Lumen Q4 net income $85M, EPS $0.09; revenue $3.33B (-5% YoY); FY net loss narrows

Lumen Technologies, Inc.

2024-FY EPS reported -$0.06 revenue$13,108,000,000

Net income $85M in Q4 2024 vs net loss of $1.995B a year ago; diluted EPS $0.09 vs ($2.03).
Total revenue $3.329B, down 5% YoY; full-year revenue $13.108B, down 10% from $14.557B.
Adjusted EBITDA excl. special items $1.052B in Q4 (31.6% margin), down 4% from $1.099B.
Free cash flow excl. special items negative $174M in Q4 vs positive $50M in Q4 2023.
Management cited progress on AI backbone and cloudifying telecom; no specific 2025 guidance.

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