On November 5, 2024, Lumen Technologies, Inc. announced its third-quarter financial results for the period ending September 30, 2024. The company reported a net loss of $148 million, a decrease from the net loss of $78 million in the same quarter the previous year. Diluted loss per share was $0.15, compared to $0.08 in Q3 2023. Adjusted EBITDA was $899 million, down from $1.049 billion year-over-year. The company generated $1.2 billion in free cash flow, a significant increase from $43 million in the prior year's quarter. Lumen highlighted its operational progress, including a record quarter for net subscription adds in its Quantum Fiber business and growing adoption of its digital services. The company's CEO, Kate Johnson, emphasized the role of Lumen in building the backbone for the AI economy. Lumen also updated its full-year 2024 financial outlook, expecting Adjusted EBITDA of $3.9 to $4.0 billion and free cash flow of $1.2 to $1.4 billion. The results and a slide presentation were discussed in a teleconference and made available on the company's investor relations website.

On November 5, 2024, Lumen Technologies, Inc. announced its third-quarter financial results for the period ending September 30, 2024. The company reported a net loss of $148 million, a decrease from the net loss of $78 million in the same quarter the previous year. Diluted loss per share was $0.15, compared to $0.08 in Q3 2023. Adjusted EBITDA was $899 million, down from $1.049 billion year-over-year. The company generated $1.2 billion in free cash flow, a significant increase from $43 million in the prior year's quarter. Lumen highlighted its operational progress, including a record quarter for net subscription adds in its Quantum Fiber business and growing adoption of its digital services. The company's CEO, Kate Johnson, emphasized the role of Lumen in building the backbone for the AI economy. Lumen also updated its full-year 2024 financial outlook, expecting Adjusted EBITDA of $3.9 to $4.0 billion and free cash flow of $1.2 to $1.4 billion. The results and a slide presentation were discussed in a teleconference and made available on the company's investor relations website.