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Q1 25 EPS
$-0.13
BEAT +51.15%
Est. $-0.27
Q1 25 Revenue
$3.18B
BEAT +1.79%
Est. $3.13B
vs S&P Since Q1 25
+83.9%
BEATING MARKET
LUMN +115.7% vs S&P +31.7%
Market Reaction
Did LUMN Beat Earnings? Q1 2025 Results
Lumen Technologies delivered a notable beat on both the top and bottom lines in Q1 2025, offering a measure of relief for investors tracking the telecom's multi-year transformation. The company posted an adjusted loss of $0.13 per share, clearing the… Read more Lumen Technologies delivered a notable beat on both the top and bottom lines in Q1 2025, offering a measure of relief for investors tracking the telecom's multi-year transformation. The company posted an adjusted loss of $0.13 per share, clearing the consensus estimate of $0.27 by 51.15%, while revenue of $3.18 billion edged past expectations by 1.79%, though it still slipped 3.3% year-over-year as legacy product attrition continued to weigh on results. The most material driver of the earnings outperformance was accelerating traction in higher-value growth segments, with North America Enterprise Grow products rising 9.9% year-over-year to $834.00 million and fiber broadband revenue surging 22.9% to $209.00 million. A new partnership with Google to deliver direct fiber access to Google Cloud added strategic credibility to Lumen's AI infrastructure pivot, as did the recent launch of a network-edge cybersecurity solution targeting enterprise clients. Management reiterated its full-year 2025 outlook, guiding for Adjusted EBITDA of $3.20 billion to $3.40 billion and free cash flow of $700.00 million to $900.00 million.
Key Takeaways
- • North America Enterprise Grow products revenue up 9.9% YoY to $834M, now 48% of N.A. Enterprise revenue
- • Fiber Broadband revenue grew 22.9% YoY, fiber contribution to broadband revenue rose to 45%
- • Public Sector revenue grew 14.7% YoY to $483M
- • Fiber net subscriber additions of 39K in the quarter, reaching 1.116 million total
- • 101K fiber-enabled location additions in the quarter, reaching 4.3 million total
- • SG&A expenses declined 18% YoY due to operational efficiency improvements
- • Lumen Connectivity Fabric adoption grew 23% in customers, 26% in fabric port sales, and 29% in services sold QoQ
LUMN YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
LUMN Revenue by Segment
With YoY comparisons, source: SEC Filings
LUMN Revenue by Geography
With YoY comparisons, source: SEC Filings
“The team's focus on operational excellence delivered better than expected financial results this quarter. We continue to expand our network capacity and utilization and create a growth engine with our Lumen Digital platform. As we transform, we will drive more innovation on top of our world-renowned fiber network, delivering greater value for our enterprise customers, shareholders, and employees.”
— Kate Johnson, Q1 2025 Earnings Press Release
LUMN Earnings Trends
LUMN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LUMN EPS Trend
Earnings per share: estimate vs actual
LUMN Revenue Trend
Quarterly revenue: estimate vs actual
LUMN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.10 | $-0.20 | -108.12% | $2.90B | +2.48% |
| Q4 25 BEAT FY | $-0.27 | $0.00 | +100.00% | $3.04B | -0.04% |
| FY Full Year | $-0.56 | $-1.75 | -212.56% | $12.40B | -0.07% |
| Q3 25 BEAT | $-0.27 | $-0.20 | +25.01% | $3.09B | +1.55% |
| Q2 25 BEAT | $-0.27 | $-0.03 | +88.70% | $3.09B | -0.68% |
| Q1 25 BEAT | $-0.27 | $-0.13 | +51.15% | $3.18B | +1.79% |