secwatch.observer — SEC 8-K summary
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Issuer:     Lumen Technologies, Inc. (LUMN)
CIK:        0000018926
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0000018926-24-000110
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lumen Q3 net loss widens to $148M; revenue down 12% to $3.22B; free cash flow surges to $1.18B
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- Net loss of $148M ($0.15 diluted EPS) vs $78M loss ($0.08) YoY; adjusted EPS loss $0.13.
- Revenue $3.221B, down 12% YoY; business segment revenue dropped 13% to $2.536B.
- Adjusted EBITDA ex-special items $899M, down 14% from $1.049B; margin 27.9% vs 28.8%.
- Free cash flow $1.182B (incl $170M pension contribution) vs $38M a year ago, driven by PCF sales.
- Record Quantum Fiber net subscription additions; new Lumen Private Connectivity Fabric sales added liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18926/000001892624000110/0000018926-24-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18926/000001892624000110/lumn-20241105.htm
  HTML page:      https://secwatch.observer/filing/0000018926-24-000110

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