Telefonica Brasil SA ADR

VIV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Vivo Earnings: Broadband Competition Remains Intense Amid Solid Wireless Results

Michael Hodel

Feb 24, 2026

Telefonica Brasil (Vivo) grew revenue 7.1% during fourth-quarter 2025. Underlying trends were consistent with recent quarters, except for the prepaid wireless segment, which showed improved stability. The EBITDA margin improved less than 1 percentage point from the prior year to 42.9%.

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Telefonica Brasil SA ADR

Vivo Earnings: Broadband Competition Remains Intense Amid Solid Wireless Results

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