Lumen Technologies’ Q3 2025 Earnings Reveal Strong Transformation Momentum

Lumen Technologies, Inc. (LUMN) reported Q3 2025 revenue of $3.087 billion, down from $3.221 billion a year earlier, reflecting a ~4% year‑over‑year decline. Despite the drop in top‑line, the company beat expectations on adjusted EBITDA and free cash flow, generating around $1.66 billion in FCF (excluding special items) and delivering adjusted EBITDA of ~$787 million. CEO Kate Johnson noted that the company’s pivot toward high‑value enterprise infrastructure—particularly the ramp‑up in its “Private Connectivity Fabric” (PCF) deals, its NaaS (Network as a Service) offerings, and its AI/edge‑networking capabilities—is showing results. On the other hand, legacy segments—especially mass‑markets and wholesale—continued to decline, underscoring the urgency of the transformation. The company also refinanced ~$2.4 billion in debt, lowering annual interest expenses by about $135 million and extending maturities. As a result, while Lumen is still navigating revenue headwinds, the improving cash flow, execution on its strategic growth engines and debt reduction efforts may reinforce investor confidence going into 2026. #LumenTechnologies #Q3Earnings #TelecomTransformation #InfrastructureGrowth #SlimScan #GrowthStocks #CANSLIM