Core Insights - Lumen Technologies, Inc. reported adjusted earnings of 9 cents per share for Q4 2024, exceeding the Zacks Consensus Estimate of a loss of 8 cents and up from 8 cents in the prior-year quarter [1] - Total revenues for Q4 2024 were $3.329 billion, a decline of 5.4% year over year, primarily due to divestitures and the sale of the CDN business, but still beating the Zacks Consensus Estimate by 3.4% [2] - For the full year 2024, total revenues were $13.1 billion, down 10% from 2023 [3] Revenue and Segment Performance - Business revenues fell 5.1% to $2.659 billion, Large Enterprises revenues dropped 5.5% to $845 million, and Mid-Market Enterprise revenues declined 9.8% to $452 million [7] - Public Sector revenues increased by 11% to $554 million, while North America's Enterprise Channels revenues decreased by 2.2% to $1.851 billion [7] - Revenues from Mass Markets were down 6.3% year over year to $670 million [9] Strategic Developments - Lumen secured $8.5 billion in PCF deals in 2024, driven by AI-fueled connectivity demand, partnering with major tech companies like Microsoft, Amazon, Google Cloud, and Meta Platforms [4] - The company is focused on "cloudifying" telecom and promoting its network-as-a-service solutions [4] Financial Health - Lumen repaid $1.6 billion of debt in 2024 and plans to eliminate $1 billion in operating expenses by 2027, expecting a run-rate cost benefit of over $250 million in the current year [5] - Total operating expenses decreased by 40% year over year to $3,175 million, with operating income at $154 million compared to a loss of $1.776 billion in the prior-year quarter [11] Cash Flow and Liquidity - In Q4, Lumen generated $688 million of net cash from operations, down from $784 million in the prior-year quarter, with free cash outflow of $174 million compared to free cash flow of $50 million in the prior-year quarter [12] - As of December 31, 2024, the company had $1.889 billion in cash and cash equivalents and $17.494 billion in long-term debt [13] Future Outlook - For 2025, Lumen expects adjusted EBITDA between $3.2 billion and $3.4 billion, with capital expenditures projected between $4.1 billion and $4.3 billion [14] - The company anticipates EBITDA to rebound significantly in 2026, exceeding $3.5 billion, with growth expected thereafter [14] Market Performance - Following better-than-expected results, LUMN stock rose by 10.7% in pre-market trading, with shares gaining 305.2% over the past year compared to the Technology Services industry's growth of 67% [6]

Shares of Lumen Technologies (LUMN -4.07%) are down Wednesday. The firm's stock lost 3.4% as of 1 p.m. ET, but was down as much as 5.8% earlier in the day. The loss comes as the S&P 500 (^GSPC 0.15%) gained 0.1% and the Nasdaq Composite (^IXIC -0.09%) lost 0.1%.Lumen, a telecom company that provides data center networking technology, reported earnings on Tuesday. While it was a mostly positive quarter, too many unknowns remain, and investors remain cautious.The numbersLumen reported a Q4 net income of $85 m ...

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Lumen (LUMN) reported $3.33 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 5.4%. EPS of $0.09 for the same period compares to $0.08 a year ago.The reported revenue represents a surprise of +3.36% over the Zacks Consensus Estimate of $3.22 billion. With the consensus EPS estimate being -$0.08, the EPS surprise was +212.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

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 ...