Telefonica Brasil SA ADR

VIV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Vivo Earnings: Results Remain In Line With Our Expectations

Michael Hodel

May 11, 2026

Telefonica Brasil's (Vivo) revenue increased 7.4% in the first quarter, reflecting modest acceleration driven by consistent growth in wireless services and broadband, and a jump in low-margin electronics sales. The EBITDA margin improved less than 1 percentage point from the prior year to 40.2%.

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Telefonica Brasil SA ADR

Vivo Earnings: Results Remain In Line With Our Expectations

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