Telefonica Stock Price, News & Analysis

Telefônica Brasil S.A. (NYSE: VIV) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission on February 17, 2023. The report provides comprehensive insights into the company’s financial performance and can be accessed via the SEC's website or the company's investor relations site. Shareholders may also request a hard copy of the audited financial statements at no charge. This filing is crucial for investors monitoring the company’s compliance and financial health.

Telefônica Brasil (VIV) reported robust growth in its 4Q22 and full-year results. Net Operating Revenues reached R$12,659 million, marking a 10.1% YoY increase. The customer base expanded to 112 million accesses, representing a 13.7% growth. Mobile Service Revenue surged by 13.6% YoY, with postpaid and prepaid revenues increasing by 13.2% and 15.0%, respectively. The company declares R$5,104 million in dividends for 2022 and proposes an additional R$826.7 million to be ratified in April 2023. Despite a 57.2% decline in net income, the outlook remains positive with a projected CAPEX of up to R$9 billion for 2023.

Telefônica Brasil (NYSE: VIV) reported solid financial results for 3Q22, with Net Operating Revenues reaching R$12,199 million, up 10.6% year-over-year. Mobile Service Revenue grew 13.8%, alongside a significant 25.9% rise in Handset Revenue. Despite disconnecting 3 million inactive mobile accesses, Postpaid and Prepaid Revenues saw growth of 12.0% and 21.5%, respectively. Recurring EBITDA increased by 12.3% to R$4,957 million, with a margin of 40.6%. The company also initiated a share buyback program amounting to R$144 million and reported a 9.2% dividend yield.

Telefônica Brasil (VIV) reported strong financial results for 2Q22, with net operating revenues increasing by 11.1% year-over-year to R$11.831 billion, driven by mobile service revenue growth of 15.1%. The company added 4.671 million postpaid accesses through the Oi Mobile acquisition and achieved total subscribers of 113.706 million. Recurring EBITDA rose 8.3% to R$4.578 billion with a margin of 38.7%. Despite a 44.6% decline in net income to R$746 million, free cash flow post-leases improved by 15.5% to R$2.157 billion. The company also issued R$3.5 billion in sustainability-linked bonds.

Telefônica Brasil (B3: VIVT3; NYSE: VIV) reported a historic net revenue growth of 4.6% YoY in 1Q22, reaching R$ 11,352 million, marking its highest growth in seven years. The company achieved a total of 100 million accesses, with 91.9% being core subscribers. Mobile service revenue rose by 5.7%, bolstered by 1.3 million new postpaid customers. However, total costs increased by 7.0%, outpacing inflation at 11.3%. EBITDA was R$ 4,511 million, with a margin of 39.7%. The acquisition of Oi’s mobile assets could yield R$ 5.4 billion in synergies.

Telefônica Brasil (NYSE: VIV) reported a net income of R$6.2 billion for 4Q21, marking a significant 30.6% increase from 2020. The company achieved net operating revenues of R$11.5 billion, a 2.8% rise year-on-year. Mobile revenues grew by 3.7%, with postpaid customers reaching 49.6 million. Total costs rose 4% but remained below inflation. The recurring EBITDA was R$4.933 billion, yielding a margin of 42.9%. Free cash flow stood at R$7.4 billion, and dividends of R$6.3 billion were distributed, translating to a 7.7% yield.

Telefônica Brasil (B3: VIVT3; NYSE: VIV) reported strong financial results for 3Q21, with net operating revenues reaching R$11,033 million, a 2.2% increase year-on-year. Mobile service revenue experienced its best annual growth in six years, up 5.7%, leading to a net profit surge of 8.5% to R$1,315 million.

Recurring EBITDA also grew by 2.1% to R$4,414 million, maintaining a steady margin of 40.0%. The company declared R$1.9 billion in interest on capital, realizing a dividend yield of 7.4%, while free cash flow amounted to R$2,634 million.

Telefônica Brasil (B3: VIVT3; NYSE: VIV) reported a strong performance in 2Q21, with net income increasing by 20.9% year-over-year to R$1,345 million. The company experienced revenue growth driven by mobile and fiber accesses, with net operating revenues reaching R$10,649 million (+3.2% y-o-y). Core revenue rose to R$9,453 million (+8.2% y-o-y), while fiber revenues surged 49.7%. Despite total costs rising by 3.4%, recurring EBITDA climbed 3.0% to R$4,226 million. The company maintained a dividend yield of 7.7%, showcasing efficient financial management.

Telefônica Brasil (B3: VIVT3; NYSE: VIV) reported a positive 1Q21, with net revenues increasing by 0.2% year-on-year to R$10,849 million, driven by growth in fiber and core businesses. Key metrics include a 4.7% increase in core revenue to R$9,563 million and a significant 17.2% rise in fixed core revenue. EBITDA rose to R$4,455 million (+0.5% y-o-y) with a margin of 41.1%. Free cash flow improved by 3.7% to R$2,199 million. Shareholder remuneration declared reached R$700 million, yielding a 7.9% dividend. The company continues to expand its digital service offerings.