Market Overview

2Q19 Results: Telefônica Brasil S.A.


SÃO PAULO, July 24, 2019 /PRNewswire/ -- Telefônica Brasil - (B3: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE: VIV), announces its results for 2Q19. 

Change in revenue mix, focused on high-end services, coupled with digitalization, cost efficiency programs and excellent financial management ensured margin growth, double-digit growth in cash flow and unparalleled shareholder remuneration

Consolidated in R$ million


% y-o-y

Net Operating Revenues



    Net Mobile Revenues



    Net Handset Revenues



    Net Fixed Revenues



Recurring Operating Costs



Recurring EBITDA



    Recurring EBITDA Margin %


0.2 p.p.

Recurring Net Income



Free Cash Flow



Total Accesses (thousand)



Mobile accesses



Fixed accesses



Mobile market share of 32.2% in May 2019 (7.5 p.p. higher than the second player). Postpaid accesses grew 8.5%, accounting for 56.6% of total mobile accesses, with a market share of 40.0% in May 2019.

Broadband accesses totaled 7,268 thousand customers in 2Q19 and FTTH accesses grew 37.9% y-o-y, with 136 thousand net additions in the 2Q19. Broadband ARPU moved up 14.2% over 2Q18 reaching R$63.3. up 14.2% over 2Q18 rea

Net revenues rose 0.4% y-o-y, reflecting the performance of postpaid, terminals and FTTH revenues. Mobile revenues increased 2.3% y-o-y, driven by growth in ARPU, postpaid accesses and handset sales.

Recurring operating costs increased 0.1% y-o-y 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 2.4% y-o-y.

Recurring EBITDA totaled R$ 3,791 million in 2Q19, up 1.0% y-o-y, with an EBITDA margin of 34.9% (+0.2 p.p. y-o-y).

Capex totaled R$ 2,360 million in 2Q19, focused on FTTH and expansion of 4G/4.5G coverage and capacity.

Recurring reported net income grew 26.4% y-o-y in 2Q19, to R$ 1,420 million. Interest on equity of R$ 2,238 million already declared in the first half of 2019.

Free cash flow moved up 11.0% y-o-y, to R$ 2,220 million in 2Q19, driven by EBITDA growth and lower tax expenses.

TELEFÔNICA BRASIL – Investor Relations
Christian Gebara
David Melcon
Luis Plaster
João Pedro Carneiro
+55 11 3430-3687 / 

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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