Amplitude Announces Second Quarter 2025 Financial Results
"Q2 was a strong quarter. We delivered the highest net-new ARR in nearly three years and saw record multi-product adoption," said Spenser Skates, CEO and co-founder of Amplitude. "This progress reflects our deliberate focus on the enterprise and platform expansion strategy. We're still early in the opportunity, and AI will be a key part of how we drive value going forward."
Second Quarter 2025 Financial Highlights:
(in millions, except per share and percentage amounts)
Non-GAAP income (loss) from operations and non-GAAP net income (loss) per share exclude expenses related to stock-based compensation expense and related employer payroll taxes and amortization of acquired intangible assets. Stock-based compensation expense and the related employer payroll taxes were $25.3 million in the second quarter of 2025 compared to $23.3 million in the second quarter of 2024. Free cash flow is GAAP net cash provided by operating activities, less cash used for purchases of property and equipment and capitalized internal-use software costs. The section titled "Non-GAAP Financial Measures" below contains a description of the non-GAAP financial measures. Reconciliations of historical GAAP to non-GAAP information are presented in the accompanying tables.
Second Quarter and Recent Business Highlights:
Named a Leader and a Customer Favorite in The Forrester Wave™: Digital Analytics Solutions, Q3 2025 report. Amplitude received the highest 'Current Offering' category score of all vendors in the report, as well as the highest scores possible in 21 criteria.
Ranked #1 in eight categories in G2's Summer 2025 report, including the top spot in Product Analytics for the 20th quarter in a row.
Announced the beta launch of Amplitude AI Agents, which are designed to automate product management tasks like monitoring data, spotting patterns and changes, watching user sessions, forming hypotheses, running experiments, shipping changes, and monitoring impact.
Released a suite of new marketing capabilities designed to allow teams to easily see what drives conversions and lifetime value (LTV), confidently measure return on ad spend, and more precisely target audiences with relevant messaging.
Welcomed teams from Kraftful, Inari, and June to accelerate AI innovation.
Annual Recurring Revenue was $335 million, an increase of 16% year-over-year and an increase of $15 million compared to the first quarter of 2025.
GAAP Net Loss per share was $0.19, based on 131.4 million shares, compared to a loss of $0.19 per share, based on 122.6 million shares, in the second quarter of 2024.
Non-GAAP Net Income (Loss) per share was $0.01, based on 140.2 million diluted shares, compared to $(0.00) per share, based on 122.6 million basic shares, in the second quarter of 2024.
Cash Flow from Operations was $20.1 million, a $10.9 million increase year-over-year.
Free Cash Flow was $18.2 million, a $11.4 million increase year-over-year.
The number of customers with $100,000 or greater in ARR increased to 634, or 16% year-over-year growth.
Financial Outlook:
The third quarter and full year 2025 outlook information provided below is based on Amplitude's current estimates and is not a guarantee of future performance. These statements are forward-looking and actual results may differ materially. Refer to the 'Forward-Looking Statements' section below for information on the factors that could cause Amplitude's actual results to differ materially from these forward-looking statements.
For the third quarter and full year 2025, the Company expects:
An outlook for GAAP income (loss) from operations, GAAP net income (loss), GAAP net income (loss) per share and a reconciliation of expected non-GAAP income (loss) from operations to GAAP income (loss) from operations, expected non-GAAP net income (loss) to GAAP net income (loss), and expected non-GAAP net income (loss) per share to GAAP net income (loss) per share have not been provided as the quantification of certain items included in the calculation of GAAP income (loss) from operations, GAAP net income (loss) and GAAP net income (loss) per share cannot be reasonably calculated or predicted at this time without unreasonable efforts. For example, the non-GAAP adjustment for stock-based compensation expense requires additional inputs such as the number and value of awards granted that are not currently ascertainable, and the non-GAAP adjustment for amortization of acquired intangible assets depends on the timing and value of intangible assets acquired that cannot be accurately forecasted.
Conference Call Information:
Amplitude will host a live video webcast to discuss its financial results for its second quarter ended June 30, 2025, as well as the financial outlook for its third quarter and full year 2025 today at 2:00 PM Pacific Time / 5:00 PM Eastern Time. Interested parties may access the webcast, earnings press release, and investor presentation on the events section of Amplitude's investor relations website at investors.amplitude.com. A replay will be available in the same location a few hours after the conclusion of the live webcast.
