Reconciliations of non-GAAP financial measures to the most comparable GAAP measures are included in the financial schedules to the Company's accompanying earnings release. Reconciliation of information and additional non-GAAP historical financial measures that may be discussed during the call, along with further descriptions of non-GAAP financial measures, will be available in the Investor Relations portion of the company's website at http://ir.lumen.com. Non-GAAP measures are not presented to be replacemen ...

Lumen (LUMN) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 212.50%. A quarter ago, it was expected that this telecommunications would post a loss of $0.20 per share when it actually produced a loss of $0.13, delivering a surprise of 35%.Over the last four quarters, the com ...

Adjusted EBITDA and Adjusted EBITDA excluding Special Items for the fourth quarter and full year 2023 includes $14 million and $125 million, respectively, from the EMEA business (defined below), divested on Nov. 1, 2023 and $10 million and $56 million, respectively, from those of our Content Delivery Network ("CDN") customer contracts sold Oct. 10, 2023, which will not recur in subsequent periods. The net post-closing financial impact of actual amounts received or paid by the Company under its post-closing ...

Core Insights - Lumen Technologies made significant progress in strengthening its financial position and transforming corporate functions, aiming to support the AI economy in 2025 [2][7] - The company reported a net income of $85 million for Q4 2024, a substantial recovery from a net loss of $1.995 billion in Q4 2023, which included a non-cash goodwill impairment charge [7][23] - Lumen's total revenue for Q4 2024 was $3.329 billion, down 5% from $3.517 billion in Q4 2023, with a full-year revenue decline of 10% from $14.557 billion in 2023 to $13.108 billion in 2024 [23][37] Financial Performance - Adjusted EBITDA for Q4 2024 was $1.052 billion, a decrease of 4% from $1.099 billion in Q4 2023, while full-year Adjusted EBITDA fell 15% from $4.628 billion in 2023 to $3.939 billion in 2024 [7][37] - The company reported a negative free cash flow of $(174) million for Q4 2024, compared to a positive free cash flow of $50 million in Q4 2023 [25][37] - Lumen's capital expenditures for Q4 2024 were $915 million, an increase of 11% from $821 million in Q4 2023, with full-year capital expenditures rising from $3.100 billion in 2023 to $3.231 billion in 2024 [37][41] Business Segments - Revenue from the Large Enterprise segment was $845 million in Q4 2024, down 5% from $894 million in Q4 2023, while full-year revenue decreased 7% from $3.618 billion in 2023 to $3.379 billion in 2024 [6][19] - The Mid-Market Enterprise segment saw a 10% decline in Q4 2024 revenue to $452 million, and a full-year decrease of 8% to $1.887 billion [6][19] - Public Sector revenue increased by 11% in Q4 2024 to $554 million, with a 3% increase for the full year to $1.849 billion [6][19] Liquidity and Outlook - As of December 31, 2024, Lumen had cash and cash equivalents of $1.889 billion and plans to redeem approximately $202 million of unsecured senior notes by February 15, 2025 [26][38] - The company updated its financial outlook for 2025, projecting Adjusted EBITDA between $3.2 billion and $3.4 billion, and Free Cash Flow between $700 million and $900 million [27][28]

Wall Street analysts forecast that Lumen (LUMN) will report quarterly loss of $0.08 per share in its upcoming release, pointing to a year-over-year decline of 200%. It is anticipated that revenues will amount to $3.22 billion, exhibiting a decline of 8.4% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of ...

Lumen Technologies, Inc (LUMN) is scheduled to report fourth-quarter 2024 results on Feb. 4.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate for total revenues is pegged at $3.22 billion, indicating a fall of 8.4% from a year-ago reported number. The consensus estimate for earnings is currently pegged at a loss of 8 cents per share. In the year-ago quarter, LUMN reported earnings of 8 cents per share.The company missed the Zacks Consensus Estimate in two ...

Investors of Lumen Technologies (NYSE: LUMN ) suffered a lot over the last several years due to the previous management's strategic lapses. However, the new management's transformation initiatives look sound and the steps to deliver on the new AI-focusedWith a decade at a Big 4 audit firm specializing in the banking, mining, and energy sectors, I bring a strong foundation in finance and strategy. Currently, I serve as the Head of Finance for a leading owner and operator of retail real estate, where I overse ...

Stock Performance - Shares of Lumen Technologies (LUMN) gained 3 8% as of 1 50 p m ET and were up as much as 5 7% earlier in the day [1] - The stock's rise occurred while the S&P 500 and Nasdaq Composite lost 0 3% and 0 5% respectively [1] Project Stargate Announcement - President Trump announced Project Stargate a $500 billion private investment initiative focused on building American AI infrastructure [2] - SoftBank is a major contributor to the project [2] Lumen's Role in AI Infrastructure - Lumen's technology facilitates rapid communication in AI data centers [3] - The company has inked key deals with Meta and Microsoft this year [3] - Microsoft may be one of the first to receive Project Stargate funding due to its relationship with OpenAI [3] Industry Optimism - The AI sector is experiencing a general sense of optimism following the rollback of Biden-era regulations [3] Lumen's Financial Performance - Lumen's revenue has shrunk from $21 5 billion in 2019 to $14 6 billion last year [4] - The company has repeatedly missed earnings targets and failed to consistently turn a profit or grow revenues [4] Future Outlook - Despite the enthusiasm surrounding Project Stargate Lumen's future remains unclear [4]

Stock Performance - Lumen Technologies stock surged 6 3% as of 3 20 p m ET, outperforming the S&P 500 (up 0 7%) and Nasdaq Composite (up 1 3%) [1] - Earlier in the session, the stock had been up as much as 11 3% [1] AI Infrastructure Investment - OpenAI, Oracle, and Softbank announced a joint venture called Stargate, planning to invest up to $500 billion in US data centers over the next four years [2][3] - The initial investment for Stargate is $100 billion to build domestic data centers, with potential spending reaching $500 billion within Trump's term [3] Strategic Partnerships - Lumen secured major data center partnerships with Microsoft and Meta Platforms in the second half of last year [4] - The company's private connectivity fabric (PCF) solutions are already being used by Microsoft and Meta, the two largest spenders on AI infrastructure [5] Future Prospects - The Stargate venture could potentially benefit Lumen, as the company may seek similar PCF hardware and services used by Microsoft and Meta [5] - Lumen is experiencing strong demand in the AI category, which could help improve earnings and reduce its large debt load [6]

DENVER, Jan. 14, 2025 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider that unleashes the world's digital potential, will publish its fourth-quarter financial results following market close on Feb. 4, 2025. A live broadcast of the earnings conference call will be available on the company's Investor Relations page at 5 p.m. ET. Additional information regarding the fourth quarter and fiscal year 2024 financial highlights, including the company's earnings release, ...