Core Insights - Lumen Technologies, Inc. reported third-quarter earnings that exceeded analyst expectations on both revenue and earnings per share, leading to a rise in stock price [1][2]. Financial Performance - The company reported quarterly losses of 20 cents per share, beating the analyst estimate of losses of 27 cents [2]. - Quarterly revenue was $3.08 billion, surpassing the analyst consensus estimate of $3.03 billion [2]. - Financial results included exceeding expectations for revenue, adjusted EBITDA, and free cash flow [5]. Operational Execution - The company successfully implemented Phase I of its ERP system [5]. - Progress was made on the sale of consumer FTTH to AT&T, targeted to close in early 2026 [5]. - A $2.4 billion debt refinancing and term loan repricing were completed, resulting in an annual interest expense saving of $135 million year to date [5]. Growth Initiatives - In October, Lumen secured $1 billion in new Private Connectivity Fabric deals, bringing the total deal value to over $10 billion [5]. - The company is scaling its NaaS platform and launching IoD offnet innovation [5]. - CEO Kate Johnson emphasized the company's disciplined execution and bold ambition in advancing its transformation agenda [4].