Lumen plans to expand adjusted EBITDA to 30% range by 2030

Lumen (LUMN) announced its next phase with momentum and a disciplined financial framework. Among the company’s multi-year financial priorities and targets: Expanding adjusted EBITDA margins from 27.1% in 2025 to approximately the mid 30% range by 2030; Enhancing free cash flow through planned improved margins, lower capital intensity, and expected revenue growth; Expecting to delivering Business Segment Revenue growth in 2028. The company is also introducing a new revenue reporting framework designed to better reflect its enterprise-focused strategy and enhance clarity for investors. Beginning in Q1, Lumen will report revenue in products and services to better align with how the company invests in and operates the business.