Kyivstar demonstrates growth: record revenues and investments in 2024

Kyivstar Company summarized its financial results for 2024, recording a significant increase in revenues and investments in network development. The operator's total revenue increased by 11% compared to the previous year, reaching UAH 37.27 billion against UAH 33.59 billion in 2023. These data were published in the company's press release.

The growth in the fourth quarter of 2024 was especially noticeable: Kyivstar's revenues rose by 31.5%, increasing from UAH 7.92 billion to UAH 10.41 billion. This indicates a strengthening of the operator's market position and growing demand for its services.

The EBITDA indicator, which reflects the company's operating profit before interest, taxes, depreciation and amortization, also increased. In 2024, it amounted to UAH 20.93 billion, which is 5.8% more than in 2023 (UAH 19.78 billion). At the same time, the average revenue per subscriber (ARPU) increased by 13.8% - from UAH 106 to UAH 121.

Significant investments were made to modernize the network. The company's capital investments in 2024 increased by 60.7%, reaching UAH 10.23 billion. Kyivstar actively improved the stability of communication, installing more than 2.6 thousand generators and 176 thousand batteries at base stations.

Despite the financial success, the number of mobile subscribers in the fourth quarter decreased by 3.8%, to 23 million users, compared to 23.9 million in the same period in 2023. The number of home Internet subscribers also decreased by 2.2% - from 1.2 million to 1.1 million.

At the same time, mobile Internet consumption per user increased by 19.9%, which indicates a growing demand for digital services. The share of 4G subscribers increased by 0.7 pp, reaching 62.8%. Demand for the company's multi-play services jumped by 50.2% compared to the same period in 2023.

Kyivstar continued to expand its digital services ecosystem. As of the end of 2024, 28 million patients, 1,600 medical institutions and 39,000 specialists were registered on the Helsi platform. The number of downloads of the Helsi application reached 9.2 million, and in the fourth quarter alone, 2.4 million online appointments were made, which is 8% more than a year earlier.

Thus, Kyivstar demonstrates stable growth in financial indicators, actively invests in infrastructure and expands its digital services, strengthening its positions in the Ukrainian telecom market.