Lumen files updated pro forma showing $1.94B pro forma net loss after $5.75B fiber sale

Lumen Technologies, Inc.

Pro forma revenue $11.68B, net loss $1.94B, diluted EPS ($1.95) for year ended Dec 31, 2025.
Long-term debt reduced to $12.64B from $17.35B after using ~$4.76B proceeds to repay superpriority notes and loans.
Cash and equivalents rose to $1.96B; includes $250M credit to AT&T for transition and commercial agreements.
Historical results include $740M early debt retirement losses and $628M goodwill impairments.

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