)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
TIM (TIMS3) investor relations material
TIM Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Service revenues increased 5.2% year-over-year for the first nine months of 2025, with EBITDA up 6.7% and net income rising 42.2% to R$3.0 billion, reflecting strong operational execution and disciplined cost management.
Mobile segment, especially postpaid, drove growth, with 415,000 postpaid lines added and postpaid churn at 0.8%.
Operational cash flow (EBITDA after lease minus CapEx) reached R$4.5 billion in 9M25, expanding by double digits.
Shareholder returns reinforced through R$1.8 billion in dividends/interest on capital and R$369 million in share repurchases.
ESG leadership recognized, ranking in the FTSE Russell Diversity & Inclusion Index and receiving ISO 14001 certification.
Financial highlights
EBITDA margin reached 50.3% for 9M25 and 51.7% in 3Q25, with normalized EBITDA up 7.2% year-over-year.
Net income for 3Q25 was R$1.2 billion, with normalized EPS at R$0.50, and nearly R$3.0 billion year-to-date.
Operational cash flow (EBITDA-AL minus CapEx) was R$1.7 billion in Q3 and R$4.5 billion for nine months.
Capex represented 16.2% of revenues in 9M25, with a Capex-to-net revenue ratio of 14.5% in 3Q25.
Cash and marketable securities reached R$6.5 billion at September 2025, up 50.7% year-over-year.
Outlook and guidance
On track to meet full-year 2025 guidance for service revenue, EBITDA, CapEx, operational cash flow, and shareholder remuneration.
Postpaid mobile expected to maintain strong growth; prepaid to remain stable.
B2B client base projected to reach about 120 active clients by year-end, with over 20 new strategic customers.
Broadband segment (Ultrafibra) showing operational recovery, expected to continue improving.
Guidance for operating free cash flow expansion within the 14%-16% range reaffirmed.
B2B/IoT: Key growth drivers beyond connectivity?
Broadband M&A: Why unchanged strategy?
Lease efficiency: Key drivers for inflation-level growth?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next TIM earnings date
Q4 202510 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
TIM S.A. is a prominent telecommunications provider based in Brazil, offering a broad spectrum of services. The company's portfolio includes mobile voice, data, and broadband services, catering to both individual and corporate clients across various sizes. TIM S.A. extends its offerings to include mobile, landline, long-distance, and data transmission services. Additionally, it provides fixed ultra-broadband, fixed ultraband broadband, and digital content services, encompassing advanced data services for small, medium-sized, and large businesses. The company is headquartered in Rio de Janeiro, Brazil, and its shares are listed on the B3.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage