Key Financial Data
- Q4 Revenue: $3.041 billion (-9% year-over)
- Q4 Net income: -$2 million
- FY25 Revenue: $12.402 billion (-5%)
- FY25 Net income: -$1.739 billion
- Read more Q4 media earnings coverage
Lumen Technologies reduced its operating loss by a substantial margin during the last three months of the year before selling its fiber-to-the-home broadband business to AT&T, the company disclosed on Tuesday.
During the fourth quarter (Q4) of the year, Lumen saw its revenue dip 9 percent to $3.041 billion, while full-year revenue clocked in at $12.402 billion, a 5 percent decline on a year-over basis.
Lumen said its stronger balance sheet was thanks largely to the $5.75 billion sale of its consumer fiber business to AT&T, which closed on Monday.
“We completed a transformative sale of our consumer business to AT&T, significantly strengthening our balance sheet and reducing leverage, which gives us the financial flexibility to execute on our growth strategy,” said CEO Kate Johnson in a statement.
For 2026, Lumen projected adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of $3.1 billion to $3.3 billion and free cash flow of $1.2 billion to $1.4 billion.
Stock Price
Separately, Lumen announced the appointment of Jeff Sharritts as its new Executive Vice President and Chief Revenue Officer, starting in early February.
Sharritts joins Lumen from Cisco, where he most recently served as the company’s Executive Vice President and Chief Customer and Partner Officer. He previously led Cisco’s Americas region, which generated $29 billion on an annual basis, Lumen noted.
Sharritts will lead Lumen’s commercial strategy and Acceleration and Growth Team, reporting directly to Johnson. He replaces Ashley Haynes-Gaspar in the role.
“Jeff’s track record of building and scaling global commercial engines makes him the ideal leader to take our commercial organization to the next level,” Johnson said.
