Lumen Investor Day Presentation Deck
Generating Positive Future Results for Mass Markets
Plan to ramp annual fiber build pacing to 1 million
locations by 2025...
Total fiber-enabled units by year¹ (M)
36
3.6
2023
4.4
2024
5.4
2025
6.4
2026
7.4
2027
Note: All Mass Markets outlook projections exclude potential impacts of the Broadband Equity Access and
Deployment (BEAD) program.
1. Assumed at end of year.
...results in return to growth on key financial metrics
~(3%)
~(7%)
2023
Broadband Metrics
Fiber Subscriber Net
Adds
~(2%)
Total Subscriber Net
Adds
Fiber Penetration¹
~(5%)
2024
Mass Market Broadband Revenue YoY Chg.
2023
~125K
~(175K)
I ~3%
26%
~(1%)
2025
2024
~225K
EXPAND MASS MARKETS
~(50K)
27%
1~3%
2025
~350K
~8%
(
I~100K
28%
2026
Mass Markets Total Revenue YoY Chg.
2026
~425K
~225K
~9%
31%
~4%
2027
2027
~450K
~250K
32%
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