Lumen reported FY 2025 total revenue of USD 12.4 billion (-5% YoY), with Business segment revenue of USD 9.9 billion (-5%) and Mass Markets segment revenue of USD 2.51 billion (-9%). Business segment adjusted EBITDA was USD 4.52 billion (-2%), while Mass Markets segment adjusted EBITDA was USD 1.4 billion (-7%). Net cash provided by operating activities was USD 4.74 billion (up USD 405 million), and cash and cash equivalents ended the year at USD 1 billion, with revolving credit availability of USD 722 million and total consolidated indebtedness of USD 17.8 billion. The company recorded a USD 628 million goodwill impairment in Q2 2025 tied to classifying its Mass Markets Fiber-to-the-Home business as held for sale, and reported a FY 2025 net loss on early retirement of debt of USD 740 million (vs. a net gain in FY 2024). Lumen also highlighted its Mass Markets Fiber-to-the-Home divestiture to AT&T, which closed on Feb. 2, 2026, for USD 5.75 billion in pre-tax cash proceeds, alongside a transition services agreement. In FY 2025, Lumen voluntarily relinquished FCC RDOF funding, reducing revenue by USD 46 million in Q2 2025 and incurring USD 49 million in related fees, and noted advance payments tied to PCF solutions that increased deferred revenue and operating cash flow.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lumen Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000018926-26-000014), on February 20, 2026, and is solely responsible for the information contained therein.