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Telefonica Brasil, S.A., operating under the brand name Vivo, stands as Brazil's largest wireless carrier. As part of the global Telefonica Group, Vivo manages a commanding 40% market share with 99 million customers, predominantly in the postpaid segment where it holds a 42% market share. The company generates the majority of its revenue (approximately 70%) from wireless services and equipment.
Beyond mobile services, Vivo is the incumbent fixed-line operator in São Paulo and has an extensive fiber network across Brazil, courtesy of its acquisition of GVT. This network provides internet access to 6.6 million households, also offering pay-TV and phone services. Additionally, corporate data and IT services, including cloud computing, contribute 8% to its revenue.
Vivo is committed to maintaining its lead in technological advancements, developing new solutions in areas like e-health, video, M2M, mobile advertising, and mobile payments. The company's continuous innovation helps improve the lives of its customers while driving growth and operational efficiency.
In recent financial results, Vivo demonstrated robust growth with a 7.6% year-over-year increase in net revenue, driven by a 10.4% rise in Mobile Service Revenue. The company's EBITDA rose by 11.1%, highlighting strong mobile service performance and cost management. The firm's fiber network has expanded, now reaching 24.7 million homes.
Shareholder returns also reflect Vivo's strong performance, with significant dividends, interest on capital, and share buybacks declared up to mid-2023. The company's net income saw a 47.2% growth, showcasing its strong financial health and commitment to maximizing shareholder value.
With a focus on digital transformation, Telefonica Brasil is carving a path for future growth, emphasizing areas like Digital B2B, Financial Services, and Video + Music OTTs. This diversified approach is designed to enhance revenue streams and reinforce its market leadership.
Telefônica Brasil (VIV) reports strong Q3 2024 results with notable growth across key metrics. Net operating revenue increased 7.1% YoY to R$14,039 million, driven by mobile services (+8.8%) and FTTH (+14.0%). EBITDA grew 7.4% YoY to R$5,950 million with a 42.4% margin. Net income rose 13.3% YoY to R$1,667 million. The company expanded its 5G coverage to 394 cities, reaching 57% of Brazil's population. Total subscribers increased 3.3% YoY to 115.2 million. Capex decreased 5.0% YoY while operating cash flow improved 18.6% YoY. The company committed to distribute ≥100% of net income as dividends for 2024-2026.
Telefônica Brasil (B3: VIVT3; NYSE: VIV) reported strong 2Q24 results with above-inflation growth in revenues, EBITDA, and net income. Key highlights include:
- Net Operating Revenue: R$13,679 million (+7.4% YoY)
- EBITDA: R$5,455 million (+7.3% YoY)
- Net Income: R$1,222 million (+8.9% YoY)
- Earnings per Share: R$0.74 (+9.5% YoY)
Growth was driven by strong performance in Mobile Service Revenue (+8.8% YoY) and FTTH Revenue (+17.1% YoY). The company's FTTH network now covers 444 cities with 27.3 million homes passed. Telefônica Brasil has committed to distribute at least 100% of net income as shareholder remuneration for 2024-2026.
Telefônica Brasil reported strong results for 1Q24 with above-inflation growth in revenues, EBITDA, and net income. The company saw a 6.5% YoY increase in net operating revenue, driven by mobile services, FTTH, and corporate data services. EBITDA grew by 6.8% YoY, reaching R$5,277 million, with a margin of 39.0%. Operating cash flow increased by 4.5% YoY to R$3,403 million. The company's net income attributed to Telefônica Brasil reached R$896 million in 1Q24, a 7.3% YoY increase.
Telefônica Brasil S.A. (NYSE: VIV) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission on February 17, 2023. The report provides comprehensive insights into the company’s financial performance and can be accessed via the SEC's website or the company's investor relations site. Shareholders may also request a hard copy of the audited financial statements at no charge. This filing is crucial for investors monitoring the company’s compliance and financial health.
Telefônica Brasil (VIV) reported robust growth in its 4Q22 and full-year results. Net Operating Revenues reached R$12,659 million, marking a 10.1% YoY increase. The customer base expanded to 112 million accesses, representing a 13.7% growth. Mobile Service Revenue surged by 13.6% YoY, with postpaid and prepaid revenues increasing by 13.2% and 15.0%, respectively. The company declares R$5,104 million in dividends for 2022 and proposes an additional R$826.7 million to be ratified in April 2023. Despite a 57.2% decline in net income, the outlook remains positive with a projected CAPEX of up to R$9 billion for 2023.
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