3Q24 Results: Telefônica Brasil S.A.
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 (VIV) ha riportato risultati forti per il terzo trimestre del 2024, con una crescita significativa in metriche chiave. I ricavi operativi netti sono aumentati del 7,1% rispetto all'anno precedente, raggiungendo R$14.039 milioni, grazie ai servizi mobili (+8,8%) e al FTTH (+14,0%). EBITDA è cresciuto del 7,4% anno su anno, raggiungendo R$5.950 milioni, con un margine del 42,4%. Il reddito netto è aumentato del 13,3% rispetto all'anno precedente, arrivando a R$1.667 milioni. L'azienda ha ampliato la copertura 5G a 394 città, raggiungendo il 57% della popolazione brasiliana. Il numero totale di abbonati è aumentato del 3,3% su base annua, per un totale di 115,2 milioni. Gli investimenti sono diminuiti del 5,0% anno su anno, mentre il flusso di cassa operativo è migliorato del 18,6% rispetto all'anno precedente. L'azienda si è impegnata a distribuire ≥100% del reddito netto come dividendi per il periodo 2024-2026.
Telefônica Brasil (VIV) informa resultados sólidamente positivos para el tercer trimestre de 2024, con un crecimiento notable en métricas clave. Los ingresos operativos netos aumentaron un 7,1% interanual, alcanzando R$14.039 millones, impulsados por los servicios móviles (+8,8%) y FTTH (+14,0%). EBITDA creció un 7,4% interanual, alcanzando R$5.950 millones, con un margen del 42,4%. Las ganancias netas subieron un 13,3% interanual, alcanzando R$1.667 millones. La empresa amplió su cobertura 5G a 394 ciudades, llegando al 57% de la población de Brasil. El número total de suscriptores aumentó un 3,3% interanual, totalizando 115,2 millones. El capex disminuyó un 5,0% interanual mientras que el flujo de caja operativo mejoró un 18,6% interanual. La empresa se comprometió a distribuir ≥100% de las ganancias netas como dividendos para el período 2024-2026.
텔레포니카 브라질 (VIV)는 2024년 3분기 강력한 실적을 보고하며 주요 지표에서 주목할 만한 성장을 기록했습니다. 순 운영 수익은 전년 대비 7.1% 증가하여 R$14,039백만에 달했으며, 이는 모바일 서비스 (+8.8%) 및 FTTH (+14.0%)에 의해 주도되었습니다. EBITDA는 전년 대비 7.4% 증가하여 R$5,950백만에 달했으며, 이익률은 42.4%입니다. 순이익은 전년 대비 13.3% 증가하여 R$1,667백만에 달했습니다. 이 회사는 5G 커버리지를 394개 도시로 확장하여 브라질 인구의 57%에 도달했습니다. 총 가입자는 전년 대비 3.3% 증가하여 1억 1520만 명에 달했습니다. 자본 지출(Capex)은 전년 대비 5.0% 감소했으며, 운영 현금 흐름은 전년 대비 18.6% 개선되었습니다. 이 회사는 2024-2026년 기간 동안 순이익의 ≥100%를 배당금으로 분배하겠다고 약속했습니다.
Telefônica Brasil (VIV) fait état de résultats solides pour le troisième trimestre 2024, avec une croissance notable dans les indicateurs clés. Le chiffre d'affaires opérationnel net a augmenté de 7,1% par rapport à l'année précédente pour atteindre 14 039 millions de R$, soutenu par les services mobiles (+8,8%) et FTTH (+14,0%). EBITDA a progressé de 7,4% par rapport à l'année précédente, atteignant 5 950 millions de R$, avec une marge de 42,4%. Le revenu net a augmenté de 13,3% par rapport à l'année précédente, atteignant 1 667 millions de R$. L'entreprise a étendu sa couverture 5G à 394 villes, atteignant 57% de la population du Brésil. Le nombre total d'abonnés a augmenté de 3,3% par rapport à l'année précédente, totalisant 115,2 millions. Les investissements (Capex) ont diminué de 5,0% par rapport à l'année précédente, tandis que le flux de trésorerie opérationnel s'est amélioré de 18,6% par rapport à l'année précédente. L'entreprise s'est engagée à distribuer ≥100% du revenu net sous forme de dividendes pour la période 2024-2026.
Telefônica Brasil (VIV) berichtet starke Ergebnisse für das 3. Quartal 2024 mit bemerkenswertem Wachstum in wichtigen Kennzahlen. Der Nettobetriebsumsatz stieg um 7,1% im Vergleich zum Vorjahr auf R$14.039 Millionen, angetrieben durch mobile Dienste (+8,8%) und FTTH (+14,0%). EBITDA wuchs um 7,4% im Vergleich zum Vorjahr auf R$5.950 Millionen mit einer Marge von 42,4%. Der Nettogewinn nahm um 13,3% im Vergleich zum Vorjahr auf R$1.667 Millionen zu. Das Unternehmen hat seine 5G-Abdeckung auf 394 Städte ausgeweitet und erreicht damit 57% der Bevölkerung Brasiliens. Die Gesamtzahl der Abonnenten stieg um 3,3% im Jahresvergleich auf 115,2 Millionen. Die Investitionen (Capex) sanken um 5,0% im Jahresvergleich, während der operative Cashflow um 18,6% im Jahresvergleich verbesserte. Das Unternehmen hat sich verpflichtet, ≥100% des Nettogewinns als Dividende für 2024-2026 auszuschütten.
