Lumen Technologies (LUMN) Jumps 27% Despite Disappointing Q3

Core Viewpoint - Lumen Technologies, Inc. (NYSE:LUMN) experienced a significant 27.07% gain last week despite a disappointing earnings report for Q3, which revealed a substantial net loss and declines in adjusted EBITDA and total revenues [1][3]. Financial Performance - The net loss for Lumen Technologies in Q3 was $621 million, a sharp increase from $148 million in the same quarter last year, primarily due to higher expenses [3]. - Adjusted EBITDA decreased by 32% to $571 million from $843 million year-on-year [3]. - Total revenues fell by 4.16% to $3.087 billion, down from $3.221 billion in the previous year [3]. Future Outlook - The company has reaffirmed its growth outlook for the full year 2025, projecting total adjusted EBITDA to reach between $3.2 billion and $3.4 billion [4]. - Capital expenditures are expected to be between $4.1 billion and $4.3 billion as Lumen focuses on developments to support the artificial intelligence industry [4]. Strategic Partnerships - Lumen Technologies announced a partnership with Palantir to integrate Lumen Connectivity Fabric into Palantir's Foundry and Artificial Intelligence Platform [5]. - This collaboration aims to assist enterprises in adopting AI by enabling secure and efficient data management across multi-cloud and hybrid environments, while also enhancing AI applications with reduced latency and costs [6].