Lumen (LUMN) Sheds 10.9% After All-Time High

Core Insights - Lumen Technologies Inc. experienced a significant drop in share prices by 10.90% to close at $10.54, driven by profit-taking after reaching an all-time high [1] - The company reported a widened net loss of $621 million in Q3, a 319% increase from $148 million year-on-year, attributed to higher expenses [2] - Adjusted EBITDA fell by 32% to $571 million from $843 million, while total revenues decreased by 4.16% to $3.087 billion from $3.221 billion year-on-year [3] Financial Performance - The net loss for Lumen Technologies in Q3 was $621 million, a significant increase of 319% compared to the same quarter last year [2] - Adjusted EBITDA decreased by 32% to $571 million from $843 million [3] - Total revenues declined by 4.16% to $3.087 billion from $3.221 billion year-on-year [3] Future Outlook - Despite the current financial challenges, Lumen Technologies reaffirmed its growth outlook for full-year 2025, expecting total adjusted EBITDA to reach between $3.2 billion and $3.4 billion [3] - Capital expenditures are projected to be between $4.1 billion and $4.3 billion, aimed at supporting developments in the artificial intelligence industry [4]