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3Q24 Results: Telefônica Brasil S.A.
VIVTelefonica Brasil S.A.(VIV) Prnewswire·2024-11-05 22:27

Core Insights - Telefônica Brasil reported strong operating performance in 3Q24, with growth in revenues, EBITDA, and net income, alongside reduced Capex intensity [1] Financial Performance - Net Operating Revenue reached R14,039million,a7.114,039 million, a 7.1% increase YoY, driven by Mobile Services revenue growth of 8.8% YoY [2][3] - EBITDA totaled R5,950 million, reflecting a 7.4% YoY increase, with an EBITDA margin of 42.4% [2][3] - Net Income attributed to Telefônica Brasil was R1,667million,markinga13.31,667 million, marking a 13.3% YoY increase [5] Revenue Breakdown - Mobile Services revenue was R9,212 million, up 8.8% YoY, supported by a 10.4% increase in postpaid revenue [2] - FTTH revenue grew by 14.0% YoY to R1,790million,withthenetworkpresentin444citiesand6.7millionhomesconnected[3]−Fixedrevenueincreasedby3.61,790 million, with the network present in 444 cities and 6.7 million homes connected [3] - Fixed revenue increased by 3.6% YoY, driven by FTTH and Corporate Data, ICT, and Digital Services [3] Cost and Cash Flow - Total Costs increased by 6.8% YoY to R8,089 million, while Operating Cash Flow reached R9,972million,a12.09,972 million, a 12.0% YoY increase [2][4] - Free Cash Flow was R1,671 million, down 12.9% YoY [2] Capital Expenditure - Capex ex-IFRS 16 was R2,495million,adecreaseof5.02,495 million, a decrease of 5.0% YoY, representing 17.8% of revenues [4] - Investments focused on enhancing mobile network capabilities, particularly 5G coverage, which is now available in 394 cities [4] Shareholder Remuneration - Shareholder remuneration for 2024 was R4,790 million, with commitments to distribute at least 100% of net income for each fiscal year from 2024 to 2026 [5]