Lumen Technologies reported total operating revenue of $3.182 billion for the first quarter of 2025, representing a 3.3% decrease compared to $3.290 billion in Q1 2024. Despite the overall decline, the Business segment's 'Grow' product category saw revenue increase by 7.3% to $1.136 billion.
The company reported a net loss of $(201) million, or $(0.20) diluted loss per share, compared to net income of $57 million, or $0.06 diluted earnings per share, in Q1 2024. Adjusted EBITDA, excluding Special Items, was $929 million, down from $977 million in the prior-year quarter.
Mass Markets Fiber Broadband revenue grew 22.9% to $209 million, with 39,000 new Quantum Fiber customers added, bringing the total to over 1.1 million subscribers. Lumen reiterated its full-year 2025 financial outlook, including Adjusted EBITDA of $3.2 to $3.4 billion and Free Cash Flow of $700 to $900 million, signaling confidence in its ongoing transformation and recent debt refinancing efforts.
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