---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-027102"
form_type: "8-K"
ticker: "LEE"
cik: "0000058361"
company_name: "LEE ENTERPRISES, Inc"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:53:09.738043+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lee Enterprises Q3 digital revenue up 15% to $70M; digital-only subscribers up 21% to 606K

## Summary
- Net income $2M; Adjusted EBITDA $23M (+1% YoY).
- Total Digital Revenue $70M (41% of total operating revenue); digital-only subscription revenue +43% YoY.
- FY2023 guidance: Total Digital Revenue $270-285M, Adjusted EBITDA $85-90M.
- Debt $460M at 9% fixed interest, no financial covenants.
- Amplified Digital revenue $24M (+15% YoY).

## SEC filing metadata
- accession: 0001628280-23-027102
- form_type: 8-K
- ticker: LEE
- cik: 0000058361
- company_name: LEE ENTERPRISES, Inc
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/58361/000162828023027102/0001628280-23-027102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/58361/000162828023027102/lee-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-027102
- JSON: https://secwatch.observer/filing/0001628280-23-027102.json
- Plain text: https://secwatch.observer/filing/0001628280-23-027102.txt

## Key facts
- Earnings Releases
  LEE ENTERPRISES, Inc reported third fiscal quarter ended June 25, 2023 results: revenue $171 million, net income $2 million.
  - Period: third fiscal quarter ended June 25, 2023
  - Revenue: $171 million
  - Net income: $2 million
  - Result: preliminary results
  source text: Key Third Quarter Highlights: • Total operating revenue was $171 million. • Total Digital Revenue was $70 million, a 15% increase over the prior year, and represented 41% of our total operating revenue. • Digital-only subscription revenue increased 43% in the third quarter compared to the same quarter last year due to a 21% increase in digital-only subscribers and marketing efforts driving price yields. Digital-only subscribers totaled 606,000 at the end of the June quarter. • Digital advertising and marketing services revenue represented 63% of our total advertising revenue and totaled $50 million, an 8% increase over the prior year. Digital marketing services revenue at Amplified Digital ® fueled the growth, with quarterly revenue of $24 million, a 15% increase compared to the prior year. • Digital services revenue, which is predominantly BLOX Digital, totaled $5 million in the quarter. On a standalone basis, revenue at BLOX Digital totaled $9 million, a 12% increase over the prior y
  evidence_url: https://www.sec.gov/Archives/edgar/data/58361/000162828023027102/0001628280-23-027102-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.