Lumen Technologies Inc

LUMN

Equity

ISIN US5502411037 / Valor 59275976

New York Stock Exchange, Inc (2025-03-13)

USD 4.65-6.63%

Lumen Technologies Inc
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About company

Lumen Technologies Inc, formerly known as CenturyLink, is a telecommunications company that provides a wide range of services to business customers in the United States. These services include internet, voice, data, and managed services. The company offers solutions such as Software-Defined Wide Area Networking (SD-WAN) and Secure Access Service Edge (SASE) to help businesses improve their network performance and security. Lumen Technologies Inc aims to help businesses connect, secure, and manage their digital assets effectively.

Summarized from source with an LLMView SourceSector: Telecommunications

Net Loss

Lumen Technologies Inc. reported a net loss of $148 million for the third quarter of 2024, compared to a net loss of $78 million in the same quarter of 2023. This increase in net loss reflects ongoing challenges in the company's financial performance.

Revenue Decline

The total revenue for Lumen Technologies Inc. in the third quarter of 2024 was $3.221 billion, a decrease from $3.641 billion in the third quarter of 2023. This decline in revenue was observed across various segments, including large enterprise and mid-market enterprise channels.

Adjusted EBITDA

For the third quarter of 2024, Lumen Technologies Inc. generated an adjusted EBITDA of $899 million, down from $1.049 billion in the same period of 2023. The adjusted EBITDA margin, excluding special items, was 27.9% compared to 28.8% in the previous year.

Free Cash Flow

Lumen Technologies Inc. reported a significant increase in free cash flow, generating $1.2 billion in the third quarter of 2024, compared to $43 million in the third quarter of 2023. This improvement was achieved despite cash paid for special items amounting to $16 million.

Business Segment Performance

In the third quarter of 2024, Lumen Technologies Inc.'s North America business revenue was $2.443 billion, a decrease from $2.641 billion in the same quarter of 2023. The international and other segments also saw a substantial decline, with revenue dropping from $264 million to $93 million year-over-year.

Summarized from source with an LLMView Source

Key figures

184%1Y

-56.5%3Y

-54.1%5Y

Performance

111%1Y

87.2%3Y

75.3%5Y

Volatility