Lumen Q3 net loss $78M, revenue down 17% YoY to $3.64B

Lumen Technologies, Inc.

2023-Q3 EPS reported -$8.45 revenue$11,040,000,000

Net loss of $78M ($0.08 diluted loss per share) vs net income of $578M ($0.57 EPS) YoY.
Revenue declined 17% YoY to $3.641B; Enterprise channel $2.124B up 1% QoQ.
Adjusted EBITDA (excl. special items) $1.049B, down from $1.688B YoY.
Free cash flow (excl. special items) $43M vs $620M YoY.
EMEA sale expected close Nov 1; added ~141k Quantum Fiber locations in Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lumen Technologies, Inc. reported the third quarter ended September 30, 2023 results: net income $(78) million, EPS $(0.08).

Period: the third quarter ended September 30, 2023
Net income: $(78) million
EPS: $(0.08)
Result: reported results

Exact text from the filing

On October 31, 2023, Lumen Technologies, Inc. (the “Company” or “we” or “us”) issued a press release announcing operating results for the third quarter of 2023.

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Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0000018926-23-000098

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