Lumen Technologies Elevates Enterprise Performance With Intelligent Port Systems & Rapid Interconnects; What Lies Ahead?

Lumen Technologies demonstrated a mixed performance in the third quarter of 2025, exhibiting areas of strength and some challenges. The company reported financial metrics ahead of expectations, with revenue, EBITDA, and free cash flow surpassing Street consensus. Revenue for the quarter was approximately $3.087 billion, representing a decline of 4.2% year-over-year. The business segment revenue fell by 3.2%, while mass market revenue decreased by 7.7%. Adjusted EBITDA stood at $787 million, down from the previous year, with a margin of 25.5%. A notable positive is Lumen’s strategic initiatives aimed at repositioning its portfolio for growth. The company has made significant advancements in private connectivity fabric (PCF) deals, having signed over $10 billion in agreements to date, and these are expected to contribute between $400 million and $500 million in recurring annual revenue by 2028. Moreover, Lumen is expanding its Network-as-a-Service (NaaS) platform, achieving a reach of over 1,500 enterprise customers.