Q2 2026 Telefonica Brasil SA Earnings Call Transcript

Jul 28, 2026 / 01:00 PM GMT

Release Date Price: ARS20870 (-7.29%)

Transcript

Key Points

Positve

Telefonica Brasil SA (VIV) reported a strong financial performance with a 7.6% year-over-year increase in total revenue, outpacing inflation.
The company achieved a 10.9% year-over-year growth in EBITDA with a margin of 41.8%, indicating strong profitability.
Free cash flow generation reached BRL4.9 billion, showcasing robust cash generation capabilities.
The mobile segment saw a 6.6% increase in service revenues, with postpaid access growing by 7.3% year-over-year.
Fiber operations expanded significantly, with homes connected increasing by 11.3% year-over-year, reflecting strong commercial momentum.

Negative

The competitive landscape in the mobile market remains intense, particularly in the prepaid segment, which could pressure margins.
There is a risk of cannibalization with the introduction of lower-priced 'light plans' potentially affecting higher-priced hybrid plans.
The company faces challenges in maintaining growth in prepaid revenues, which represent a significant portion of total mobile service revenues.
CapEx was slightly above expectations, raising concerns about the sustainability of investment levels.
The company is still in the early stages of monetizing its migration from concession to authorization, which could impact future financial performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VIVT3.SA - Telefonica Brasil SA
Q2 2026 Telefonica Brasil SA Earnings Call
Jul 28, 2026 / 01:00PM GMT

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Presentation
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Linda.......................

Nova York, Turkey, Venezia, Atenas...

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Good morning ladies and gentlemen. Welcome to Vivo's second quarter 2026 earnings call. This conference is being recorded and the replay will be available at the company's website at ri.telefonica.com.br. The presentation will also be

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