Overview

* Lumen Q3 2025 revenue beats analyst expectations despite a 4% yr/yr decline

* Adjusted EPS for Q3 2025 beats consensus, reflecting disciplined execution

* Company signed $1 bln in new Private Connectivity Fabric deals in October

Outlook

* Lumen expects full-year 2025 Adjusted EBITDA between $3.2 bln and $3.4 bln

* Company projects 2025 Free Cash Flow between $1.2 bln and $1.4 bln

* Lumen anticipates 2025 capital expenditures at low end of $4.1 bln to $4.3 bln range

Result Drivers

* DEBT REFINANCING - Lumen saved $135 mln in annual interest expense through debt refinancing and repricing

* PRIVATE CONNECTIVITY DEALS - Signed $1 bln in new Private Connectivity Fabric deals, increasing total value to over $10 bln

* TRANSFORMATION PROGRESS - Achieved key milestones in transformation, including Phase I ERP implementation and progress on FTTH sale to AT&T

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $3.08 $3.03

Revenue bln bln (10

Analysts

)

Q3 -$0.20 -$0.26

Adjusted (7

EPS Analysts

)

Q3 EPS -$0.62

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the integrated telecommunications services peer group is "buy."

* Wall Street's median 12-month price target for Lumen Technologies Inc ( LUMN ) is $4.80, about 129.2% below its October 29 closing price of $11.00

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)