earnings
confidence high
sentiment neutral
materiality 0.75
Lee Q3 digital revenue hits 50% of total; FY Adj EBITDA guidance cut to $73-78M
LEE ENTERPRISES, Inc
2024-Q3 EPS reported
-$2.68
revenue$452,806,000
- Total operating revenue $151M; digital revenue $76M (+9% YoY) now 50% of total.
- Digital-only subscription revenue $21M (+34% YoY) on 748k subs (+23% YoY).
- Amplified Digital Agency revenue $26M (+12% YoY), annualized >$100M.
- Adjusted EBITDA $15M; FY2024 outlook lowered to $73-78M from prior expectations.
- Debt $453M (9% fixed, 25-yr maturity, no covenants); cash $13M; net debt $439M.