Lumen Q2 net loss $49M vs $8.736B loss a year ago; revenue down 11% to $3.27B

Lumen Technologies, Inc.

2024-Q2 EPS reported $0.01 revenue$6,558,000,000

Diluted loss per share $0.05; adjusted EPS loss $0.13 vs $0.10 gain a year ago.
Adjusted EBITDA ex-special items $1.011B, down 18% YoY from $1.229B.
Large Enterprise revenue $837M (-7% YoY); Public Sector up 8% to $448M.
Free cash flow negative $156M ex-special items vs negative $896M in Q2 2023.
Announces Microsoft partnership for AI-driven fiber network demand.

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