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# Lumen Reports Over $900M in Q2 Losses
- URL: https://broadbandbreakfast.com/lumen-reports-over-900m-in-q2-losses/
- Published: 2025-07-31T23:05:48.000Z
- Updated: 2026-03-11T05:48:46.000Z
- Description: Some investors panic even as most losses come from special items.
- Author: Cameron Marx
- Tags: Earnings, #with-siderail, Lumen, Kate Johnson, Fiber, RDOF

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.

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The 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.

Most of the company’s losses came from accounting changes tied to [the sale](https://broadbandbreakfast.com/at-t-paying-5-75-billion-for-lumens-consumer-fiber-business/) of its fiber-to-the-home business to AT&T for $5.75 billion – not from money actually spent. 

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The 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](https://broadbandbreakfast.com/lumen-fully-exited-from-rural-digital-opportunity-fund/) Rural Digital Opportunity Fund.

Excluding 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. 

Lumen’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\. 

Revenue was down slightly, from 3.268 billion in Q2 2024 to 3.092 billion today, $20 million short of [expectations](https://www.gurufocus.com/news/3024472/lumen-technologies-lumn-q2-earnings-beat-estimates-but-revenue-falls-short?ref=broadbandbreakfast.com). Still, the company posted an adjusted loss of just 3 cents per share, beating investor expectations by $0.24.

**Kate Johnson**, president and CEO of Lumen, framed the Q2 results as part of the company’s larger [strategic shifts](https://broadbandbreakfast.com/lumen-hits-fiber-high-despite-q1-loss-of-legacy-customers/).

“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.”

The 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.