Market Overview

1Q19 Results: Telefônica Brasil S.A.


SAO PAULO, May 9, 2019 /PRNewswire/ -- Telefônica Brasil - (B3: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE: VIV), announces its results for 1Q19. 

Change in revenue mix, focusing on high-value services, coupled with cost efficiency to ensure higher profitability, leading to double-digit growth in net income and cash flow

Consolidated in R$ million


% y-o-y

Net Operating Revenues



    Net Mobile Revenues



    Net Fixed Revenues



    Net Handset Revenues



Recurring Operating Costs



Recurring EBITDA



    Recurring EBITDA Margin %


0.4 p.p.

Net Income



Free Cash Flow



Total Accesses (thousand)



Mobile accesses



Fixed accesses




Mobile Market share expansion, reaching 32.1% in March 2019 (+0.3 p.p. y-o-y). Mobile Postpaid accesses increased 9.4% y-o-y, reaching 40.1% of market share in March 2019 (16.2 p.p. above the second player).

Broadband accesses totaled 7,386 thousand customers in 1Q19, with UBB connections already accounting for 68.1% of the base after growing 8.4% y-o-y (with FTTH accesses growing 44.1% y-o-y in 1Q19).

Broadband ARPU recorded y-o-y growth of 12.7% in 1Q19 reaching R$62.2, influenced by the evolution of the ultra-broadband customer base.

Net Operating Revenues increased 1.7% in 1Q19 over 1Q18.

Net Mobile Revenues rose 4.7% y-o-y in 1Q19. This growth was mainly driven by the expansion of Data and Digital Service Revenues and by higher Net Handset Revenues.

Recurring Operating Costs grew 1.1% y-o-y in 1Q19, mainly due to higher expenses related to handset sales, offset by simplification, efficiency and digitalization initiatives. Excluding the cost of goods sold, total costs fell 2.9% y-o-y.

EBITDA totaled R$ 3,903 million in 1Q19, up 2.9% y-o-y, with an EBITDA margin of 35.6% (+0.4 p.p. y-o-y).

Capex totaled R$ 1,696 million in 1Q19, focused on FTTH and on the expansion of coverage and capacity in 4G/4.5G.

Net income increased 22.2% y-o-y, to R$ 1,342 million in 1Q19, as a result of ongoing cost control, strong EBITDA growth and lower financial expenses

Free Cash Flow grew 16% y-o-y in 1Q19 reaching R$1,165 million in the period.

To download the complete version of the Company's earnings release, please visit our website:

Cision View original content:

SOURCE Telefônica Brasil S.A.

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