{"id":518615,"date":"2021-07-27T18:43:21","date_gmt":"2021-07-27T22:43:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/2q21-results-telefonica-brasil-s-a\/"},"modified":"2021-07-27T18:43:21","modified_gmt":"2021-07-27T22:43:21","slug":"2q21-results-telefonica-brasil-s-a","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/2q21-results-telefonica-brasil-s-a\/","title":{"rendered":"2Q21 Results: Telef\u00f4nica Brasil S.A."},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>S\u00c3O PAULO, <span class=\"xn-chron\">July 27, 2021<\/span> \/PRNewswire\/ &#8212; Telef\u00f4nica Brasil &#8211; (B3: VIVT3; NYSE: VIV), announces its results for 2Q21.\u00a0 <\/p>\n<p>\n        <b>Revenue acceleration driven by positive evolution of mobile and fiber accesses, combined with net profit growing 20.9%<\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <i>R$ million<\/i><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>\u00a02Q21 <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>% y-o-y<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Net Operating Revenues<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>10,649<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>3.2<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnml10\">\n                <span class=\"prnews_span\">Core Revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,453<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8.2<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnml10\">\n                <span class=\"prnews_span\">Mobile Revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6,990<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5.6<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnml10\">\n                <span class=\"prnews_span\">Fixed Core Revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,462<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16.4<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnml10\">\n                <span class=\"prnews_span\">Non-Core Revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,197<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(24.4)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total Costs<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(6,423)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>3.4<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>Recurring Total Costs<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>(5,860)<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>(5.7)<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Recurring EBITDA<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>4,226<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>3.0<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Recurring EBITDA Margin<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>39.7%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(0.1) p.p.<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>Reported EBITDA<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>4,789<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>16.7<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>\u00a0\u00a0\u00a0 Reported EBITDA Margin %<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>45.0%<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>5.2 p.p.<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Net Income<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>1,345<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>20.9<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Capex | Ex- IFRS 16<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2,251<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>17.9<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Free Cash Flow after Lease Payments<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>1,868<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(32.6)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total Subscribers (thousand)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>96,721<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>5.1<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnml10\">\n                <span class=\"prnews_span\">Core Subscribers<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">87,197<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8.7<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnml10\">\n                <span class=\"prnews_span\">Non-Core Subscribers<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,524<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(19.0)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>Mobile market share<\/b>\u00a0reached 33.0% in April 2021[1], reaffirming Vivo&#8217;s leadership in the mobile business. <b>Postpaid accesses<\/b> grew 8.7% y-o-y and accounted for 58.2% of total mobile accesses, with a market share of 36.9% in April 2021\u00b9.<\/p>\n<p>\n        <b>Fiber-to-the-home<\/b>\u00a0broadband customers totaled 4 million (+41.3% y-o-y), posting strong net additions in 2Q21. <b>FTTH Revenues<\/b>\u00a0increased 49.7% versus 2Q20, reaching <span class=\"xn-money\">R$1,062 million<\/span>.