UPDATE 1-Brazil's Telefonica profit jumps 50% in second quarter
(Adds details on earnings in paragraphs 3-5)
SAO PAULO, July 25 (Reuters) - Telecommunications firm Telefonica Brasil SA said on Tuesday its second-quarter net profit rose 50.3% from a year earlier, led by its mobile phone business.
The Brazilian unit of Spain's Telefonica SA posted a net profit of 1.12 billion reais ($235.77 million), topping analysts' estimate of 915 million reais, according to Refinitiv.
The company, which operates in Brazil under the brand Vivo, said revenue from mobile services grew 10.1% to 8.93 billion reais, on growth in its consumer base and price hikes carried out during the quarter.
Total revenue increased 7.6% from the second quarter of 2022 to 12.73 billion reais.
Earnings before interest, taxes, depreciation and amortization (EBITDA) came in at 5.085 billion reais, 11.1% higher than the year-ago period. Profitability, measured by the EBITDA margin, grew 1.2 percentage points to 39.9%.
($1 = 4.7503 reais) (Reporting by Peter Frontini; Editing by Anthony Esposito and Bill Berkrot)
