Lumen Technologies (LUMN) Ends Losses, Climbs to Fresh High on Upbeat Outlook

Group 1 - Lumen Technologies, Inc. has recently achieved a new all-time high, driven by an optimistic adjusted EBITDA growth outlook for 2025 and a plan to save $1 billion in costs annually [1][3] - The company is undergoing a multi-year transformation initiative aimed at modernizing and simplifying its operations, which is expected to yield $1 billion in cost savings post-2027 [2] - For the full year 2025, Lumen Technologies anticipates total adjusted EBITDA to reach between $3.2 billion and $3.4 billion, with capital expenditures projected at $4.1 billion to $4.3 billion to support AI industry developments [3] Group 2 - In the last quarter, Lumen Technologies reported a significant widening of its net loss by 319% to $621 million, compared to $148 million in the same period last year, primarily due to increased expenses [4] - Adjusted EBITDA for the last quarter fell by 32% to $571 million from $843 million year-on-year, while total revenues decreased by 4.16% to $3.087 billion from $3.221 billion [4]