Forward-Looking Statements:
This press release contains express and implied "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial outlook for the third quarter and full year 2025, the opportunity for the use of AI to drive value for the Company going forward, the Company's growth strategy and business aspirations and its market position and market opportunity. These statements are often, but not always, made through the use of words or phrases such as 'may,' 'should,' 'could,' 'predict,' 'potential,' 'believe,' 'expect,' 'continue,' 'will,' 'anticipate,' 'seek,' 'estimate,' 'intend,' 'plan,' 'projection,' 'would,' and 'outlook,' or the negative version of those words or phrases or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not statements of historical fact, and are based on current expectations, estimates, and projections about the Company's industry as well as certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond the Company's control. These statements are subject to numerous uncertainties and risks that could cause actual results, performance, or achievement to differ materially and adversely from those anticipated or implied in the statements, including risks related to: the Company's limited operating history and rapid growth over the last several years, which makes it difficult to forecast the Company's future results of operations; the Company's history of losses; any decline in the Company's customer retention or expansion of its commercial relationships with existing customers or an inability to attract new customers; expected fluctuations in the Company's financial results, making it difficult to project future results; the Company's focus on sales to larger organizations and potentially increased dependency on those relationships, which may increase the variability of the Company's sales cycles and results of operations; downturns or upturns in new sales, which may not be immediately reflected in the Company's results of operations and may be difficult to discern; unfavorable conditions in the Company's industry or the global economy, including as a result of the imposition of tariffs or other trade protection measures, or reductions in information technology spending, which could limit the Company's ability to grow its business; the market for SaaS applications, which may develop more slowly than the Company expects or decline; the Company's intellectual property rights, which may not protect its business or provide the Company with a competitive advantage; and evolving privacy and other data-related laws; and the impact of sanctions related to Russia on the Company's ability to collect receivables. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are or will be included under the caption "Risk Factors" and elsewhere in the reports and other documents that the Company files with the Securities and Exchange Commission from time to time, including the Company's Quarterly Report on Form 10-Q being filed at or around the date hereof. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
Non-GAAP Financial Measures:
This press release includes financial information that has not been prepared in accordance with GAAP. The Company uses non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating the Company's ongoing operational performance. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company's financial results with other companies in the industry, many of which present similar non-GAAP financial measures to investors. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in the Company's industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, free cash flow does not reflect the Company's future contractual commitments and the total increase or decrease of its cash balance for a given period.
Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. A reconciliation of the Company's non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures below.
Non-GAAP Gross Profit, Non-GAAP Gross Margin, Non-GAAP Operating Expenses, Non-GAAP Income (Loss) from Operations, Non-GAAP Operating Margin, Non-GAAP Net Income (Loss), and Non-GAAP Net Income (Loss) per Share.
The Company defines these non-GAAP financial measures as their respective GAAP measures, excluding expenses related to stock-based compensation expense and related employer payroll taxes, amortization of acquired intangible assets, and non-recurring costs such as restructuring and other related charges. The Company excludes stock-based compensation expense and related employer payroll taxes, which is a non-cash expense, from certain of its non-GAAP financial measures because it believes that excluding this item provides meaningful supplemental information regarding operational performance. The Company excludes amortization of intangible assets, which is a non-cash expense, related to business combinations from certain of its non-GAAP financial measures because such expenses are related to business combinations and have no direct correlation to the operation of the Company's business. Although the Company excludes these expenses from certain non-GAAP financial measures, the revenue from acquired companies subsequent to the date of acquisition is reflected in these measures and the acquired intangible assets contribute to the Company's revenue generation. The Company excludes non-recurring costs from certain of its non-GAAP financial measures because such expenses do not repeat period-over-period and are not reflective of the ongoing operation of the Company's business.
The Company uses non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income (loss) from operations, non-GAAP operating margin, non-GAAP net income (loss), and non-GAAP net income (loss) per share in conjunction with its traditional GAAP measures to evaluate the Company's financial performance. The Company believes that these measures provide its management, board of directors, and investors consistency and comparability with its past financial performance and facilitate period-to-period comparisons of operations.
Free Cash Flow and Free Cash Flow Margin. The Company defines free cash flow as net cash provided by (used in) operating activities, less cash used for purchases of property and equipment and capitalized internal-use software costs. Free cash flow margin is calculated as free cash flow divided by total revenue. The Company believes that free cash flow and free cash flow margin are useful indicators of liquidity that provide its management, board of directors, and investors with information about its future ability to generate or use cash to enhance the strength of its balance sheet and further invest in its business and pursue potential strategic initiatives.
