On April 30, 2024, Lumen Technologies, Inc. announced its financial results for the first quarter of 2024. The company reported a net income of $57 million, a significant decrease from the $511 million reported in the first quarter of 2023. Diluted earnings per share for the quarter were $0.06, compared to $0.52 in the previous year. The company also reported an adjusted EBITDA of $977 million, down from $1.251 billion in the first quarter of 2023. Despite the decline in net income and EBITDA, Lumen Technologies generated a free cash flow of $518 million, an improvement from the negative $75 million in the first quarter of the previous year. The company successfully completed transactions with creditors, strengthening its balance sheet and addressing over $15 billion of debt and commitments. This included extending maturities and securing access to new liquidity. Lumen's president and CEO, Kate Johnson, highlighted the company's progress in its turnaround strategy, focusing on digital enterprise solutions and improvements in customer satisfaction. The company reiterated its full-year 2024 financial outlook, expecting the first quarter to be the low point for adjusted EBITDA.

On April 30, 2024, Lumen Technologies, Inc. announced its financial results for the first quarter of 2024. The company reported a net income of $57 million, a significant decrease from the $511 million reported in the first quarter of 2023. Diluted earnings per share for the quarter were $0.06, compared to $0.52 in the previous year. The company also reported an adjusted EBITDA of $977 million, down from $1.251 billion in the first quarter of 2023. Despite the decline in net income and EBITDA, Lumen Technologies generated a free cash flow of $518 million, an improvement from the negative $75 million in the first quarter of the previous year. The company successfully completed transactions with creditors, strengthening its balance sheet and addressing over $15 billion of debt and commitments. This included extending maturities and securing access to new liquidity. Lumen's president and CEO, Kate Johnson, highlighted the company's progress in its turnaround strategy, focusing on digital enterprise solutions and improvements in customer satisfaction. The company reiterated its full-year 2024 financial outlook, expecting the first quarter to be the low point for adjusted EBITDA.