Lee Enterprises Q1 digital revenue up 17% to $65M; reaffirms FY2023 Adjusted EBITDA guidance

LEE ENTERPRISES, Inc

Total operating revenue $185M; net income $2M; Adjusted EBITDA $18M.
Digital-only subscribers 564,000 (+25% YoY); digital subscription revenue +56% YoY.
Amplified Digital revenue $21M (+45% YoY); total digital advertising +12% YoY.
Debt principal $462.6M at 9% fixed rate, 25-year maturity; cash $18.3M.
FY2023 outlook: Total Digital Revenue $270-285M; Adjusted EBITDA $94-100M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LEE ENTERPRISES, Inc updated its first fiscal quarter ended December 25, 2022 guidance (reaffirmed).

Period: first fiscal quarter ended December 25, 2022
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

On March 2, 2023, Lee Enterprises, Incorporated (the "Company") reported its preliminary results for the first fiscal quarter ended December 25, 2022.

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Source: SEC EDGAR

accession 0001628280-23-005972

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