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SÃO PAULO, Oct. 27, 2021 /PRNewswire/ -- Telefônica Brasil - (B3: VIVT3; NYSE: VIV), announces its results for 3Q21.
Fixed revenue back to growth and best mobile service revenue annual increase in 6 years, combined with net profit growing 8.5%
R$ million
3Q21
3Q20
% y-o-y
9M21
9M20
% y-o-y
Net Operating Revenues
11,033
10,792
2.2
32,532
31,934
1.9
Core Revenue
9,888
9,337
5.9
28,904
27,202
6.3
Mobile Revenue
7,391
7,163
3.2
21,529
20,852
3.2
Fixed Core Revenue
2,496
2,174
14.8
7,375
6,350
16.1
Non-Core Revenue
1,145
1,455
(21.3)
3,628
4,732
(23.3)
Total Recurring Costs
(6,620)
(6,470)
2.3
(19,437)
(19,078)
1.9
Reported Total Costs
(6,203)
(6,470)
(4.1)
(18,457)
(19,002)
(2.9)
Recurring EBITDA
4,414
4,322
2.1
13,095
12,856
1.9
Recurring EBITDA Margin %
40.0%
40.0%
(0.0) p.p.
40.3%
40.3%
(0.0) p.p.
Reported EBITDA
4,830
4,322
11.8
14,075
12,932
8.8
Reported EBITDA Margin %
43.8%
40.0%
3.7 p.p.
43.3%
40.5%
2.8 p.p.
Net Income
1,315
1,212
8.5
3,602
3,478
3.6
Capex | Ex- IFRS 16
2,151
1,803
19.3
6,346
6,346
18.4
Free Cash Flow after Lease Payments
2,634
3,540
(25.6)
6,701
6,701
(20.5)
Total Subscribers (thousand)
97,424
93,718
4.0
97,424
97,424
4.0
Core Subscribers
88,601
82,627
7.2
88,601
88,601
7.2
Non-Core Subscribers
8,823
11,091
(20.4)
8,823
8,823
(20.4)
The customer base totaled 97.4 million accesses. The mobile customer base reached 82.3 million accesses, the highest volume since 2Q15. Postpaid accesses came to 48.1 million, an increase of +4.1 million in the last 12 months.
Mobile market share reached 33.0% in July 2021, reaffirming Vivo's leadership in the mobile business. Vivo's market share in postpaid reached 36.8% in July 2021.
Fiber-to-the-home customers totaled 4.4 million (+39.2% y-o-y), posting strong net additions in 3Q21. Vivo Fibra is available in 309 cities (+65 cities y-o-y) with 18.3 million HPs (+3.8 million HPs in 12 months). FTTH Revenues reached R$1,137 million (+37.2% y-o-y).
Net revenues grew +2.2% y-o-y due to acceleration in mobile service revenue and return of growth in fixed revenue, driven by FTTH and Corporate Data and ICT.Mobile service revenues registered the highest growth in the last 6 years, with an expansion of +5.7% y-o-y. Total fixed revenue grows again after 4 years, with the highest relevance of the core fixed businesses.
Recurring Total Costs went +2.3% up in 3Q21, as cost base is evolving with a higher revenue from core businesses. Nevertheless, growth in costs remained substantially below inflation due to the continuous digitalization efforts.
Recurring EBITDA totaled R$4,414 million (+2.1% y-o-y) in 3Q21, with a recurring EBITDA margin of 40.0%.
Net income equaled R$1,315 million, (+8.5% y-o-y) with improved operating performance. Interest on Capital declared until September-21 reached R$1.9 billion, representing a dividend yield of 7.4% in the last 12 months. The company also accelerated its Share Buyback Program with 5.6 million shares repurchased during 3Q21.
Free Cash Flow after Leasing payments totaled R$2,634 million in 3Q21, due to the Company's efficient financial management.
Vivo and Ânima (B3: ANIM3) are negotiating a 50/50 joint venture to create a business platform focused on lifelong learning and employability.
TELEFÔNICA BRASIL – Investor Relations Christian Gebara David Melcon João Pedro Carneiro Gabriel Menezes +55 11 3430-3687 / 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
somos uma empresa do grupo telefónica, um dos maiores conglomerados de comunicação do mundo, com presença em 20 países e mais de 120 mil colaboradores. no brasil, nossos produtos e serviços são comercializados com a marca vivo, assim como movistar na espanha e países de língua espanhola e o2 reino unido e alemanha. líder em âmbito mundial na oferta de soluções de comunicação, informação e entretenimento, nosso portfólio é amplo e completo, passando por serviços como banda larga fixa e móvel, voz, ultra banda larga, dados e ti. temos trabalhado para nos consolidar como uma telco digital. atualmente desenvolvemos produtos e serviços para que possamos apresentar novas soluções em áreas como e-health, vídeo, m2m, publicidade móvel, pagamento pelo celular, entre outros. com esses produtos, acreditamos que ajudaremos nossos clientes a viver melhor. conecte-se à telefônica brasil e entenda como abrimos caminho para transformar possibilidades em realidade, criando valor para o colaborador, cli