{
  "$type": "site.standard.document",
  "bskyPostRef": {
    "cid": "bafyreicj2meruqj3t747h3sz5kp5kjma4mqncyipmjfaavzlvuvnngwsf4",
    "uri": "at://did:plc:mg5ozsljpp6t5b4lvwys4t72/app.bsky.feed.post/3lvcasgoxsrp2"
  },
  "coverImage": {
    "$type": "blob",
    "ref": {
      "$link": "bafkreiark2dglukyvccju2e43esykoapen3dzipa3sznczqjbquyisbunm"
    },
    "mimeType": "image/webp",
    "size": 51018
  },
  "description": "Some investors panic even as most losses come from special items.\n\n",
  "path": "/lumen-reports-over-900m-in-q2-losses/",
  "publishedAt": "2025-07-31T23:05:48.000Z",
  "site": "https://broadbandbreakfast.com",
  "tags": [
    "_****Earnings Chart****_",
    "Get 1 year for $590!",
    "_the sale_",
    "_****There's a whole community behind your FREE membership...****_",
    "There's a whole community behind your FREE membership...",
    "_from the_",
    "_expectations_",
    "_strategic shifts_"
  ],
  "textContent": "WASHINGTON, July 31, 2025 – For anyone wondering if it was possible for a company to lose nearly $1 billion in three months, Lumen has an answer for you.\n\n\n\n_****Can't see the****_ _****Earnings Chart****_ _****? Know you need Breakfast Club? Get access for $590/year.****_\n\n Get 1 year for $590! \n\nThe internet-service provider announced Thursday afternoon that it had sustained losses totalling $915 million in Q2. That prompted its stock to take a nosedive after markets closed, dropping nearly 7.5 percent before recovering slightly to $4.25 a share as of 5:30 PM ET, $0.20 lower than at closing. The diluted loss per share was $0.92 in the quarter, compared to a loss of $0.05 per share in Q2 2024.\n\nMost of the company’s losses came from accounting changes tied to _the sale_ of its fiber-to-the-home business to AT&T for $5.75 billion – not from money actually spent.\n\n\n\n_****There's a whole community behind your FREE membership...****_\n\n There's a whole community behind your FREE membership... \n\nThe company wrote down $628 million in value after selling approximately 95% of its home internet division, Quantum Fiber. An additional loss of $236 million resulted from the company restructuring its debt, and it was also forced to return $46 million in funds _from the_ Rural Digital Opportunity Fund.\n\nExcluding these and other special items, the company suffered a net loss of only $29 million, significantly better than the $124 million net loss it suffered a year ago when excluding special items.\n\nLumen’s adjusted EBITDA, or core earnings before debt, taxes, etc., was only $725 million, noticeably less than the $875 million EBIDTA it posted in Q2 2024.\n\nRevenue was down slightly, from 3.268 billion in Q2 2024 to 3.092 billion today, $20 million short of _expectations_. Still, the company posted an adjusted loss of just 3 cents per share, beating investor expectations by $0.24.\n\n**Kate Johnson** , president and CEO of Lumen, framed the Q2 results as part of the company’s larger _strategic shifts_.\n\n“Our second quarter results underscore the momentum of our transformation strategy and the discipline of our execution,” Johnson said. “We are delivering on our financial milestones and building a stronger, more modern company. With the sale of our consumer fiber business, successful debt refinancing, and continued modernization gains, we’re laying our foundation for future revenue growth – we are playing to win.”\n\nThe company successfully completed a $2 billion bond offering in Q2, extending maturities to 2033 and reducing its annual interest expenses by roughly $50 million. It adjusted its Free Cash Flow outlook from $700-$900 million to $1.2-$1.4 billion, while keeping its outlook for its Adjusted EBITDA, Net Cash Interest, and Capital Expenditures the same.",
  "title": "Lumen Reports Over $900M in Q2 Losses",
  "updatedAt": "2026-03-11T05:48:47.686Z"
}