Definitions of Business Metrics:
Annual Recurring Revenue
The Company defines Annual Recurring Revenue ('ARR') as the annual recurring revenue of subscription agreements at a point in time based on the terms of customers' contracts, including certain premium services that are subject to contractual subscription terms and Plus customers that we expect to recur. ARR should be viewed independently of revenue, and does not represent the Company's GAAP revenue on an annualized basis, as it is an operating metric that can be impacted by contract start and end dates and renewal rates. ARR is also not intended to be a forecast of revenue.
Dollar-Based Net Retention Rate
The Company calculates dollar-based net retention rate as of a period end by starting with the ARR from the cohort of all customers as of 12 months prior to such period-end (the 'Prior Period ARR'). The Company then calculates the ARR from these same customers as of the current period-end (the 'Current Period ARR'). Current Period ARR includes any expansion and is net of contraction or attrition over the last 12 months, but excludes ARR from new customers as well as any overage charges in the current period. The Company then divides the total Current Period ARR by the total Prior Period ARR to arrive at the dollar-based net retention rate ("NRR"). The Company then calculates the average of the trailing 12-month dollar-based net retention rates, to arrive at the dollar-based net retention rate ('NRR (TTM)').
About Amplitude:
Amplitude is the leading digital analytics platform that helps companies unlock the power of their products. Over 4,300 customers, including Atlassian, NBCUniversal, Under Armour, Square, and Jersey Mike's, rely on Amplitude to gain self-service visibility into the entire customer journey. Amplitude guides companies every step of the way as they capture data they can trust, uncover clear insights about customer behavior, and take faster action. When teams understand how people are using their products, they can deliver better product experiences that drive growth. Amplitude is the best-in-class analytics solution for product, data, and marketing teams, ranked #1 in multiple categories in G2's Summer 2025 Report. Learn how to optimize your digital products and business at amplitude.com.
AMPLITUDE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(unaudited)
Three Months Ended June 30, Six Months Ended June 30,
2025
2024
2025
2024
Revenue
$
83,270
$
73,300
$
163,223
$
145,924
Cost of revenue (1)
22,812
19,485
43,016
38,374
Gross profit
60,458
53,815
120,207
107,550
Operating expenses:
Research and development (1)
$
24,094
$
21,145
$
47,627
$
44,098
Sales and marketing (1)
46,955
44,144
91,101
84,961
General and administrative (1)
16,503
15,686
32,771
30,356
Total operating expenses
87,552
80,975
171,499
159,415
Loss from operations
(27,094
)
(27,160
)
(51,292
)
(51,865
)
Other income (expense), net
2,980
3,950
5,725
7,621
Loss before provision for income taxes
(24,114
)
(23,210
)
(45,567
)
(44,244
)
Provision for income taxes
554
205
1,332
631
Net loss
$
(24,668
)
$
(23,415
)
$
(46,899
)
$
(44,875
)
Net loss per share
Basic and diluted
$
(0.19
)
$
(0.19
)
$
(0.36
)
$
(0.37
)
Weighted-average shares used in calculating net loss per share:
Basic and diluted
131,364
122,633
130,534
121,730
(1) Amounts include stock-based compensation expense as follows:
Three Months Ended June 30, Six Months Ended June 30,
2025
2024
2025
2024
Cost of revenue
$
1,469
$
1,548
$
2,736
$
3,022
Research and development
8,657
8,197
16,163
17,111
Sales and marketing
9,740
8,647
17,559
15,518
General and administrative
4,639
4,346
8,644
8,151
Total stock-based compensation expense
$
24,505
$
22,738
$
45,102
$
43,802
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AMPLITUDE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(unaudited)
Three Months Ended June 30, Six Months Ended June 30,
2025
2024
2025
2024
Cash flows from operating activities:
Net loss
$
(24,668
)
$
(23,415
)
$
(46,899
)
$
(44,875
)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
Depreciation and amortization
2,374
1,312
4,659
2,762
Stock-based compensation expense
24,505
22,738
45,102
43,802
Other
351
(450
)
605
(689
)
Non-cash operating lease costs
1,205
980
2,333
1,965
Changes in operating assets and liabilities:
Accounts receivable
5,055
1,219
(10,325
)
(5,565
)
Prepaid expenses and other current assets
(5,268
)
(2,857
)
(3,635
)
(5,065
)
Deferred commissions
(4,018
)
3
(4,725
)
129
Other noncurrent assets
(1,017
)
(2,042
)
(1,836
)
(4,951
)
Accounts payable
(239
)
(12,056
)
945
(709
)
Accrued expenses
3,643
3,290
1,770
2,783
Deferred revenue
19,655
21,664
26,988
21,865
Operating lease liabilities
(1,524
)
(1,158
)
(2,950
)
(2,272
)
Net cash provided by (used in) operating activities
20,054
9,228
12,032
9,180
Cash flows provided by (used in) investing activities:
Cash received from maturities of marketable securities
14,458
15,000
23,008
57,500
