earnings
confidence high
sentiment positive
materiality 0.70
Lee Enterprises Q3 digital subs hit 501K (+49% YoY), digital ad revenue now 51% of total
LEE ENTERPRISES, Inc
2022-Q3 EPS reported
$0.87
revenue$587,333,000
- Total operating revenue $195M; net income $0.2M; Adjusted EBITDA $23M.
- Digital-only subscribers 501,000 (+49% YoY), exceeding full-year target early.
- Digital advertising & marketing services revenue 51% of total ad revenue; Amplified Digital up 74% to $21M.
- Full-year Adjusted EBITDA guidance reaffirmed at $95-$98M; Q4 EBITDA expected $29-$32M.
- Debt principal $462.6M, net of cash $446.9M; fixed 9% rate, no financial covenants.