TIM Brasil Q3 2026 Results Overview
TIM S.A. (NYSE: TIMB) reported third‑quarter 2026 results on 11‑Nov‑2026. Net revenue increased 5.3% year‑over‑year to 7.07 billion reais, falling short of the consensus estimate of 7.25 billion reais. Service revenue mirrored the 5.3% growth, driven by stronger postpaid mobile plans, a smaller decline in prepaid revenue, expansion of the TIM Ultrafibra home‑broadband business, and growth in newer areas such as mobile advertising and connected devices.
Normalized EBITDA rose 6.7% to 3.70 billion reais, lifting the normalized EBITDA margin to 52.4% from 51.7% in the prior period. Normalized operating costs grew 3.9%, a rate that was lower than both revenue growth and Brazil’s inflation rate.
Despite the EBITDA improvement, normalized net income declined 7.8% to 1.11 billion reais, primarily because of higher tax expenses, weaker financial results, and higher depreciation charges. Normalized earnings per share slipped to 0.47 reais from 0.50 reais. Reported net income fell more sharply, dropping 18% to 991 million reais.
In the mobile segment, average revenue per user (ARPU) rose 5% to 34.8 reais. The total customer base contracted 1.7% to 61.6 million users, with prepaid subscribers decreasing 9% while postpaid subscribers grew 5.2%. TIM Ultrafibra’s broadband customer base expanded 13.2% to 931,000 users.
Fixed‑service revenue surged 30.1%, a boost attributed to the consolidation of cloud and IT services provider V8.TECH. The company’s shares were up approximately 1.5% as of 1:50 pm ET.
TIM reiterated that the results keep the company “in line with its 2026 targets.”