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Side-by-side financial comparison of MILLICOM INTERNATIONAL CELLULAR SA (TIGO) and VEON Ltd. (VEON). Click either name above to swap in a different company.

Millicom International Cellular SA is a Luxembourgish fixed line and mobile telecommunications services provider operating in Latin America operating under the Tigo brand. Its main shareholder is Xavier Niel, a French billionaire who owns 40% of the company.

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
TIGO
TIGO
VEON
VEON
Q2 25
$1.1B
Q2 24
$1.0B
Q2 23
$916.0M
Q2 22
$957.0M
Net Profit
TIGO
TIGO
VEON
VEON
Q2 25
$608.0M
Q2 24
$89.0M
Q2 23
$271.0M
Q2 22
$184.0M
Operating Margin
TIGO
TIGO
VEON
VEON
Q2 25
75.4%
Q2 24
27.1%
Q2 23
26.4%
Q2 22
23.5%
Net Margin
TIGO
TIGO
VEON
VEON
Q2 25
55.9%
Q2 24
8.7%
Q2 23
29.6%
Q2 22
19.2%
EPS (diluted)
TIGO
TIGO
VEON
VEON
Q2 25
$0.34
Q2 24
$0.04
Q2 23
$0.14
Q2 22
$0.08

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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