Lumen Technologies reports first quarter 2023 results

Lumen Technologies reported results for the first quarter ended March 31, 2023. The company:

• Increased its Quantum Fiber-enabled location pacing, deploying approximately 120 thousand fiber locations during the first quarter of 2023;
• Increased Grow revenue to $1.128 billion for the first quarter of 2023, compared to $1.091 billion for the fourth quarter of 2022;
• Reported Net Income of $511 million for the first quarter of 2023, compared to reported Net Income of $599 million for the first quarter of 2022.