Lumen Technologies (LUMN) Q3 2024 Earnings Call Transcript - https://lnkd.in/dkQWzwFq #cryptocurrency #bitcoin #news #affiliateprogram #affiliatemarketing
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LUMN earnings call for the period ending September 30, 2024.
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Lumen Technologies (LUMN 1.74%)Q3 2024 Earnings CallNov 05, 2024, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings, and welcome to Lumen Technologies third quarter 2024 earnings call. After the speakers' remarks, there will be a question-and-answer session As a reminder, this conference is being recorded. I would now like to turn the conference over to Jim Breen, senior vice president, investor relations. Jim, please go ahead.Jim Breen -- Senior Vice President, Investor Relations Good afternoon, everyone, and thank you for joining the Lumen Technologies third quarter 2024 earnings call. On the call today are Kate Johnson, president and chief executive officer; and Chris Stansbury, executive vice president and chief financial officer. Before we begin, I need to call your attention to our safe harbor statement on Slide 1 of our third quarter 2024 presentation, which notes that this conference call may include forward-looking statements subject to certain risks and uncertainties. All forward-looking statements should be considered in conjunction with the cautionary statements and the risk factors in our SEC filings. We'll be referring to certain non-GAAP financial measures reconciled to the most comparable GAAP measures, which can be found in our earnings press release. In addition, certain metrics discussed today exclude costs for special items as detailed in our earnings materials, which can be found on our Investor Relations section of our Lumen website. With that, I'll turn the call over to Kate.Kate Johnson -- President and Chief Executive Officer Good afternoon, everyone, and thanks for joining. Lumen's third-quarter headline is this. The transformation is happening. We're making progress in our journey to turn Lumen into a digital network services company with simple and modern product offerings, infrastructure, and operations. We're pursuing two major growth vectors, building the AI backbone and cloudifying telco, and have made material progress with each. And that said, and as expected, our financial performance still reflects the secular headwinds on our legacy revenues. We're also investing heavily in transformation programs while running the core business, which weighs heavily on our EBITDA results. We have fully recognized we have a long way to go on this journey, and we understand that our current financial results, coupled with the fact that telcos in the industry are not talking about a turnaround, make it difficult to imagine long-term success for Lu
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