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Lee Enterprises ( (LEE) ) just unveiled an announcement.
On February 6, 2025, Lee Enterprises reported its preliminary first quarter fiscal 2025 results, highlighting a 5% year-over-year increase in total digital revenue, which now represents 51% of the company’s total revenue. Digital-only subscription revenue saw a 14% rise, while Amplified Digital Agency revenue grew 14% to $24 million. The company continues its digital transformation, notably through a new strategic partnership with Amazon Web Services to enhance content delivery and customer engagement. Lee Enterprises also identified $40 million in cost reductions to be executed by the end of the second quarter, aiming for digital revenue growth between 7% and 10% for the fiscal year.
More about Lee Enterprises
Lee Enterprises is a major subscription and advertising platform known for providing local news and information through daily newspapers, a growing range of digital products, and nearly 350 weekly and specialty publications across 72 markets in 25 states. The company is committed to delivering valuable local news to the communities it serves, with notable markets including St. Louis, MO; Buffalo, NY; Omaha, NE; and others. Lee Enterprises trades on NASDAQ under the symbol LEE.
YTD Price Performance: -13.73%
Average Trading Volume: 32,238
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $76.26M
For an in-depth examination of LEE stock, go to TipRanks’ Stock Analysis page.
