Telefônica Brasil Q2 Results: Revenue Growth and Upgraded Recommendation

Tuesday, 17 September 2024, 12:30

Telefônica Brasil's Q2 results exceeded expectations, with revenues rising 7.4% year-over-year to BRL 13.6 billion. Driven by a 17.1% growth in fiber optics and mobile services, I am now raising my recommendation for VIV stock.
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Telefônica Brasil Q2 Results: Revenue Growth and Upgraded Recommendation

Telefônica Brasil's Impressive Q2 Performance

In its latest earnings report, Telefônica Brasil announced that revenues grew 7.4% year-over-year, reaching BRL 13.6 billion. A significant driver of this growth was the surge in fiber optics and mobile services, which saw a remarkable increase of 17.1%. This upward trajectory reflects the company's strong positioning in the competitive landscape of telecommunications.

Growth Segments

  • Fiber Optics: Experienced a substantial rise, contributing significantly to the revenue growth.
  • Mobile Services: Continued to expand, further enhancing Telefônica's market presence.

Investment Implications

Given the company's impressive performance and the positive outlook in its key segments, I am raising my recommendation for VIV stock. Investors should consider this as a potential opportunity in the telecommunications sector.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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