1Q22 Enterprise Channel Revenue Report

1Q22 Year-Over-Year Total Revenue Bridge -7.0% YoY Reported -5.5% YoY Adjusted $59 $5,029 -$123 -$18 -$271 $4,676 1Q21 Revenue 1Q21 CAF II Support Corrections Facilities Business FX(1) 1Q22 CAF II Revenue Release Other 1Q22 Revenue 22 Issued: May 4, 2022 ($ in millions) Adjusted Revenue Performance In Line with Recent Results (1) Includes $10 million impact from the sale of our corrections facilities business in 4Q21 and $8 million impact from foreign currency headwinds. LUMEN®

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