Telefonica Brasil's Earnings Surge Far Exceeding Expectations

Published 3 hours agoVIV

Telefonica Brasil's Earnings Surge Far Exceeding Expectations

Telefonica Brasil has reported a remarkable financial performance, as evidenced by its most recent earnings release. The company posted an earnings per share (EPS) of $1.08, significantly outperforming analyst expectations, which stood at just $0.174. Additionally, Telefonica Brasil's revenue came in at an impressive $14.58 billion, far exceeding the consensus estimate of $2.48 billion, as reported by investing.com.

Supporting these robust results, Telefonica Brasil's net income rose to 1.76 billion reais ($306.64 million), marking a year-over-year increase of 10.1%, as noted by marketscreener.com. The company's mobile services revenue grew by 7.0% to 9.2 billion reais, while its fixed revenue saw an 8.0% uptick, driven by Fiber-to-the-Home (FTTH), and Corporate Data, ICT, and Digital Services. The company's EBITDA also experienced a healthy growth of 7.8%, reaching 6.2 billion reais with a margin of 42.5%. Meanwhile, capital expenditure rose 2.3% from the previous year, totaling 9.166 billion reais.

Telefonica Brasil's focus on shareholder remuneration was evident, distributing 5.845 billion reais, which represents a 22.1% increase from the previous year, equating to a payout of 105.3% of net income. These figures reflect the company's strategic focus on maintaining financial stability while enhancing shareholder value.

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