Purchase of marketable securities
(30,778
)
—
(64,513
)
(18,352
)
Purchase of property and equipment
(538
)
(606
)
(977
)
(963
)
Capitalization of internal-use software costs
(1,348
)
(1,781
)
(2,113
)
(2,514
)
Cash paid for acquisitions, net of cash acquired
(400
)
—
(400
)
—
Net cash provided by (used in) investing activities
(18,606
)
12,613
(44,995
)
35,671
Cash flows provided by (used in) financing activities:
Proceeds from the exercise of stock options
591
1,463
2,120
3,257
Cash received for tax withholding obligations on equity award settlements
302
737
1,680
2,283
Cash paid for tax withholding obligations on equity award settlements
(11,318
)
(7,404
)
(20,315
)
(16,537
)
Repurchase of common stock
(2,537
)
—
(2,537
)
—
Net cash provided by (used in) financing activities
(12,962
)
(5,204
)
(19,052
)
(10,997
)
Net increase (decrease) in cash, cash equivalents, and restricted cash
(11,514
)
16,637
(52,015
)
33,854
Cash, cash equivalents, and restricted cash at beginning of the period
132,058
266,577
172,559
249,360
Cash, cash equivalents, and restricted cash at end of the period
$
120,544
$
283,214
$
120,544
$
283,214
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AMPLITUDE, INC.
Reconciliation of GAAP to Non-GAAP Data
(In thousands, except percentages and per share amounts)
(unaudited)
Three Months Ended June 30, Six Months Ended June 30,
2025
2024
2025
2024
Reconciliation of gross profit and gross margin
GAAP gross profit
$
60,458
$
53,815
$
120,207
$
107,550
Plus: stock-based compensation expense and related employer payroll taxes
1,469
1,548
2,736
3,022
Plus: amortization of acquired intangible assets
187
62
369
332
Non-GAAP gross profit
$
62,114
$
55,425
$
123,312
$
110,904
GAAP gross margin
72.6
%
73.4
%
73.6
%
73.7
%
Non-GAAP adjustments
2.0
%
2.2
%
1.9
%
2.3
%
Non-GAAP gross margin
74.6
%
75.6
%
75.5
%
76.0
%
Reconciliation of operating expenses
GAAP research and development
$
24,094
$
21,145
$
47,627
$
44,098
Less: stock-based compensation expense and related employer payroll taxes
(9,031
)
(8,482
)
(17,110
)
(18,014
)
Non-GAAP research and development
$
15,063
$
12,663
$
30,517
$
26,084
GAAP research and development as percentage of revenue
28.9
%
28.8
%
29.2
%
30.2
%
Non-GAAP research and development as percentage of revenue
18.1
%
17.3
%
18.7
%
17.9
%
GAAP sales and marketing
$
46,955
$
44,144
$
91,101
$
84,961
Less: stock-based compensation expense and related employer payroll taxes
(10,018
)
(8,837
)
(18,176
)
(16,090
)
Less: amortization of acquired intangible assets
(125
)
(44
)
(247
)
(87
)
Non-GAAP sales and marketing
$
36,812
$
35,263
$
72,678
$
68,784
GAAP sales and marketing as percentage of revenue
56.4
%
60.2
%
55.8
%
58.2
%
Non-GAAP sales and marketing as percentage of revenue
44.2
%
48.1
%
44.5
%
47.1
%
GAAP general and administrative
$
16,503
$
15,686
$
32,771
$
30,356
Less: stock-based compensation expense and related employer payroll taxes
(4,789
)
(4,456
)
(9,062
)
(8,510
)
Non-GAAP general and administrative
$
11,714
$
11,230
$
23,709
$
21,846
GAAP general and administrative as percentage of revenue
19.8
%
21.4
%
20.1
%
20.8
%
Non-GAAP general and administrative as percentage of revenue
14.1
%
15.3
%
14.5
%
15.0
%
Reconciliation of operating loss and operating margin
GAAP loss from operations
$
(27,094
)
$
(27,160
)
$
(51,292
)
$
(51,865
)
Plus: stock-based compensation expense and related employer payroll taxes
25,307
23,323
47,084
45,636
Plus: amortization of acquired intangible assets
312
106
616
419
Non-GAAP income (loss) from operations
$
(1,475
)
$
(3,731
)
$
(3,592
)
$
(5,810
)
GAAP operating margin
(32.5
%)
(37.1
%)
(31.4
%)
(35.5
%)
Non-GAAP adjustments
30.8
%
32.0
%
29.2
%
31.6
%
Non-GAAP operating margin
(1.8
%)
(5.1
%)
(2.2
%)
(4.0
%)
Reconciliation of net income (loss)
GAAP net income (loss)
$
(24,668
)
$
(23,415
)
$
(46,899
)
$
(44,875
)
Plus: stock-based compensation expense and related employer payroll taxes
25,307
23,323
47,084
45,636
Plus: amortization of acquired intangible assets
312
106
616
419
Less: income tax effect of non-GAAP adjustments
—
(16
)
—
(158
)
Non-GAAP net income (loss)
$
951
$
(2
)
$
801
$
1,022
Reconciliation of net income (loss) per share
GAAP net income (loss) per share, basic
$
(0.19
)
$
(0.19
)
$
(0.36
)
$
(0.37
)
Non-GAAP adjustments to net income (loss)
0.20
0.19
0.37
0.38
Non-GAAP net income (loss) per share, basic
$
0.01
$
(0.00
)
$
0.01
$
0.01
Non-GAAP net income (loss) per share, diluted
$
0.01
$
(0.00
)
$
0.01
$
0.01
Weighted-average shares used in GAAP and non-GAAP per share calculation, basic
131,364
122,633
130,534
121,730
Weighted-average shares used in GAAP and non-GAAP per share calculation, diluted (1)
140,210
122,633
139,804
130,400
Note: Certain figures may not sum due to rounding
(1) For the three and six months ended June 30, 2025 and for the six months ended June 30, 2024, the weighted average shares used in the GAAP per share calculation excludes 8.8 million shares, 9.3 million shares, and 8.7 million shares, respectively, as the effect is anti-dilutive in the period.
