DAVENPORT, Iowa, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a major subscription and advertising platform and a leading provider of high quality, trusted, local news and information in 73 markets, has scheduled an audio webcast and conference call for Thursday, December 12, 2024, at 9 a.m. Central Time. Lee plans to issue a news release before the market opens that day with preliminary results for its year ended September 29, 2024. A live webcast of the conference call ma ...

Paris (France), October 31, 2024 Viridien announces the departure of Helen LEE BOUYGUES from the Board of Directors and the co-optation of Amélie OYARZABAL Helen LEE BOUYGUES resigned from her position as Director, effective as of September 11, 2024, to fully dedicate herself to new responsibilities. On October 31, 2024, upon recommendation of the Appointment, Remuneration and Governance Committee, the Board of Directors co-opted Amélie OYARZABAL as new independent Director for the remainder of Helen LEE B ...

LEE Enterprises (LEE, Financial) experienced a notable stock movement, with its price surging by 6.90%. The stock is currently priced at $9.30 per share, trading a volume of 18,464 shares and holding a turnover rate of 0.30% with a volatility of 5.46%. Recent financial reports show that LEE Enterprises achieved a revenue of $151 million, with a net loss of $4.27 million, and an earnings per share (EPS) of -$0.73. The gross profit for the company stands at $80.35 million, with a price-to-earnings (P/E) ratio ...

DAVENPORT, Iowa, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE) today announced its Chief Executive Officer, Kevin Mowbray, and Chief Financial Officer, Tim Millage, will hold a group presentation and host one-on-one meetings with investors at the Sidoti August Virtual Investor Conference, taking place on August 14-15, 2024. The group presentation will begin at 1:00pm ET on August 15, 2024, and can be accessed live here. Lee Enterprises will also host virtual one-on-one meetin ...

Financial Data and Key Metrics - Total operating revenue in Q3 2024 was $151 million, showing a 150 basis point sequential improvement [12] - Digital revenue grew to $290 million over the last 12 months, with a 17% annual growth rate over the last three years [9] - Digital subscription revenue totaled $21 million, growing 34% year-over-year [9] - Digital advertising revenue reached $50 million, with Amplified Digital Agency contributing $26 million, growing 12% year-over-year [9] - Print revenue declined 22% year-over-year, but showed a modest sequential improvement [13] - Adjusted EBITDA for the quarter was $15 million [13] - The company expects to achieve $75 million to $85 million in cost savings in FY 2024 [14] Business Line Data and Key Metrics - Digital subscribers grew 23% year-over-year, reaching 748,000 [7] - Digital-only ARPU showed strong year-over-year growth [12] - Amplified Digital Agency grew 12% in Q3, with annualized revenue exceeding $100 million [8] - Digital margin stood at an impressive 72%, indicating high profitability [10] Market Data and Key Metrics - The company is the fastest-growing digital subscriptions platform in local media, both in terms of revenue and subscribers [6] - Digital subscription unit growth has outpaced industry peers since the implementation of the digital transformation strategy four years ago [6] - The company expects to end the year with 771,000 digital subscribers [16] Company Strategy and Industry Competition - The company has achieved a digital revenue inflection point, with digital revenue surpassing print revenue [5] - The three-pillar digital growth strategy focuses on digital subscriptions, digital advertising, and digital services [11] - The company aims to achieve digital sustainability by 2026, with gross margin from digital products expected to exceed remaining SG&A costs [11] - The company continues to invest in talent and technology to drive long-term sustainable digital revenue growth [14] Management Commentary on Operating Environment and Future Outlook - The company is optimistic about the growth potential in the digital subscription and digital services marketplace [11] - The company expects digital revenue growth to accelerate, with significant opportunities ahead [18] - The company is well-positioned to capitalize on the momentum gained in Q3 2024 [18] Other Important Information - The principal amount of debt decreased by $3 million year-to-date, totaling $453 million, a $123 million reduction since March 2020 [15] - The company has identified $25 million of non-core assets for monetization, with $7 million closed year-to-date and an additional $10 million expected to close by the end of the fiscal year [16] - The company has updated its adjusted EBITDA outlook to $73 million to $78 million, reflecting incremental cost reductions [17] Q&A Session Question: Cost savings and transformation efforts - The company has a track record of effective cost management, with $75 million to $85 million in business transformation savings expected in FY 2024 [20] - The company has improved cost guidance by $20 million on the low end, reflecting tightening costs primarily within the print business [20] Question: Asset sales and future expectations - The company is optimistic about closing the remaining $25 million in non-core asset sales in 2025, with potential benefits from lower interest rates and construction costs [22] - The company will continue to evaluate its real estate portfolio to increase the amount of non-core assets available for monetization [22]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended June 23, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-6227 LEE ENTERPRISES, INCORPORATED (Exact name of Registrant as specified in its Charter) Delaware 42-0823980 (State or other jurisdiction of incorporation or ...

Lee Enterprises nears digital sustainability with revenue inflection point (1) Total Digital Revenue represented 50% of total revenue Digital-only subscription revenue increased 34% with subscriptions up 23% Amplified Digital Agency revenue totaled $26M, up 12% YOY (2) ® (2) DAVENPORT, Iowa (August 1, 2024) — Lee Enterprises, Incorporated (NASDAQ: LEE), a digital-first subscription platform providing high quality, trusted, local news, information and a major platform for advertising in 73 markets, today rep ...

Total Digital Revenue(1) represented 50% of total revenue Digital-only subscription revenue increased 34%(2) with subscriptions up 23% Amplified Digital® Agency revenue totaled $26M, up 12% YOY(2) DAVENPORT, Iowa, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a digital-first subscription platform providing high quality, trusted, local news, information and a major platform for advertising in 73 markets, today reported preliminary third quarter fiscal 2024 financial results(3 ...

DAVENPORT, Iowa, July 18, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ:LEE), a major subscription and advertising platform and a leading provider of high quality, trusted, local news and information in 73 markets, has scheduled an audio webcast and conference call for Thursday, August 1, 2024, at 9 a.m. Central Time. Lee plans to issue a news release before the market opens that day with preliminary results for its third quarter ended June 23, 2024. A live webcast of the conference call ma ...

They fill retirement vacancies, bringing the board back to nine members. DAVENPORT, Iowa, July 18, 2024 (GLOBE NEWSWIRE) -- Madeline McIntosh and Jon Miller, pioneering media executives with extensive accomplishments in digital technology, consumer marketing and business transformations, have joined the board of directors of Lee Enterprises, Incorporated (NASDAQ:LEE). Madeline McIntosh is a digital pioneer and media executive with decades of experience leading business transformations. A major profile in Th ...