Lee Q3 net loss narrows to $2M; digital revenue 55% of total; Adjusted EBITDA $15M (+1%)

LEE ENTERPRISES, Inc

2025-Q3 EPS reported -$5.16 revenue$423,235,000

Total operating revenue $141M; Total Digital Revenue $78M (55% of revenue), up 3% YoY.
Digital-only subscription revenue $23M (+13% YoY); 670,000 digital-only subscribers.
Amplified Digital Agency revenue $29M, up 10% YoY; digital services (BLOX) $5M.
Net loss $2M; Adjusted EBITDA $15M (+1% YoY); Cash Costs down 7% to $128M.
Debt $455M (9% fixed, 25-yr maturity); lender waived Mar-May interest; since May 2025 all payments from ops.

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