THE Sure Participations released its financial results for the 3rd quarter of 2022. The company recorded a 9.9% jump in net revenue, a number driven mainly by revenue from mobile services after the incorporation of Oi Móvel. The fixed segment had a drop in the number of customers, but the operator invests in the expansion of the fiber optic network.
Claro — Financial results for the 3rd quarter of 2022
Check the main financial results of Claro Brasil in the 3rd quarter of 2022 and the comparison with the same period of the previous year:
| Indicator | 2nd quarter/2022 | 2nd quarter/2021 | Difference |
|---|---|---|---|
| total net revenue | BRL 10.85 billion | BRL 9.87 billion | + 6.7% |
| Mobile service revenue | BRL 5.38 billion | BRL 4.32 billion | + 22.9% |
| Fixed service revenue | BRL 4.95 billion | BRL 5.107 billion | – 2.9% |
| EBITDA (earnings before interest, taxes, depreciation and amortization) |
BRL 4.43 billion | BRL 4.07 billion | + 6% |
As it is not a publicly traded company in Brazil, Claro does not disclose the net income indicator. The EBITDA margin for the period was 40.9%, down 0.3 percentage point year-on-year.
The cell phone service was the most important for Claro’s balance sheet in the 3rd quarter: the segment’s revenue exceeded the revenue from fixed products, reaching the mark of R$ 5.38 billion.
Claro ended the quarter with 86.6 million mobile customers, up 25.2%. The customer base with postpaid plans, which generate higher monthly revenue, jumped 21.5%.
This good result occurred after the incorporation of Oi Móvel. THE Claro was responsible for 11.7 million lines in 27 area codes, and this contributed to the increase in customers. The operator claims to have started the massive migration of customers, and 1 million customers have already been fully serviced by Claro.
The quarter was marked by the arrival of 5G in Brazil. All capitals already have pure fifth generation signal, but coverage is still incipient and restricted to a few neighborhoods. According to Claro, 3.1 million of its customers already have smartphones compatible with 5G, but only 1.6 million used the network until August 2022.
Of course, there was a drop in the fixed line, but it expands optical fiber
Claro managed to grow in mobile, but the same cannot be said for the fixed segment. Revenue from services in this category was R$4.95 billion, down 2.9% year-on-year.
The operator is the leader in fixed broadband in the country, and accounts for 22.4% of the entire market, with a drop of 2.5 percentage points. Despite the disconnections, Claro claims to have captured around 944 thousand customers over the last twelve months.
Comparing the entire market, Claro leads the number of customers with speeds starting at 500 Mb/s, with a 38.6% share. Over the last twelve months, tele has added 1.5 million customers who have contracted the ultra-fast plans.
Claro’s fixed network is present in 440 cities. Optical fiber service is available to 4.3 million households in 237 cities, of which 23 were launched during the quarter. Most customers are served by coaxial cable technology, but the operator has been overlapping to FTTH in some locations.
The operator is also a leader in the pay-TV market, and accounts for a 42.1% share. However, this service is in constant decline: according to Anatel data, Claro lost 879 thousand contracts between August 2021 and August 2022.
In order not to lose so much revenue, Claro has invested in its internet TV service, Claro TV+. In addition to selling a version that uses a TV Box, operator also launched apps for smart TVs; the monthly fee starts at R$59.90 and the program schedule includes more than 100 channels.
https://tecnoblog.net/noticias/2022/10/19/receita-da-claro-aumenta-67-apos-compra-da-oi-movel/