Telefônica Brasil announces its results for 2Q24

Core Viewpoint - Telefônica Brasil reported strong operating performance in 2Q24, achieving above-inflation growth in revenues, EBITDA, and net income [3]. Financial Performance - Net Operating Revenue reached R$13,679 million, a 7.4% increase year-over-year (YoY) [4]. - EBITDA totaled R$5,455 million, reflecting a 7.3% YoY growth, with an EBITDA margin of 39.9% [4][6]. - Net Income attributed to Telefônica Brasil was R$1,222 million, an 8.9% increase YoY [8]. Revenue Breakdown - Mobile Services revenue grew by 8.8% YoY, driven by a 9.7% increase in Postpaid Revenue and a 7.2% increase in customer base [5]. - Fixed revenue increased by 3.9% YoY, primarily due to a 17.1% growth in FTTH Revenue [6]. Operational Metrics - Operating Cash Flow reached R$3,114 million, up 14.0% YoY, with a margin of 22.8% [7]. - Total Subscribers increased to 114,683 thousand, a 2.5% growth YoY [4]. Capital Expenditure - CAPEX ex-IFRS 16 was R$2,341 million, a slight decrease of 0.5% YoY, representing 17.1% of revenues [7]. Shareholder Remuneration - Shareholder remuneration paid in 2024 reached R$4,137 million, with commitments to distribute at least 100% of net income for each fiscal year from 2024 to 2026 [8].