TELEFONICA BRASIL (VIV) Company Report

Analyst Coverage

Research analysts who have asked questions during TELEFONICA BRASIL earnings calls.

Bernardo Guttmann

XP Inc.

4 questions for VIV

Also covers: BBD, BDORY, ITUB +3 more

Marcelo Santos

JPMorgan Chase & Co.

4 questions for VIV

Also covers: AFYA, AMX, MELI +8 more

Phani Kumar Kanumuri

HSBC

4 questions for VIV

Also covers: AMX, DAVA, TIGO +2 more

Vitor Tomita

Goldman Sachs Group Inc.

4 questions for VIV

Also covers: AMX, CINT, LILA +4 more

Lucca Brendim

Bank of America

3 questions for VIV

Also covers: AMX, TIMB, TV +1 more

Gustavo Farias

UBS Group AG

2 questions for VIV

Also covers: AMX, CINT, TIGO +5 more

Leonardo Olmos

UBS Group AG

2 questions for VIV

Also covers: AMX, CINT, GLOB +3 more

Camila Koga

Bradesco BBI

1 question for VIV

Also covers: AMX

Carlos Antonio de Legarreta Diaz

Itaú BBA

1 question for VIV

Also covers: AMX, TV

Daniel Federle

Credit Suisse Group AG

1 question for VIV

Also covers: TIMB, TIMS3, TIMS3.SA

Felipe Cheng

Banco Santander S.A.

1 question for VIV

Also covers: TIMB, TIMS3.SA

Gabriel Vaz de Lima

Morgan Stanley

1 question for VIV

Also covers: LILA

Pablo Ricalde

Itaú Corretora de Valores S.A.

1 question for VIV

Also covers: ASR, OMAB, PAC +1 more

Latest news

Recent press releases and 8-K filings for VIV.

Telefónica Brasil S.A. Reports Q3 2025 Results and Key Corporate Actions

VIV

Earnings

Share Buyback

M&A

Telefónica Brasil S.A. reported net operating revenue of R$43,984,421 thousand and net income of R$4,291,025 thousand for the nine-month period ended September 30, 2025, with basic and diluted earnings per common share of R$1.32788.
The company implemented significant capital management actions, including a R$2.0 billion capital reduction effective February 18, 2025, a reverse stock split and subsequent stock split effective April 15, 2025, and a share buyback program that repurchased 48,400,556 common shares totaling R$1,426,481 thousand by September 30, 2025.
Telefónica Brasil S.A. declared total gross interim interest on equity of R$2,300,000 thousand for 2025.
The company's subsidiary, Terra Networks Brasil Ltda., completed the acquisition of Samauma Brands Electronics Trade, Import and Export Ltda. for up to R$66,451 thousand on March 21, 2025, as part of its strategy to strengthen its presence in the smartphone accessories market.

Nov 14, 2025, 12:01 PM

6-K

Vivo Reports Strong Q3 2025 Financial and Operational Performance

VIV

Earnings

Dividends

Share Buyback

Vivo reported strong Q3 2025 results, with total revenues reaching BRL 14.9 billion, a 6.5% year-over-year increase, driven by solid performance in postpaid and FTTH segments.
EBITDA grew 9% year-over-year, expanding its margin to 43.4% in Q3 2025, while net income for the first nine months of 2025 increased 13.4% to BRL 4.3 billion.
The company demonstrated a strong commitment to shareholder returns, distributing BRL 5.7 billion to shareholders by the end of September 2025 and declaring an additional BRL 2.7 billion in interest on capital to be paid before April 2026, aiming to distribute at least 100% of net income for both 2025 and 2026.
Operationally, Vivo achieved its highest-ever postpaid net additions, surpassing 1 million in Q3 2025, and saw B2B revenues grow 15% year-over-year over the last 12 months, with digital B2B increasing 34.2%.

Oct 31, 2025, 1:00 PM

Transcript

Telefônica Brasil Reports Strong Q3 2025 Financial and Operational Growth

VIV

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Telefônica Brasil (VIV) reported robust Q3 2025 financial results, with total revenues reaching R$14.9 billion, marking a 6.5% year-over-year increase, and EBITDA growing 9% to R$6.5 billion, expanding its margin to 43.4%.
The company demonstrated strong operational performance, with mobile postpaid access growing 7% year over year to nearly 50 million customers and fiber homes connected increasing 12.7% year over year to 7.6 million.
VIV's B2B segment showed significant expansion, with revenues increasing 15% year over year to R$13.2 billion over the last 12 months, primarily driven by a 34.2% rise in digital B2B services.
The company recorded a net gain of R$232 million from the sale of concession-related assets in Q3 2025, contributing to its reaffirmed target of R$4.5 billion in asset sales over the coming years.
VIV maintained a focus on efficiency, with its CapEx to revenues ratio declining 60 basis points to 15.7% for the first nine months of the year, and sees opportunities to optimize lease costs through increased infrastructure sharing.

Oct 31, 2025, 1:00 PM

Transcript

Vivo Reports Strong Q3 2025 Results with Revenue and Profit Growth

VIV

Earnings

Share Buyback

Dividends

Vivo reported total revenues of R$14.9 billion in Q3 2025, marking a 6.5% year-over-year increase, while EBITDA grew 9% year over year. Net income for the first nine months of 2025 rose 13.4% to R$4.3 billion.
The company demonstrated strong operational growth, with mobile postpaid access increasing 7.3% year over year and surpassing 1 million net additions in Q3 2025. Fiber homes connected grew 12.7% year over year to 7.6 million, expanding the fiber footprint to 30.5 million homes nationwide.
Vivo committed to significant shareholder returns, distributing R$5.7 billion from January to October 2025 and declaring an additional R$2.7 billion in interest on capital to be paid by April 2026, with a guidance to distribute at least 100% of net income for 2025 and 2026.
Strategic diversification efforts saw new businesses contributing 11.7% of total revenues over the last 12 months, and B2B revenues increased 15% year over year, primarily driven by a 34.2% growth in digital B2B services. Additionally, the company generated R$232.4 million from copper and real estate sales in Q3 2025.

Oct 31, 2025, 1:00 PM

Transcript

Telefônica Brasil S.A. Reports Strong Q3 2025 Financial and Operational Growth

VIV

Earnings

Dividends

Share Buyback

Telefônica Brasil S.A. reported Total Revenues of R$14.9 billion, up +6.5% year-over-year, and EBITDA of R$5.5 billion, an increase of +9.0% year-over-year for Q3 2025.
Net Income for Q3 2025 reached R$1,888 million, marking a +13.3% year-over-year increase.
The company achieved significant operational growth, ending Q3 2025 with 69.8 million Postpaid Accesses (+7.3% YoY) and 7.6 million FTTH Accesses (+12.7% YoY), while expanding its 5G network to 683 municipalities.
By the end of October 2025, R$5,676 million was paid in shareholder remuneration, and the company reaffirmed its commitment to distribute at least 100% of net income between 2024 and 2026. Telefônica Brasil S.A. also reported net cash of R$2,997 million at the end of Q3 2025.