Lumen reports reduced losses amid AI driven connectivity growth

Strong Financial Performance in Q3 2025

Lumen Technologies has reported improved third-quarter results for 2025, highlighting a narrowing net loss as the demand for connectivity surges amid the ongoing artificial intelligence boom. The company’s continued transformation led to revenue, EBITDA, and free cash flow figures surpassing expectations.²

• Net loss: $(621) million for Q3 2025, a decrease in loss compared to the previous year
• Diluted loss per share: $(0.62), or $(0.20) excluding special items
• Adjusted EBITDA: $787 million, down from $899 million in Q3 2024²
• Free Cash Flow: $1.7 billion (excluding special items), up from $1.2 billion a year ago

Key Business Achievements

• Secured $1 billion in new Private Connectivity Fabric (PCF) deals, bringing the total value to over $10 billion
• Continued scaling of NaaS (Network as a Service) platform
• Progressed on the sale of the consumer FTTH (fiber-to-the-home) business to AT&T, slated to close in early 2026
• Successfully completed Phase I of ERP implementation

Driving the Backbone of the AI Economy

Lumen’s president and CEO, Kate Johnson, emphasized the company’s strategic push into digital innovation, positioning Lumen as a key infrastructure provider for the expanding AI ecosystem. Profitable investments in Private Connectivity Fabric, NaaS, and offnet innovation are propelling both enterprise growth and technological modernization.²

Transformation and Cost Optimization

The third quarter saw Lumen

• Refinance $2.4 billion in debt and reduce annual interest expenses by $135 million
• Execute on network and IT modernization to streamline operations and drive sustainable savings

Looking Forward

With robust demand for high-speed, low-latency connectivity—driven by AI-based tools and digital applications—Lumen continues to prioritize enterprise growth and infrastructure investment. The company’s leadership remains focused on sustaining its transformation and capturing expanding opportunities in the digital economy.²

With robust demand for high-speed, low-latency connectivity—driven by AI-based tools and digital applications—Lumen continues to prioritize enterprise growth and infrastructure investment. The company’s leadership remains focused on sustaining its transformation and capturing expanding opportunities in the digital economy.²

With robust demand for high-speed, low-latency connectivity—driven by AI-based tools and digital applications—Lumen continues to prioritize enterprise growth and infrastructure investment. The company’s leadership remains focused on sustaining its transformation and capturing expanding opportunities in the digital economy.²