VIV · VIV Q2 FY2026 earnings call record财报电话会记录

“In mobile, we kept adding customers with postpaid access at 73.2 million, up 6.9% year-over-year.”

“Financially, total revenue increased above inflation once again, up 7.6% year-over-year, while Mobile service revenues advanced 6.6%, while fixed revenues grew 6%, highlighting the improvement of fiber and the positive contribution of our B2B operations.”

“EBITDA advanced 10.9% year-over-year with a margin of 41.8%.”

“Total mobile base increased 2.6% year-over-year as postpaid access rose 7.3%, reaching 52.4 million customers, while machine-to-machine and dongles grew 6.1%, reinforcing our leadership across multiple mobile segments.”

“Vivo Total reached 3.8 million customers, up 29.4% compared to last year, and further increasing its relevance within our fiber base.”

“Customers increasingly demand integrated solutions that unite connectivity, convenience, and superior experience.”

“Consumer electronics revenues increased 63.8%, health and wellness advanced 58.2%, video and music OTTs grew 25.7%, and financial services expanded 12.8%.”

“What we are targeting here is prepaid customers that we would not migrate to hybrid because of credit scoring, for instance, and we could do that through the credit card payment.”

“We guarantee 12 month with no bad debt risk.”

“My question would be whether this makes sense, if this should be diluted for margins going forward, and if there's any lever that we should think about for the remainder of the year that could offset this impact of mix on margins until the end of 2026.”

“Again, driving customers to stores online and offline, and also contributing to the sale of more services and more electronics with better margin than smartphones.”

“My question is, should we expect an acceleration on net income in the H2 of 2026 and, as a consequence, an acceleration of dividends?”