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4Q24 Results: Telefônica Brasil S.A.

PR Newswire

SÃO PAULO, Feb. 25, 2025 /PRNewswire/ —

Telefônica Brasil – (B3: VIVT3; NYSE: VIV) announces its results for 4Q24.

Strong operating performance led to robust net income growth and free cash flow generation.



R$ million


 4Q24


 4Q23


% Y-o-Y


2024


2023


% Y-o-Y


Net Operating Revenue


14,581


13,535


7.7


55,845


52,100


7.2

Mobile Services

9,201

8,602

7.0

36,022

33,216

8.4

FTTH

1,829

1,627

12.4

7,093

6,195

14.5

Corporate Data, ICT and Digital Services

1,346

1,111

21.1

4,735

4,307

9.9

Handsets and Electronics

1,177

1,042

13.0

3,730

3,453

8.0

Other Revenues¹

1,029

1,153

(10.7)

4,265

4,930

(13.5)


Total Costs


(8,383)


(7,783)


7.7


(32,965)


(30,782)


7.1


EBITDA


6,199


5,752


7.8


22,880


21,318


7.3


EBITDA Margin


42.5 %


42.5 %


0.0 p.p.


41.0 %


40.9 %


0.1 p.p.


EBITDA AL²


4,831


4,461


8.3


17,796


16,572


7.4


EBITDA AL Margin


33.1 %


33.0 %


0.2 p.p.


31.9 %


31.8 %


0.1 p.p.


Net Income


1,763


1,601


10.1


5,548


5,029


10.3


Earnings per Share (EPS)


1.08


0.97


11.5


3.38


3.03


11.3


CAPEX ex-IFRS 16


2,456


2,295


7.0


9,166


8,960


2.3


Operating Cash Flow (OpCF)


3,742


3,457


8.2


13,714


12,358


11.0


OpCF Margin


25.7 %


25.5 %


0.1 p.p.


24.6 %


23.7 %


0.8 p.p.


Operating Cash Flow AL (OpCF AL)


2,374


2,167


9.6


8,629


7,612


13.4


OpCF AL Margin


16.3 %


16.0 %


0.3 p.p.


15.5 %


14.6 %


0.8 p.p.


Free Cash Flow


1,080


592


82.4


8,219


8,148


0.9


Total Subscribers (Thousand)


116,050


113,001


2.7


116,050


113,001


2.7


1 – Other Revenues include Voice, xDSL, FTTC and IPTV. 2 – AL means After Leases.



Net revenue grew (+7.7% YoY), driven by the strong performance ofmobilepostpaid revenue (+9.1% YoY). Postpaid’s performance is related to the increase in customer base (+7.6% YoY), which totaled 66.5 million in the quarter, driven by migrations from prepaid and the addition of new customers, that contributed to the +1.6% YoY increase in postpaid ex-M2M and ex-dongles ARPU, to R$52.1, while churn stood at historically low levels, 0.99%.

Fixed revenue increased +8.0% YoY, driven by the FTTH (+12.4% YoY) and Corporate Data, ICT and Digital Services (+21.1% YoY) revenues. Our FTTH network reached 29.1 millionhomes passed (+11.2% YoY), with 7.0 million homes connected (+12.7% YoY).

EBITDA expanded +7.8% YoY, with a margin of 42.5%, flat when comparing to 4Q23. EBITDA AL expanded by +8.3% YoY, with a margin of 33.1% (+0.2 p.p. YoY).

In 2024, Capex totaled R$9,166 million (+2.3% YoY), equivalent to 16.4% of revenues (-0.8 p.p. YoY), reflecting a decrease in investment intensity. Investments were directed towards strengthening our 5G network, which is already present in 504 cities (+2.9x YoY), covering 61.3% of the Brazilian population, and expanding our fiber operation.

Operating Cash Flow for the year was R$13,714 million (+11.0% YoY), with a margin of 24.6% (+0.8 p.p. YoY) over net revenue.

Net income attributed to Telefônica Brasil reached R$5,548 million in 2024 (+10.3% YoY). The Company delivered on its guidance of shareholder remuneration paid in 2024, distributing R$5,845 million (vs R$4,786 million in 2023), a growth of +22.1% YoY, reflecting a payout over net income of 105.3%. For the years 2025 and 2026, the Company reaffirms its commitment to distribute an amount equal to or greater than 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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SOURCE Telefônica Brasil S.A.