2Q22 Results: Telefônica Brasil S.A.
SÃO PAULO, July 26, 2022 /PRNewswire/ -- Telefônica Brasil - (B3: VIVT3; NYSE: VIV), announces its results for 2Q22.
Acceleration of the customer base evolution leads to double-digit revenue growth
R$ million | 2Q22 | 2Q21 | % y-o-y | 6M22 | 6M21 | % y-o-y |
Net Operating Revenues | 11,831 | 10,649 | 11.1 | 23,183 | 21,498 | 7.8 |
Core Revenue | 10,839 | 9,453 | 14.7 | 21,124 | 19,016 | 11.1 |
Mobile Revenue | 8,110 | 6,990 | 16.0 | 15,691 | 14,138 | 11.0 |
Fixed Core Revenue | 2,729 | 2,462 | 10.8 | 5,433 | 4,878 | 11.4 |
Non-Core Revenue | 992 | 1,197 | (17.1) | 2,059 | 2,483 | (17.1) |
Recurring Total Costs | (7,253) | (6,423) | 12.9 | (14,093) | (12,817) | 10.0 |
Reported Total Costs | (7,253) | (5,860) | 23.8 | (14,093) | (12,254) | 15.0 |
Recurring EBITDA | 4,578 | 4,226 | 8.3 | 9,090 | 8,681 | 4.7 |
Recurring EBITDA Margin | 38.7 % | 39.7 % | (1.0) p.p. | 39.2 % | 40.4 % | (1.2) p.p. |
Reported EBITDA | 4,578 | 4,789 | (4.4) | 9,090 | 9,244 | (1.7) |
Reported EBITDA Margin % | 38.7 % | 45.0 % | (6.3) p.p. | 39.2 % | 43.0 % | (3.8) p.p. |
Net Income | 746 | 1,345 | (44.6) | 1,496 | 2,287 | (34.6) |
Capex | Ex- IFRS 16 | 2,575 | 2,251 | 14.4 | 4,455 | 4,194 | 6.2 |
Operating Cash Flow (OpCF) | 2,003 | 1,975 | 1.4 | 4,634 | 4,487 | 3.3 |
OpCF/Net Revenue Margin | 16.9 % | 18.5 % | 0.1 | 20.0 % | 20.9 % | (4.2) |
Free Cash Flow after Lease Payments | 2,157 | 1,868 | 15.5 | 4,634 | 4,067 | (13.9) |
Total Subscribers (thousand) | 113,706 | 96,721 | 17.6 | 113,706 | 96,721 | 17.6 |
Core Subscribers | 105,821 | 87,197 | 21.4 | 105,821 | 87,197 | 21.4 |
Non-Core Subscribers | 7,885 | 9,524 | (17.2) | 7,885 | 9,524 | (17.2) |
Net Operating Revenue grew
the Oi Mobile acquisition). Revenue increase was driven by the accelerated expansion of the customer base growth, which now has 114 million total accesses, due to the incorporation of Oi Mobile and solid organic growth in the quarter. Handset revenue had a robust increase of
We added 4,671 thousand postpaid accesses with the acquisition of Oi Mobile. However, our organic growth also presented solid additions of 1,361 thousand new accesses this quarter. Core services subscribers account now for
Vivo reached 5.0 million (+
Core fixed revenue (+
Recurring Total Costs grew
Recurring EBITDA totaled R
In 2Q22, we bought back R
Free Cash Flow after Leases reached R
In July 2022, Telefônica Brasil issued R
TELEFÔNICA BRASIL – Investor Relations
Christian Gebara
David Melcon
João Pedro Carneiro
Gabriel Figueiredo Menezes
ir.br@telefonica.com
To download the complete version of the Company's earnings release, please visit our website: http://www.telefonica.com.br/ir
View original content:https://www.prnewswire.com/news-releases/2q22-results-telefonica-brasil-sa-301593829.html
SOURCE Telefônica Brasil S.A.