earnings
confidence high
sentiment positive
materiality 0.70
Lee Enterprises Q1: digital-only subs up 57% to 450k; total digital revenue $55M (+17% YoY)
LEE ENTERPRISES, Inc
2022-Q1 EPS reported
$2.17
revenue$202,282,000
- GAAP net income $13.2M on total operating revenue $202.3M; Adjusted EBITDA $26.1M.
- Digital advertising revenue grew 19% to $43M; Amplified Agency revenue up 69% to $15M.
- Digital-only subscription revenue up 26%; digital-only subscribers reached 450k, +57%.
- Principal debt reduced $20.2M sequentially to $462.6M; down $113M since March 2020 refinancing.
- FY2022 outlook: 495k digital subs year-end; total digital revenue $230M; Adjusted EBITDA $95-98M.