Lee Enterprises ( (LEE) ) has released its Q1 earnings. Here is a breakdown of the information Lee Enterprises presented to its investors.
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Lee Enterprises, based in Davenport, Iowa, is a digital-first subscription platform that delivers local news and information and provides a major advertising platform across 72 markets in the United States.
In the first quarter of fiscal 2025, Lee Enterprises reported a modest increase in total digital revenue, reflecting the company’s ongoing digital transformation efforts. Digital-only subscription revenue saw a significant rise, while the company continues to focus on enhancing its digital advertising capabilities.
The company’s total operating revenue for the quarter was $145 million, with digital revenue accounting for 51% of this total. Digital-only subscription revenue increased by 14% year-over-year, and digital advertising and marketing services revenue constituted 70% of total advertising revenue. However, the company reported a net loss of $16 million and an Adjusted EBITDA of $8 million.
Lee Enterprises recently entered a strategic partnership with Amazon Web Services to optimize content delivery and improve customer engagement. This move is part of the company’s strategy to leverage cutting-edge technology to drive growth and efficiency.
Looking ahead, Lee Enterprises’ management expects digital revenue growth to accelerate, aiming for a 7% to 10% increase for the full fiscal year. The company also plans to achieve cost reductions in its print business, which is expected to help meet its overall Adjusted EBITDA guidance for the year.
