Telefonica Brasil SA ( (VIV) ) has released its Q3 earnings. Here is a breakdown of the information Telefonica Brasil SA presented to its investors.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Telefônica Brasil SA, operating under the Vivo brand, is a leading telecommunications provider in Brazil, offering mobile and fixed-line services, fiber broadband, and digital solutions across the country.
In its third-quarter earnings report for 2024, Telefônica Brasil SA reported solid financial performance with strong growth in customer base and revenues, driven by its mobile and fiber broadband services.
The company achieved a 7.1% year-over-year increase in net revenue, fueled by a 10.4% growth in postpaid mobile revenue and a significant expansion in fiber-to-the-home (FTTH) connections. The mobile segment saw a 4.0% increase in accesses, with 5G technology now covering 394 cities. Additionally, EBITDA grew 7.4% year-over-year, reflecting effective cost control and robust revenue from mobile services. Investments in infrastructure, particularly 5G and fiber, totaled R$2,495 million, marking a 5.0% decrease from the previous year, indicating optimized capital allocation.
Telefônica Brasil’s net income for the quarter rose by 13.3% year-over-year, reaching R$1,667 million, while operating cash flow improved by 12.0% over the last twelve months. The company continues to focus on expanding its digital ecosystem and enhancing shareholder returns through dividends and share buybacks.
Looking ahead, Telefônica Brasil remains committed to its strategic investments in network expansion and digital services, aiming to maintain its market leadership while enhancing shareholder value through consistent financial performance and efficient capital management.
