Telefonica Brasil ADR earnings beat by $0.02, revenue fell short of estimates

Telefônica Brasil reported 3Q26 results with net revenue of R$16,023 million, up 7.2% YoY. Net income rose 30.1% YoY to R$2,456 million. EBITDA grew 10.0% YoY to R$7,136 million with a margin of 44.5%. Capex decreased 1.6% YoY to R$2,561 million. The company remains committed to distributing at least 100% of FY26 net income to shareholders.

TELEFONICA BRASIL S.A. (VIV) furnished an SEC Form 6-K — earnings release. Yes No X Results 3Q26 November 10, 2026 Telefônica Brasil S.A. Investor Relations Telefônica Brasil S.A. (B3: VIVT3, NYSE: VIV) discloses today its results for the third quarter of 2026, presented in accordance with International Accounting Standards (IFRS) and with the pronounce

Vivendi stock rose 10% after Universal Music Group reported strong Q3 results, with revenue of €3.394B and EBITDA of €672M. UMG's performance boosted Vivendi, which holds nearly 10% of UMG's shares.

Barclays kept its Equal-Weight rating on Telefonica Brasil but reduced its price target to $14 from $16, a 12.5% cut. The new target suggests a 54.5% downside from the Oct 28 close of $30.74, according to the bank.

BofA upgraded Telefonica (VIV) to Neutral with a $15.00 price target, citing undervaluation. Shares trade at $12.38. Vivo reported Q2 2026 revenue of $3.09B, beating estimates, but EPS missed. Revenue grew 7.6% YoY, EBITDA up 10.9%.

Vivendi SE shares fell more than 10% after Paris’s Court of Appeal ruled that Vincent Bolloré and Bolloré SE do not control Vivendi. The decision removes the near-term requirement for a mandatory takeover bid. Earlier rulings had implied a 6 to 9 billion euro cost. The case followed Vivendi’s 2024 breakup and CIAM’s challenge.