"Lumen closed a $2.4B debt refinancing that will save $135M annually in interest expense. That structural improvement matters because it directly improves cash flow without requiring operational gains. Free cash flow came in at $1.661B, ahead of expectations, while operating cash flow reached $2.511B. The company also landed $1B in new Private Connectivity Fabric (PCF) deals, a key part of its shift toward higher-margin enterprise services."
"Total revenue landed at $3.087B, missing the $3.10B estimate. Mass Markets revenue fell 8% to $631M. North America Business revenue declined 3% to $2.376B. These segments remain under pressure as legacy services shrink. Adjusted EBITDA came in at $787M, down from $899M in the year-ago quarter. The decline reflects the revenue headwind, though management reiterated it expects to hit the high end of its full-year 2025 Adjusted EBITDA guidance range, citing progress in modernization and simplification efforts."
Lumen reported adjusted EPS loss of $0.20, better than the estimated loss of $0.27 by $0.07. Revenue totaled $3.087B, missing estimates as Mass Markets fell 8% to $631M and North America Business declined 3% to $2.376B. Adjusted EBITDA was $787M, down 12% year over year, while management reiterated expectations to reach the high end of full-year 2025 Adjusted EBITDA guidance due to modernization and simplification efforts. Lumen closed a $2.4B debt refinancing that will save $135M annually in interest expense. Free cash flow was $1.661B and operating cash flow $2.511B. The company secured $1B in new PCF deals, shifting toward higher-margin enterprise services.
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