earnings
confidence high
sentiment positive
materiality 0.70
Lee Enterprises Q2 digital revenue up 33% to $58M, digital-only subscribers up 59% to 492K
LEE ENTERPRISES, Inc
2022-Q2 EPS reported
$0.92
revenue$392,296,000
- Total digital revenue $58.1M (+33% YoY); digital-only subscribers 492K (+59% YoY).
- Digital advertising revenue $43.4M (+36% YoY); Amplified Digital revenue $18.6M (+108%).
- Total operating revenue $190M; net loss $6.7M; Adjusted EBITDA $16.9M.
- Cost reduction actions early Q3 provide $45M annualized benefit; FY2022 EBITDA guidance $95-98M.
- Print revenue fell 11.3% to $131.9M; debt $462.6M principal at fixed 9% rate.