Telefônica Brasil First Quarter 2024 Earnings: Revenues Beat Expectations

Telefônica Brasil (BVMF:VIVT3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$13.5b (up 6.5% from 1Q 2023).
• Net income: R$895.6m (up 7.3% from 1Q 2023).
• Profit margin: 6.6% (in line with 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Telefônica Brasil Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Telecom industry in South America.

Performance of the market in Brazil.

The company's shares are down 5.5% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Telefônica Brasil, and understanding it should be part of your investment process.

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