Telefónica reported earnings of € 3.132 billion in 2017, with year-on-year growth of 32.2%. The total number of clients rose to 343.5 million. The company ended last year with revenues of € 52.008 billion, practically without changes (-0.1%) with respect to 2016. The turnover of Latin American subsidiaries -except Brazil- remained at € 12.552 billion, in line with the previous year. Meanwhile, Brazilian operations increased their revenues by 8.4% to €12.019 billion.