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AMPLITUDE, INC.
Historicals - Key Business Metrics
(In millions, except percentages)
(unaudited)
March 31,
2024 June 30,
2024 September 30,
2024 December 31,
2024 March 31,
2025 June 30,
2025
Annual Recurring Revenue (ARR)
$
285
$
290
$
298
$
312
$
320
$
335
Dollar-based Net Retention Rate (NRR)
97%
96%
98%
100%
101%
104%
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For the second quarter, VEON revenues grew 5.9% year-on-year to USD 1,087 million in reported currency (USD). In local currency terms, 2Q25 growth was 11.2% YoY, exceeding the blended weighted average inflation rate in our operating countries of 8.6% in the quarter, showcasing our ability to implement fair pricing and capturing higher consumer wallet share. VEON's revenue performance was supported by increasingly robust direct digital revenue growth, which rose by 56.6% YoY in reported currency, and by 62.4% YoY in local currency terms. Direct digital revenues comprised 16.5% of total revenues in 2Q25, up from 5.4% a year ago. EBITDA reached USD 520 million, up 13.2% year-on-year in reported currency and growing 19.6% in local currency terms. Capex, at USD 231 million for 2Q25, implies a capex intensity of 21.3% for the quarter and LTM capex intensity of 21.4% (+3.4 p.p. YoY, 18.3% excl. Ukraine) as VEON focused on enhancing network quality and supporting its digital transformation initiatives. Total cash and cash equivalents and deposits as of June 30, 2025 amounted to USD 1,283 million (including USD 326 million related to customer deposits from banking operations in Pakistan) with USD 206 million held at the HQ level. Net debt to EBITDA, excluding lease liabilities, was at 1.32x as of June 30, 2025. Outlook for 2025 VEON is revising its 2025 outlook and now expects local currency revenue growth of 13% to 15% year-on-year, and local currency EBITDA growth of 14% to 16% year-on-year. The Group's capex intensity for 2025 is expected to remain within the 17% to 19% range. VEON's third and final phase of its previously announced share buyback program, which commenced on 17 June 2025, was completed on 01 August 2025. VEON acquired 722,588 ADSs for a total consideration of US$35 million as part of this third phase of buyback. With this, VEON has completed its previously announced (01 Aug 2024) US$100 million share buyback program. Commenting on the results, VEON Group CEO Kaan Terzioglu said: 'VEON has continued its strong momentum into the second quarter of 2025, delivering solid results that reflect both disciplined execution and strategic clarity. 'We are making rapid progress in our digital operator strategy. We welcomed Uklon to the VEON family in April, marking a strategic milestone and our commitment to expanding our digital services footprint and unlocking new growth opportunities. We deliver innovative and locally relevant digital services that enhance our customers' lives every minute of the day. Together, these strategies position VEON as a frontrunner in digital transformation across frontier markets. 'Looking ahead, our teams continue to execute with discipline, and the underlying demand across our markets remains robust. Consequently, we are revising our outlook for 2025 and now expect local currency revenue growth of between 13% to 15% year-on-year and local currency EBITDA growth of between 14% to 16% year-on-year. Capex intensity for 2025 is expected to remain within the range of 17% to 19%. We continue to focus on disciplined execution and innovation to deepen customer impact and enhance long-term shareholder value creation.' Additional information View the full 2Q25 Earnings Release View 2Q25 Results PresentationView 2Q25 Factbook 2Q25 results conference call VEON will also host a results conference call with senior management at 16:00 GST (14:00 CET, 8:00 EST) today. To register and access the event, please click here or copy and paste this link to the address bar of your browser: Once registered, you will receive registration confirmation on the email address mentioned during registration with the link to access the webcast and dial-in details to listen to the conference call over the phone. We strongly encourage you to watch the event through the webcast link, but if you prefer to dial in, then please use the dial-in details. Q&A If you want to participate in the Q&A session, we ask that you select the 'Yes' option on the 'Will you be asking questions live on the call?' dropdown. That will bring you to a page where you can join the Q&A room by clicking 'Connect to meeting'. You will be brought into a zoom webinar where you can listen to the presentation and once Q&A begins, if you have a question, please use the 'raise hand button' on the bottom of your zoom screen. When it is your turn to speak, the moderator will announce your name as well as sending a message to your screen asking you to confirm you want to talk. Once accepted, please unmute your mic and ask your question. You can also submit your questions prior the webcast event to VEON Investor Relations at ir@ About VEON VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit: Notice to readers: financial information presented VEON's results and other financial information presented in this document are, unless otherwise stated, prepared in accordance with International Financial Reporting Standards ("IFRS") based on internal management reporting, are the responsibility of management and have not been externally audited, reviewed, or verified. As such, you should not place undue reliance on this information. This information may not be indicative of the actual results for any future period. Notice to readers: impact of the war in Ukraine The ongoing war in Ukraine and the resulting sanctions adopted by the United States, member states of the European Union, the European Union itself, the United Kingdom, Ukraine and certain other nations, countersanctions and other legal and regulatory responses, as well as responses by our service providers, partners, suppliers and other counterparties, and the other indirect and direct consequences of the war have impacted and, if the war, such responses and other consequences continue or escalate, may significantly impact our results and aspects of our operations in Ukraine and may significantly affect our results and aspects of our operations in the other countries in which we operate. We are closely monitoring events in Ukraine, as well as the possibility of the imposition of further legal and regulatory restrictions in connection with the ongoing war in Ukraine and any potential impact the war may have on our results, whether directly or indirectly. Our operations in Ukraine continue to be affected by the war. We are doing everything we can to protect the safety of our employees, while continuing to ensure the uninterrupted operation of our communications, financial and digital services. Disclosure regarding Ukraine Tower Company (UTC) consolidation The financial results presented for Kyivstar as part of VEON Group's consolidated Q2 2025 financial statements include the full consolidation of Ukraine Tower Company LLC ('UTC'), consistent with its current ownership and control structure. However, it should be noted that in connection with the anticipated standalone listing of Kyivstar on Nasdaq, the financial disclosures prepared for the listed entity will exclude UTC, as UTC will not be consolidated within the scope of the listed Kyivstar entity at the time of listing. Disclaimer VEON's results and other financial information presented in this document are, unless otherwise stated, prepared in accordance with International Financial Reporting Standards ("IFRS") and have not been externally reviewed and/or audited. The financial information included in this document is preliminary and is based on a number of assumptions that are subject to inherent uncertainties and subject to change. The financial information presented herein is based on internal management accounts, is the responsibility of management and is subject to financial closing procedures which have not yet been completed and has not been audited, reviewed or verified. Certain amounts and percentages that appear in this document have been subject to rounding adjustments. As a result, certain numerical figures shown as totals, including those in the tables, may not be an exact arithmetic aggregation of the figures that precede or follow them. Although we believe the information to be reasonable, actual results may vary from the information contained above and such variations could be material. As such, you should not place undue reliance on this information. This information may not be indicative of the actual results for the current period or any future period. This document contains 'forward-looking statements', as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by words such as 'may,' 'might,' 'will,' 'could,' 'would,' 'should,' 'expect,' 'plan,' 'anticipate,' 'intend,' 'seek,' 'believe,' 'estimate,' 'predict,' 'potential,' 'continue,' 'contemplate,' 'possible' and other similar words. Forward-looking statements include statements relating to, among other things, VEON's plans to implement its strategic priorities, operating model and development plans; VEON's ability to achieve anticipated performance results, including VEON's growth trajectory and ability to generate sufficient cash flow to meet upcoming obligations; VEON's intended expansion of its digital experience including through technologies such as artificial intelligence; VEON's assessment of the impact of the war in Ukraine, including related sanctions and counter-sanctions, on its current and future operations and financial condition; VEON's assessment of the impact of the political conflict in Bangladesh; future market developments and trends; operational