Lineage Inc. Reports Q4 2024 Results: $1.339 Billion in Total Revenue, $80 Million Net Loss
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Lineage Inc. reported Q4 2024 results with total revenue of $1.339 billion, a 0.4% increase year-over-year, but a net loss of $80 million, up 67% from Q1 2024. The company also faced a $543 million net loss in Q3 2024 during its IPO. For Q1 2025, revenue decreased by 2.7% to $1.292 billion. The stock price fell nearly 50% from its IPO price of $78 to $40. Key developments include CFO Robert Crisci's planned retirement and CEO Walter Gregory Lemkuhl's acknowledgment of flat demand for products and services.
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