Financial Performance - Total revenue for Q3 2025 was $3.087 billion, a decrease of 4% from $3.221 billion in Q3 2024[11] - Adjusted EBITDA for Q3 2025 was $787 million, down from $899 million in Q3 2024, reflecting a margin of 25.5%[7][8] - The company reported a net loss of $(621) million for Q3 2025, compared to a net loss of $(148) million in Q3 2024[7] - Operating revenue for Q3 2025 was $3,087 million, a decrease of 4% compared to $3,221 million in Q3 2024[26] - Total operating expenses increased by 3% to $3,203 million in Q3 2025 from $3,095 million in Q3 2024[26] - Net loss for Q3 2025 was $621 million, compared to a net loss of $148 million in Q3 2024[26] - Basic loss per share for Q3 2025 was $0.62, significantly higher than $0.15 in Q3 2024[26] - The company reported a net loss excluding special items of $197 million for Q3 2025, compared to a loss of $133 million in Q3 2024, representing a 48% increase[26] - Net loss for the nine months ended September 30, 2025, was $1,737 million, compared to a net loss of $140 million in the same period of 2024[30] - The net loss for Q3 2025 was $621 million, compared to a net loss of $148 million in Q3 2024, showing a significant increase in losses[51] - The net loss for the twelve months ending December 31, 2025, is projected to range from $(1,455) million to $(650) million[53] Cash Flow and Liquidity - Free cash flow for Q3 2025 was $1.661 billion, compared to $1.198 billion in Q3 2024, marking a significant increase[12] - Cash provided by operating activities increased to $4,176 million in 2025 from $3,645 million in 2024, reflecting a growth of approximately 14.6%[30] - Net cash provided by operating activities for Q3 2025 was $2,511 million, up from $2,032 million in Q3 2024, representing a 23.5% increase[49] - Free Cash Flow for Q3 2025 was $1,470 million, compared to $1,182 million in Q3 2024, reflecting a 24.4% growth[49] - The company expects Free Cash Flow for the twelve months ending December 31, 2025, to range between $1,200 million and $1,400 million[54] - Total cash, cash equivalents, and restricted cash at the end of the period was $2,412 million in 2025, down from $2,653 million in 2024[30] - Cash and cash equivalents increased to $2,401 million as of September 30, 2025, up from $1,889 million at the end of 2024[28] Capital Expenditures and Investments - Capital expenditures for Q3 2025 were $1.041 billion, up from $850 million in Q3 2024[8] - Capital expenditures for the twelve months ending December 31, 2025, are expected to be between $(4,100) million and $(4,300) million[54] - Net cash used in investing activities was $2,669 million in 2025, compared to $1,999 million in 2024, indicating an increase of approximately 33.6%[30] - Net proceeds from the issuance of long-term debt reached $6,920 million in 2025, a significant increase from $1,325 million in 2024[30] Subscriber Metrics - Total broadband subscribers decreased to 2,417 thousand in Q3 2025 from 2,601 thousand in Q3 2024, representing a decline of about 7.1%[32] - Fiber broadband subscribers increased to 1,190 thousand in Q3 2025, up from 1,035 thousand in Q3 2024, marking an increase of approximately 14.9%[32] Special Items and Adjustments - Special items impacting Adjusted EBITDA totaled $216 million in Q3 2025, compared to $56 million in Q3 2024, reflecting a substantial increase[47] - Goodwill impairment recorded in 2025 was $628 million, with no such impairment reported in 2024[30] Future Outlook - The company expects full-year 2025 adjusted EBITDA to be between $3.2 billion and $3.4 billion[14] - Adjusted EBITDA outlook for the twelve months ending December 31, 2025, is projected to be between $3,200 million and $3,400 million[53] - The company is targeting the completion of the consumer FTTH sale to AT&T in early 2026[6] - The company is undergoing a transformation strategy, including the anticipated sale of its consumer fiber business[20] - The company aims to enhance growth products while managing the decline of legacy products, driven by increased demand for high-speed data transmission services[20]

Core Insights - Lumen Technologies exceeded third-quarter revenue estimates and reported a smaller-than-expected loss, attributed to increased demand for its network infrastructure to handle significant data flows and complex applications [1] Financial Performance - The company reported third-quarter revenue that surpassed analyst expectations, indicating strong performance in its core business [1] - The loss reported was less than what analysts had anticipated, showcasing improved operational efficiency [1] Market Demand - There is a growing demand for network infrastructure, driven by the need to support massive data flows, which is a positive indicator for the company's future growth prospects [1]

Group 1 - Palantir Technologies Inc. is expected to double in value over the next three years [1] - Palantir and Lumen Technologies have entered a multi-year partnership worth approximately $200 million to enhance enterprise AI deployment [2] - The partnership will combine Palantir's Foundry and AI platform with Lumen's connectivity solutions, facilitating the integration of advanced AI capabilities with high-performance network infrastructure [2] Group 2 - Palantir specializes in software platforms for the intelligence community, focusing on counterterrorism efforts in the US, UK, and globally [3] - Lumen Technologies provides integrated networking products and services to both business and mass customers in the US and internationally [3] - There are suggestions that other AI stocks may present greater upside potential and lower downside risk compared to Palantir [3]

Core Insights - The article highlights the partnership between Lumen Technologies and Commvault aimed at enhancing data protection for enterprises in the face of increasing cyberattacks [1] Company Overview - Lumen Technologies integrates its secure global network infrastructure with Commvault's advanced cyber resilience platform [1] - This collaboration is designed to help enterprises safeguard critical information, reduce risks, and accelerate recovery in complex digital environments [1]