and network development and network investment, including expectations regarding the roll-out and benefits of 3G/4G/LTE networks, as applicable; spectrum acquisitions and renewals; the effect of the acquisition of additional spectrum on customer experience; VEON's ability to realize the acquisition and disposition of any of its businesses and assets as well as the impact of the consolidation of such newly acquired business and assets, like Uklon into VEON's financials and results of operations; VEON's ability to execute its strategic transactions in the timeframes anticipated, or at all ,including VEON's ability to complete the business combination that will result in the listing of Kyivstar on the Nasdaq Stock Market LLC; VEON's ability to realize financial improvements, including an expected reduction of net pro-forma leverage ratio following the successful completion of certain dispositions and acquisitions; its dividends; and VEON's ability to realize its targets and commercial initiatives in its various countries of operation. The forward-looking statements included in this document are based on management's best assessment of VEON's strategic and financial position and of future market conditions, trends and other potential developments. These discussions involve risks and uncertainties. The actual outcome may differ materially from these statements as a result of, among other things: further escalation in the war in Ukraine, including further sanctions and counter-sanctions and any related involuntary deconsolidation of our Ukrainian operations; demand for and market acceptance of VEON's products and services; our plans regarding our dividend payments and policies, as well as our ability to receive dividends, distributions, loans, transfers or other payments or guarantees from our subsidiaries; continued volatility in the economies in VEON's markets; governmental regulation of the telecommunications industries; general political uncertainties in VEON's markets; government investigations or other regulatory actions; litigation or disputes with third parties or regulatory authorities or other negative developments regarding such parties; the impact of export controls and laws affecting trade and investment on our and important third-party suppliers' ability to procure goods, software or technology necessary for the services we provide to our customers, including those that arise as a results of baseline or so called "reciprocal tariffs" imposed in the countries in which we operate; risks associated with data protection or cyber security, other risks beyond the parties' control or a failure to meet expectations regarding various strategic priorities, the effect of foreign currency fluctuations, increased competition in the markets in which VEON operates and the effect of consumer taxes on the purchasing activities of consumers of VEON's services. Certain other factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risk factors described in VEON's 2024 Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the 'SEC') on April 25, 2025 and other public filings made from time to time by VEON with the SEC. Other unknown or unpredictable factors also could harm our future results. New risk factors and uncertainties emerge from time to time and it is not possible for our management to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Under no circumstances should the inclusion of such forward-looking statements in this document be regarded as a representation or warranty by us or any other person with respect to the achievement of results set out in such statements or that the underlying assumptions used will in fact be the case. Therefore, you are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date hereof. We cannot assure you that any projected results or events will be achieved. Except to the extent required by law, we disclaim any obligation to update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made, or to reflect the occurrence of unanticipated events. Contact Information VEONInvestor Relationsir@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
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Nethermind's Work in Blockchain Infrastructure is Shaping the Future of AI Agents and Digital Identity
