Kyivstar lifts 2026 outlook after $349 million Q3 revenue
Key points
- Kyivstar Group (NASDAQ:KYIV) reported third-quarter 2026 revenue of $349 million, up 17.5% year over year, while EBITDA increased 10.3% to $189 million.
- Digital revenue surged 68.9% to $76 million, representing 21.7% of total group revenue, while free cash flow increased to $83 million from $34 million.
- Kyivstar raised its 2026 revenue growth forecast to 15%–17% and EBITDA growth guidance to 10%–12%, while maintaining capital spending intensity guidance of 21%–24%.
Kyivstar Group (NASDAQ:KYIV) reported third-quarter 2026 revenue of $349 million, up 17.5% year over year, as net profit reached $99 million compared with a $89 million loss in the prior-year quarter.
Revenue growth reflected stronger mobile services and digital operations, with telecommunications and infrastructure revenue increasing 8.4% to $273 million and digital revenue rising 68.9% to $76 million.
EBITDA increased 10.3% to $189 million, representing a 54% margin, while the telecommunications and infrastructure margin declined 3.1 percentage points to 57.7% because of higher energy costs.
Free cash flow increased to $83 million from $34 million, and quarter-end cash reached $436 million.
Kyivstar raised its 2026 revenue growth forecast to 15%–17% from 14%–16% and EBITDA growth guidance to 10%–12% from 9%–12%, while maintaining capital spending intensity guidance of 21%–24%.
Kyivstar operates Ukraine's telecommunications network, providing mobile and fixed-line voice, internet, data and enterprise connectivity services, alongside digital businesses in healthcare, ride-hailing, digital television and cloud computing.
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