Lumen Technologies reported total revenue of $3.329 billion for the fourth quarter of 2024, a 5% decrease from $3.517 billion in Q4 2023. For the full year 2024, total revenue was $13.108 billion, down 10% from $14.557 billion in 2023.
The company achieved a net income of $85 million in Q4 2024, a significant improvement from a net loss of $(1,995) million in Q4 2023. Full-year 2024 net loss was $(55) million, substantially better than the $(10,298) million loss in 2023. Adjusted EBITDA, excluding Special Items, for Q4 2024 was $1.052 billion, a 4% decrease year-over-year.
Full-year 2024 Free Cash Flow, excluding Special Items, was $1.386 billion, a significant turnaround from a negative $(878) million in 2023. 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. The company also announced plans to redeem approximately $202 million of unsecured senior notes by February 15, 2025.
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