an 8.6% increase in mobile ARPU to USD 4.0 & 11.3% growth in broadband customers.
  • Digital segment EBITDA grew 74.2% to USD 31 mn, supported by 29.5 mn active digital customers & the consolidation of Tabletki.
  • Free cash flow reached USD 83 mn in the quarter & USD 274 mn for the first nine months of 2026, representing a 56.8% increase year-over-year.
  • Capital expenditure fell 25.6% YoY to USD 66 mn, reducing LTM capex intensity to 24.0% from 29.0%.
  • Kyivstar revised its 2026 outlook to expect revenue growth of 15%–17% in USD & EBITDA growth of 10%–12% in USD.
  • The company expanded its Uklon ride-hailing service to four additional Ukrainian cities & five cities in Uzbekistan, & opened a New York office.
  • Strategic developments include an Open Access agreement with Ukrtelecom for fiber network reciprocity & the announced acquisition of GigaCloud.
  • Cash & cash equivalents stood at USD 436 mn as of September 30, 2026, with net liquidity excluding leases at USD 350 mn.
Company
Kyivstar Group Ltd
Keywords
Nasdaq:KYIV, Kyivstar Group Ltd