---
schema_version: "secwatch.filing_event.v1"
accession: "0000058361-25-000039"
form_type: "8-K"
ticker: "LEE"
cik: "0000058361"
company_name: "LEE ENTERPRISES, Inc"
filed_at: "2025-11-26T23:59:59+00:00"
generated_at: "2026-05-16T16:42:43.713869+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lee Enterprises Q4 Adj EBITDA up $2M YoY; digital subs revenue +16%

## Summary
- Q4 total operating revenue $139M; net loss $6M; Adj EBITDA $15M, up $2M on comparable basis.
- Digital-only subscription revenue up 16% same-store; 633k digital-only subscribers.
- Total debt $455M; cash $10M; FY26 Adj EBITDA growth guided at mid-single digits.
- Pension plan termination underway to eliminate balance sheet volatility; $4M cyber expenses in FY25.
- FY26 capex up to $10M; cash taxes expected $1M-$6M; no debt covenants.

## SEC filing metadata
- accession: 0000058361-25-000039
- form_type: 8-K
- ticker: LEE
- cik: 0000058361
- company_name: LEE ENTERPRISES, Inc
- filed_at: 2025-11-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/58361/000005836125000039/0000058361-25-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/58361/000005836125000039/lee-20251126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000058361-25-000039
- JSON: https://secwatch.observer/filing/0000058361-25-000039.json
- Plain text: https://secwatch.observer/filing/0000058361-25-000039.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.