Lee Enterprises Q2 Adjusted EBITDA up 5% YoY; digital-only subscription revenue surges 48% to $20M

LEE ENTERPRISES, Inc

2024-Q2 EPS reported -$1.94 revenue$302,228,000

Total digital revenue $71M (11% YoY increase), now 48% of total operating revenue of $147M.
Digital-only subscription revenue $20M (+48% YoY) with 745,000 digital subscribers (+25% YoY).
Adjusted EBITDA $15M (+5% YoY); Cash Costs down 16% YoY to $133M.
FY2024 outlook unchanged: digital revenue $310-330M, Adjusted EBITDA $83-90M, digital subscribers 771k.
Debt $454M at 9% fixed rate with 25-year maturity, no performance covenants; cash on hand $16M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LEE ENTERPRISES, Inc updated its second quarter ended March 24, 2024 guidance (reaffirmed).

Period: second quarter ended March 24, 2024
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

On May 2, 2024, Lee Enterprises, Incorporated (the “Company”) reported its preliminary results for the second quarter ended March 24, 2024.

View on SEC.gov

201 earnings releases filed in the last 30 days. Browse all earnings releases →

LEE ENTERPRISES, Inc filing history →

Source: SEC EDGAR

accession 0001628280-24-019841

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.