SAO
PAULO, Nov. 5, 2024 /PRNewswire/ -- Telefônica
Brasil - (B3: VIVT3; NYSE: VIV), announces its results for
3Q24.
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 (+7.1% YoY), driven by the
strong performance of Mobile Service Revenue (MSR) (+8.8
YoY), boosted by double-digit growth in postpaid revenue
(+10.4% YoY). Postpaid's strong performance is related to the
increase in customer base (+7.6% YoY), which totaled 65.0
million in the quarter, driven by migrations from prepaid and
adding new customers, that contributed to the +3.5% YoY increase in
postpaid ex-M2M and ex-dongles ARPU, to R$53.0.
Fixed revenue increased +3.6% YoY, driven by
the FTTH (+14.0% YoY) and Corporate Data, ICT and Digital
Services (+6.5% YoY) revenues. FTTH network is
currently present in 444 cities (+5 cities YoY) with 28.3
million homes passed (+12.7% YoY) and 6.7 million
homes connected (+12.5% YoY).
EBITDA totaled R$5,950 million
(+7.4% YoY), with a margin of 42.4% (+0.1 p.p. YoY),
reflecting the strong performance of mobile service revenue (+8.8%
YoY) and cost control (+6.8% YoY).
In 3Q24, Capex ex-IFRS 16 amounted to R$2,495 million (-5.0% YoY), representing
17.8% of revenues (-2.3 p.p. YoY), directed towards strengthening
our mobile network, with emphasis on 5G coverage, that is already
present in 394 cities, including all cities with over 200 thousand
inhabitants, representing 57% of the Brazilian
population.
In 9M24, Operating Cash Flow totaled R$9,972 million (+12.0% YoY), with a margin of
24.2% (+1.1 p.p. YoY) over net revenue.
Net income attributed to Telefônica Brasil reached
R$1,667 million in 3Q24
(+13.3% YoY). Shareholder remuneration paid up in 2024 was
R$4,790 million (+0.1% vs FY 2023),
of which R$2,190 million of interest
on equity, R$1,500 million in capital
reduction, while R$1,110 million were
invested in share buybacks. For the years 2024 to 2026, the
Company has committed to distribute an amount equal to or above
100% of net income for each fiscal year.
To download the complete version of the Company's
earnings release, please visit our
website: https://ri.telefonica.com.br/en
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content:https://www.prnewswire.com/news-releases/3q24-results-telefonica-brasil-sa-302296988.html
SOURCE Telefônica Brasil S.A.