earnings
confidence high
sentiment neutral
materiality 0.75
Lee Enterprises Q4 digital revenue $82M (51% of total); FY EBITDA $65M misses target
LEE ENTERPRISES, Inc
- Q4 total operating revenue $159M; digital-only subs revenue $24M, up 30% YoY.
- FY24 total digital revenue $299M, up 11% YoY; print revenue $312M, down 21%.
- Adjusted EBITDA $17M in Q4, $65M for FY24; fell short of company target.
- Debt $446M (9% fixed, 25-yr maturity, no covenants); net debt $436M after $10M cash.
- FY25 outlook: digital revenue growth 7-10%; Adjusted EBITDA low-single-digit growth.