This content was provided by Acumen Media for Demerzel. This advertiser content was paid for and created by Acumen. Neither CBS News nor CBS News Brand Studio, the brand marketing arm of CBS News, were involved in the creation of this content. The next phase of enterprise automation is here. AI agents are starting to act on behalf of users and organizations: managing tasks, making decisions and executing transactions. Nethermind, a blockchain research and engineering company, provides the infrastructure layer that makes these interactions verifiable, programmable and secure. Its tools already power Ethereum and its scaling solutions, enabling the deployment of agent-driven systems at scale. In the agentic economy, autonomous agents interact with financial platforms and digital services, transferring value and executing logic without direct human oversight. Blockchain makes this possible by offering a shared execution environment, built-in trust guarantees and interoperability across systems. This enables enterprises to automate operations while introducing entirely new service models. Nethermind is building the systems that allow agents to access tokenized assets, verify credentials, and coordinate across decentralized protocols independently and securely. Nethermind sits at the intersection of blockchain and AI, translating protocol research into production-ready infrastructure. Its Ethereum client secures over 30% of the network and underpins many core applications. One example is AuditAgent, an AI system that analyzes smart contracts and anchors findings on-chain. This blend of automation and transparency is a template for how agents will serve regulated industries. Ethereum is already home to enterprise-grade applications such as BlackRock's BUIDL, Stripe's stablecoin payments and identity ecosystems like WorldID. Nethermind is a core contributor to Ethereum, actively shaping protocol development. It builds infrastructure designed for high performance, modularity and the demands of agent-driven systems. Agentic infrastructure reduces costs by automating workflows and enforcing compliance. But more importantly, it enables differentiated services. As agents become primary participants, enterprises must adapt, offering programmable, context-aware systems that respond to agents acting on users' behalf. Nethermind supports these capabilities with live tooling, including identity-based access controls and zero-knowledge onboarding components. "While less than one percent of financial assets are currently on blockchain, this will multiply dramatically," said Tomasz Stańczak, Founder of Nethermind and Co-Executive Director at the Ethereum Foundation. With deep protocol expertise and a track record in Ethereum infrastructure, Nethermind is helping define the architecture for the agentic economy.
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If You Invested $10K In Meta Platforms Stock 10 Years Ago, How Much Would You Have Now?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Meta Platforms Inc. (NASDAQ:META) owns and operates several prominent social media platforms and communication services, including Facebook, Instagram, and WhatsApp. It is set to report its Q3 2025 earnings on Oct. 29. Wall Street analysts expect the company to post EPS of $5.95, down from $6.03 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $45.87 billion, up from $40.59 billion a year earlier. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. If You Bought Meta Platforms Stock 10 Years Ago The company's stock traded at approximately $94.06 per share 10 years ago. If you had invested $10,000, you could have bought roughly 106 shares. Currently, shares trade at $761.15, meaning your investment's value could have grown to $80,922 from stock price appreciation alone. However, Meta Platforms also paid dividends during these 10 years. Meta Platforms' dividend yield is currently 0.28%. Over the last 10 years, it has paid about $3.05 in dividends per share, which means you could have made $324 from dividends alone. Summing up $80,922 and $324, we end up with the final value of your investment, which is $81,246. This is how much you could have made if you had invested $10,000 in Meta Platforms stock 10 years ago. This means a total return of 712.46%. In comparison, the S&P 500 total return for the same period is 262.27%. Trending: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— What Could The Next 10 Years Bring? Meta Platforms has a consensus rating of "Buy" and a price target of $819.38 based on the ratings of 41 analysts. The price target implies more than 7% potential upside from the current stock price. The company on July 30 announced its Q2 2025 earnings, posting revenues of $47.52 billion, beating the consensus estimate of $44.58 billion. The company reported EPS of $7.14, above the consensus of $5.79 per share. Total revenue was up 22% on a year-over-year basis. Family daily active people climbed 6% year-over-year to 3.48 billion. Ad impressions jumped 11% year-over-year and average price per ad increased by 9% expects Q3 revenue to be in the range of $47.50 billion to $50.50 billion, better than the consensus estimate of $45.87 billion. Given the historical stock price appreciation and expected upside potential, growth-focused investors may find Meta Platforms stock attractive. Furthermore, they can benefit from the company's modest dividend yield of 0.28%. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's , starting today. Image: Shutterstock This article If You Invested $10K In Meta Platforms Stock 10 Years Ago, How Much Would You Have Now? originally appeared on