Core Insights - QTS Data Centers and Lumen Technologies have announced an expanded strategic partnership aimed at supporting a next-generation network designed for AI, cloud, and hyperscaler growth [1] Company Developments - The partnership will see Lumen connecting its AI-ready infrastructure to 16 new QTS data center campuses located across the U.S., including states such as Arizona, Georgia, Ohio, and Texas [1]

We recently published 10 Big Names Crushing Wall Street. Lumen Technologies, Inc. (NYSE:LUMN) is one of the top-performing stocks on Monday. Lumen Technologies extended its winning streak to a third straight day on Monday, jumping 15.7 percent to close at $9.36 apiece as investors cheered a new milestone that its on-demand services are now present in 10 million new business locations across the US. In a statement during the day, Lumen Technologies, Inc. (NYSE:LUMN) said that its on-demand service enabled ...

Core Insights - Lumen Technologies, Inc. is set to report its Q3 2025 results on October 30, with a consensus estimate of a loss of $0.31 per share, compared to a loss of $0.13 in the same quarter last year, and total revenues expected to be $3.04 billion, reflecting a 5.5% year-over-year decline [1][10] Group 1: Financial Performance and Estimates - Lumen's earnings have exceeded the Zacks Consensus Estimate in the last four quarters, with an average surprise of 97.5% [2] - The company anticipates adjusted EBITDA to be between $3.2 billion and $3.4 billion for 2025, expecting to report near the high end of this range [10] - Cost-cutting measures are projected to yield $350 million in run-rate benefits for 2025, an increase from the previously targeted $250 million [10] Group 2: Growth Drivers - Lumen is benefiting from the rise of AI, with $9 billion in Private Connectivity Fabric (PCF) deals, up $500 million from the previous quarter, driven by demand for existing conduit and new route construction [3] - The adoption of Network-as-a-Service (NaaS) is increasing, with Lumen surpassing 1,000 customers and partnerships with the three largest cloud service providers [4] - A connected ecosystem is being developed to facilitate the purchase and management of network services, which is expected to accelerate client acquisition [5] Group 3: Strategic Initiatives - Lumen is pursuing a $5.75 billion sale of its Mass Markets fiber-to-the-home business to AT&T, expected to close in the first half of 2026, which will help reduce debt [8] - The company is focused on simplifying its capital structure and extending debt maturities, having executed a $2 billion refinancing that saves nearly $50 million in annual interest expenses [9] - Recent collaboration with Palantir Technologies aims to enhance AI deployment for enterprises in multi-cloud environments [13] Group 4: Challenges and Market Conditions - The legacy business continues to face secular headwinds, impacting top-line growth, particularly in the Wholesale segment [11] - Lumen expects Public Sector Harvest revenues to normalize in the second half of 2025 after elevated levels [12] - The company anticipates fluctuations in free cash flow as it navigates significant PCF builds, alongside concerns over higher costs, macro volatility, and competition in the AI sector [12] Group 5: Infrastructure Development - Lumen plans to add 34 million new intercity fiber miles by 2028, with over 2.2 million new miles deployed in 2025 alone [14] - Construction is ongoing at 176 In-Line Amplifier sites to enhance signal strength and scalability [14]

Core Insights - Identifying infrastructure creators is essential for investors to secure asymmetric upside in a new economic paradigm [1] Group 1: Investment Philosophy - The investment philosophy emphasizes simplicity, focusing on fundamental financial ratios and metrics for clear insights [1] - A strong educational background in finance and economics enhances the analysis of individual stocks [1] Group 2: Market Focus - There is a particular focus on market trends within the tech sector, indicating its significance for potential investment opportunities [1] Group 3: Community Engagement - Writing for Seeking Alpha allows for connection with a global community of investors, facilitating the sharing of ideas and gaining exposure [1]

Core Insights - Lumen Technologies Inc. experienced a significant stock increase of 17.25% week-on-week, primarily driven by a new partnership with Palantir Technologies Inc. [1][2] - The stock reached an 11-month high, surpassing the $8 mark, a level not seen since November of the previous year [1][2] Partnership Details - Lumen Technologies announced a collaboration with Palantir to integrate Lumen Connectivity Fabric into Palantir's Foundry and Artificial Intelligence Platform [2] - This partnership aims to facilitate AI adoption for enterprises by enabling secure and rapid data movement across multi-cloud and hybrid environments, while also enhancing AI applications with reduced latency and cost [2] - Lumen's CEO emphasized the synergy between the two companies, stating that they are positioned to help enterprises realize their AI ambitions with unprecedented scale and speed [2] Market Positioning - The article suggests that while Lumen Technologies has potential as an investment, there are other AI stocks that may offer higher returns with limited downside risk [2]

Palantir Technologies Inc. (NASDAQ:PLTR) and Lumen Technologies Inc. (NYSE:LUMN) have announced a “formative” multi-million dollar partnership to embed PLTR’s Artificial Intelligence Platform (AIP) into Lumen’s network infrastructure, a move executives say will unclog America’s “data super highways” and accelerate AI adoption for businesses.Check out PLTR and LUMN‘s price action. Partnership Could Make AI Data Processing ‘200x Faster’In a FOX Business interview, Palantir CEO Alex Karp and Lumen CEO Kate Joh ...