Lee Q4 digital revenue up 14% to $73M, raises long-term subscriber target to 1.2M

LEE ENTERPRISES, Inc

Q4 total operating revenue $164M; digital revenue $73M (44% of total), up 14% YoY.
Digital-only subscribers 721,000 (+36% YoY); digital-only subscription revenue up 68% same-store.
Adjusted EBITDA $30M in Q4; FY24 guidance $83-90M, implying up to +6% YoY growth.
Long-term digital subscriber outlook raised to 1.2M (+33%); digital subscription revenue target ~$150M.
Debt $456M at 9% fixed rate, 25-year maturity, no principal payments, no financial covenants.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LEE ENTERPRISES, Inc reported preliminary financial results for fourth quarter ended September 24, 2023.

Period: fourth quarter ended September 24, 2023
Result: preliminary results

Exact text from the filing

On December 7, 2023, Lee Enterprises, Incorporated (the “Company”) reported its preliminary results for the fourth quarter ended September 24, 2023.

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LEE ENTERPRISES, Inc filing history →

Source: SEC EDGAR

accession 0001628280-23-040993

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