secwatch.observer — SEC 8-K summary
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Issuer:     LEE ENTERPRISES, Inc (LEE)
CIK:        0000058361
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0001628280-22-031655
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lee Enterprises reports FY22 results; digital revenue up 27%, subscribers up 32%; 10-K filing delayed
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- FY22 total operating revenue $781M (-2% YoY); net income $1M; Adjusted EBITDA $96M (in line with guidance $95-98M).
- Q4 operating revenue $194M (flat YoY); net loss $6M; Adjusted EBITDA $30M (+17% YoY).
- Digital-only subscribers 532,000 (+32% YoY), exceeding updated guidance of 515,000. Total Digital Revenue $240M (+27%).
- Amplified Digital revenue $76M FY22 (+83% YoY); digital advertising/marketing services 50% of total ad revenue.
- Company expects 10-K filing delay due to internal control assessment; expects to file within 15-day extension. Management expects no material impact on preliminary results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58361/000162828022031655/0001628280-22-031655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58361/000162828022031655/lee-20221208.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-031655

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