Insights and updates

3Q24 Effects: Telefônica Brasil S.A.

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SAO PAULO, Nov. 5, 2024 /PRNewswire/ — Telefônica Brasil – (B3: VIVT3; NYSE: VIV), declares its effects for 3Q24.

Robust working efficiency to effect revenues, EBITDA, and web source of revenue expansion along side diminished Capex depth.

R$ million

 3Q24

 3Q23

% Y-o-Y

9M24

9M23

% Y-o-Y








Web Running Income

14,039

13,112

7.1

41,264

38,565

7.0

Cellular Products and 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

Company Knowledge, 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

Alternative Revenues¹

1,053

1,202

(12.4)

3,236

3,777

(14.3)

Overall Prices

(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 / Web Income 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 / Web Income Margin

33.5 %

33.6 %

(0.1) p.p.

31.4 %

31.4 %

0.0 p.p.

Web Source of revenue

1,667

1,472

13.3

3,785

3,429

10.4

Income according to Percentage (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

Running Money Stream (OpCF)

3,455

2,913

18.6

9,972

8,901

12.0

OpCF/ Web Income Margin

24.6 %

22.2 %

2.4 p.p.

24.2 %

23.1 %

1.1 p.p.

Running Money Stream AL (OpCF AL)

2,207

1,774

24.4

6,255

5,446

14.9

OpCF AL / Web Income Margin

15.7 %

13.5 %

2.2 p.p.

15.2 %

14.1 %

1.0 p.p.

Detached Money Stream

1,671

1,918

(12.9)

7,139

7,556

(5.5)








Overall Subscribers (Thousand)

115,245

111,582

3.3

115,245

111,582

3.3

1

Alternative Revenues come with Resonance, xDSL, FTTC and IPTV.

Web earnings grew (+7.1% YoY), pushed via the sturdy efficiency of Cellular Provider Income (MSR) (+8.8 YoY), boosted via double-digit expansion in postpaid earnings (+10.4% YoY). Postpaid’s sturdy efficiency is matching to the build up in buyer bottom (+7.6% YoY), which totaled 65.0 million within the quarter, pushed via migrations from pay as you go and including unutilized consumers, that contributed to the +3.5% YoY build up in postpaid ex-M2M and ex-dongles ARPU, to R$53.0.

Mounted earnings higher +3.6% YoY, pushed via the FTTH (+14.0% YoY) and Company Knowledge, ICT and Virtual Products and services (+6.5% YoY) revenues. FTTH community is lately found in 444 towns (+5 towns YoY) with 28.3 million properties handed (+12.7% YoY) and 6.7 million properties hooked up (+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 sturdy efficiency of cell provider earnings (+8.8% YoY) and value regulate (+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 against good our cell community, with emphasis on 5G protection, this is already found in 394 towns, together with all towns with over 200 thousand population, representing 57% of the Brazilian crowd.

In 9M24, Running Money Stream totaled R$9,972 million (+12.0% YoY), with a margin of 24.2% (+1.1 p.p. YoY) over web earnings.

Web source of revenue attributed to Telefônica Brasil reached R$1,667 million in 3Q24 (+13.3% YoY). Shareholder remuneration paid up in 2024 used to be R$4,790 million (+0.1% vs FY 2023), of which R$2,190 million of passion on fairness, R$1,500 million in capital aid, month R$1,110 million have been invested in proportion buybacks. For the years 2024 to 2026, the Corporate has dedicated to distribute an quantity equivalent to or above 100% of web source of revenue for each and every fiscal while.

To obtain your entire model of the Corporate’s profits let fall, please consult with our web site: https://ri.telefonica.com.br/en

SOURCE Telefônica Brasil S.A.

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