- Net operating revenue grew 7.1% YoY to R$14,039 million
- EBITDA increased 7.4% YoY to R$5,950 million
- Net income rose 13.3% YoY to R$1,667 million
- Mobile service revenue up 8.8% YoY with postpaid revenue growing 10.4%
- FTTH revenue increased 14.0% YoY
- Operating cash flow improved 18.6% YoY
- Capex intensity reduced by 2.3 percentage points YoY
- Free cash flow declined 12.9% YoY to R$1,671 million
- Other revenues decreased 12.4% YoY
- EBITDA AL margin slightly decreased by 0.1 percentage points YoY
Insights
Telefônica Brasil delivered a robust 3Q24 performance with significant growth across key metrics. Net revenue increased by
Particularly noteworthy is the improvement in operational efficiency, with EBITDA growing
The expansion of FTTH network to 444 cities with 28.3 million homes passed represents significant infrastructure development. The
The reduction in Capex while maintaining network expansion demonstrates improved deployment efficiency. The focus on high-value postpaid customers, evidenced by the
Strong operating performance resulting in revenues, EBITDA, and net income growth along with reduced Capex intensity.
R$ million | 3Q24 | 3Q23 | % Y-o-Y | 9M24 | 9M23 | % Y-o-Y |
Net Operating Revenue | 14,039 | 13,112 | 7.1 | 41,264 | 38,565 | 7.0 |
Mobile Services | 9,212 | 8,465 | 8.8 | 26,821 | 24,614 | 9.0 |
FTTH | 1,790 | 1,570 | 14.0 | 5,264 | 4,568 | 15.2 |
Corporate Data, ICT, and others | 1,129 | 1,060 | 6.5 | 3,389 | 3,195 | 6.1 |
Electronics | 856 | 814 | 5.1 | 2,553 | 2,411 | 5.9 |
Other Revenues¹ | 1,053 | 1,202 | (12.4) | 3,236 | 3,777 | (14.3) |
Total Costs | (8,089) | (7,573) | 6.8 | (24,582) | (22,999) | 6.9 |
EBITDA | 5,950 | 5,539 | 7.4 | 16,682 | 15,566 | 7.2 |
EBITDA / Net Revenue Margin | 42.4 % | 42.2 % | 0.1 p.p. | 40.4 % | 40.4 % | 0.1 p.p. |
EBITDA AL | 4,702 | 4,400 | 6.9 | 12,965 | 12,111 | 7.1 |
EBITDA AL / Net Revenue Margin | 33.5 % | 33.6 % | (0.1) p.p. | 31.4 % | 31.4 % | 0.0 p.p. |
Net Income | 1,667 | 1,472 | 13.3 | 3,785 | 3,429 | 10.4 |
Earnings per Share (EPS) | 1.02 | 0.89 | 14.4 | 2.30 | 2.07 | 11.2 |
CAPEX ex-IFRS 16 | 2,495 | 2,626 | (5.0) | 6,710 | 6,665 | 0.7 |
Operating Cash Flow (OpCF) | 3,455 | 2,913 | 18.6 | 9,972 | 8,901 | 12.0 |
OpCF/ Net Revenue Margin | 24.6 % | 22.2 % | 2.4 p.p. | 24.2 % | 23.1 % | 1.1 p.p. |
Operating Cash Flow AL (OpCF AL) | 2,207 | 1,774 | 24.4 | 6,255 | 5,446 | 14.9 |
OpCF AL / Net Revenue Margin | 15.7 % | 13.5 % | 2.2 p.p. | 15.2 % | 14.1 % | 1.0 p.p. |
Free Cash Flow | 1,671 | 1,918 | (12.9) | 7,139 | 7,556 | (5.5) |
Total Subscribers (Thousand) | 115,245 | 111,582 | 3.3 | 115,245 | 111,582 | 3.3 |
1 | Other Revenues include Voice, xDSL, FTTC and IPTV. |
Net revenue grew (+
Fixed revenue increased +
EBITDA totaled
In 3Q24, Capex ex-IFRS 16 amounted to
In 9M24, Operating Cash Flow totaled
Net income attributed to Telefônica Brasil reached
To download the complete version of the Company's earnings release, please visit our website: https://ri.telefonica.com.br/en
View original content:https://www.prnewswire.com/news-releases/3q24-results-telefonica-brasil-sa-302296988.html
SOURCE Telefônica Brasil S.A.
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