Lee Enterprises (LEE) Misses Q4 EPS by 53c

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Lee Enterprises reports third quarter results, achieves many full-year digital targets early

August 4, 2022 7:00 AM EDT

Digital-only subscribers total 501,000 (49% YOY)Reached digital inflection point in advertising with 51% digital revenueAmplified Digital® revenue grew 74% and totaled $66M over the last twelve monthsReaffirms full year Adjusted EBITDA(1) guidance of $95 - $98 million

DAVENPORT, Iowa, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a leading provider of high quality, trusted, local news, information and a major platform for advertising in 77 markets, today reported third quarter fiscal 2022 financial results(2) for the period ended June 26, 2022.

Our third quarter results once again demonstrate the success of our Three Pillar Digital Growth... More