secwatch.observer — SEC 8-K summary
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Issuer:     Lumen Technologies, Inc. (LUMN)
CIK:        0000018926
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000018926-23-000098
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18926/000001892623000098/0000018926-23-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18926/000001892623000098/lumn-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000018926-23-000098

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer