On August 6, 2024, Lumen Technologies, Inc. announced its financial results for the second quarter of 2024. The company reported a net loss of $49 million for the quarter, a significant improvement from the net loss of $8.736 billion in the same quarter of the previous year, which included a substantial non-cash goodwill impairment charge. The diluted loss per share was $(0.05), compared to $(8.88) in Q2 2023. Adjusted EBITDA was $1.011 billion, down from $1.229 billion year-over-year. The company generated $511 million in net cash from operating activities but reported negative free cash flow of $(156) million, excluding special items. Lumen highlighted its success in North American enterprise sales, improved customer satisfaction, and a strategic partnership with Microsoft to capitalize on the demand for high-bandwidth infrastructure to support AI ventures. The company also updated its full-year 2024 financial outlook, adjusting its expected Adjusted EBITDA to $3.9 to $4.0 billion and free cash flow to $1.0 to $1.2 billion. The earnings release and a slide presentation were furnished with the SEC filings, and a teleconference was held to discuss the results.

On August 6, 2024, Lumen Technologies, Inc. announced its financial results for the second quarter of 2024. The company reported a net loss of $49 million for the quarter, a significant improvement from the net loss of $8.736 billion in the same quarter of the previous year, which included a substantial non-cash goodwill impairment charge. The diluted loss per share was $(0.05), compared to $(8.88) in Q2 2023. Adjusted EBITDA was $1.011 billion, down from $1.229 billion year-over-year. The company generated $511 million in net cash from operating activities but reported negative free cash flow of $(156) million, excluding special items. Lumen highlighted its success in North American enterprise sales, improved customer satisfaction, and a strategic partnership with Microsoft to capitalize on the demand for high-bandwidth infrastructure to support AI ventures. The company also updated its full-year 2024 financial outlook, adjusting its expected Adjusted EBITDA to $3.9 to $4.0 billion and free cash flow to $1.0 to $1.2 billion. The earnings release and a slide presentation were furnished with the SEC filings, and a teleconference was held to discuss the results.