<\/p>\n<p>\n        <b>Net revenues <\/b>grew +3.2% y-o-y due to a portfolio of unmatched quality and service.<b>\u00a0Core businesses continues to increase its relevance, as it already represents 89% of total revenues<\/b>.<b> Core fixed<\/b><b>\u00a0revenues<\/b>\u00a0continue to grow significantly (+14.3% y-o-y) while <b>mobile revenues<\/b> are showing solid recovery once again (+5.6% y-o-y).<\/p>\n<p>\n        <b>Total Costs\u00a0went +3.4% up in 2Q21, as cost base is evolving with the sale of handsets and digital services, offsetting this quarter cost reductions based on digitalization and simplification initiatives.<\/b>\n      <\/p>\n<p>\n        <b>Recurring EBITDA <\/b>totaled <span class=\"xn-money\">R$4,226 million<\/span> (+3.0% y-o-y) in 2Q21, with a recurring EBITDA margin of 39.7%.<\/p>\n<p>\n        <b>Investments<\/b>\u00a0of <span class=\"xn-money\">R$2,251 million<\/span> in 2Q21, focused on the expansion of the FTTH network and the capacity of the 4G and 4.5G networks.<\/p>\n<p>\n        <b>Net income equaled <span class=\"xn-money\">R$1,345 million<\/span><\/b>, (+20.9% y-o-y) with improved operating performance. <b>Shareholder remuneration<\/b> declared until June-21 reached <span class=\"xn-money\">R$1,330 million<\/span>, representing a <b>dividend yield<\/b> of 7.7%.<\/p>\n<p>\n        <b>Free Cash Flow after Leasing payments<\/b>\u00a0totaled <span class=\"xn-money\">R$1,868 million<\/span> in 2Q21, reflecting the ongoing, efficient Company&#8217;s financial management.<\/p>\n<p class=\"prntac\">\n        <b>TELEF\u00d4NICA BRASIL \u2013 Investor Relations <br \/><\/b><br \/>\n        <span class=\"xn-person\">Christian Gebara<\/span><br \/>\n        <br \/>\n        <span class=\"xn-person\">David Melcon<\/span><br \/>\n        <br \/>\n        <span class=\"xn-person\">Luis Plaster<\/span><br \/>\n        <br \/>Jo\u00e3o <span class=\"xn-person\">Pedro Carneiro<\/span><br \/>+55 11 3430-3687 \/ <a target=\"_blank\" href=\"mailto:ir.br@telefonica.com\" rel=\"nofollow noopener\">ir.br@telefonica.com<\/a>\u00a0<\/p>\n<p>To download the complete version of the Company&#8217;s earnings release, please visit our website: <a target=\"_blank\" href=\"http:\/\/www.telefonica.com.br\/ir\" rel=\"nofollow noopener\">http:\/\/www.telefonica.com.br\/ir<\/a><\/p>\n<p>\n        <sup>1<\/sup> Most recent market share data published by Anatel with information of all large carriers.\u00a0\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SP56705&amp;sd=2021-07-27\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/2q21-results-telefonica-brasil-sa-301342667.html\">https:\/\/www.prnewswire.com\/news-releases\/2q21-results-telefonica-brasil-sa-301342667.html<\/a><\/p>\n<p>SOURCE  Telef\u00f4nica Brasil S.A.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SP56705&amp;Transmission_Id=202107271840PR_NEWS_USPR_____SP56705&amp;DateId=20210727\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire S\u00c3O PAULO, July 27, 2021 \/PRNewswire\/ &#8212; Telef\u00f4nica Brasil &#8211; (B3: VIVT3; NYSE: VIV), announces its results for 2Q21.\u00a0 Revenue acceleration driven by positive evolution of mobile and fiber accesses, combined with net profit growing 20.9% R$ million \u00a02Q21 % y-o-y Net Operating Revenues 10,649 3.2 Core Revenue 9,453 8.2 Mobile Revenue 6,990 5.6 Fixed Core Revenue 2,462 16.4 Non-Core Revenue 1,197 (24.4) Total Costs (6,423) 3.4 Recurring Total Costs (5,860) (5.7) Recurring EBITDA 4,226 3.0 Recurring EBITDA Margin 39.7% (0.1) p.p. Reported EBITDA 4,789 16.7 \u00a0\u00a0\u00a0 Reported EBITDA Margin % 45.0% 5.2 p.p. Net Income 1,345 20.9 Capex | Ex- IFRS 16 2,251 17.9 Free Cash Flow after Lease Payments 1,868 (32.6) Total Subscribers (thousand) 96,721 5.1 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/2q21-results-telefonica-brasil-s-a\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;2Q21 Results: Telef\u00f4nica Brasil S.A.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-518615","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2Q21 Results: Telef\u00f4nica Brasil S.A. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/2q21-results-telefonica-brasil-s-a\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2Q21 Results: Telef\u00f4nica Brasil S.A. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire S\u00c3O PAULO, July 27, 2021 \/PRNewswire\/ &#8212; Telef\u00f4nica Brasil &#8211; (B3: VIVT3; NYSE: VIV), announces its results for 2Q21.\u00a0 Revenue acceleration driven by positive evolution of mobile and fiber accesses, combined with net profit growing 20.9% R$ million \u00a02Q21 % y-o-y Net Operating Revenues 10,649 3.2 Core Revenue 9,453 8.2 Mobile Revenue 6,990 5.6 Fixed Core Revenue 2,462 16.4 Non-Core Revenue 1,197 (24.4) Total Costs (6,423) 3.4 Recurring Total Costs (5,860) (5.7) Recurring EBITDA 4,226 3.0 Recurring EBITDA Margin 39.7% (0.1) p.p. Reported EBITDA 4,789 16.7 \u00a0\u00a0\u00a0 Reported EBITDA Margin % 45.0% 5.2 p.p. 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