FIRST QUARTER FY2026 EARNINGS FEBRUARY 10, 2026 SAFE HARBOR The information provided in this presentation may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "aims", "anticipates," "plans," "expects," "intends," "will," "potential," "hope" and similar expressions ...

Financial Performance - Q3 FY2025 - Total operating revenue reached $141 million, a decrease of 6% year-over-year (YoY), or 5% on a same-store basis[13] - Total digital revenue amounted to $78 million, reflecting a 4% YoY increase[13] - Print revenue totaled $63 million, experiencing a 15% decline[13] - Adjusted EBITDA stood at $15 million, showing a 1% YoY growth[14] - Total cash costs were $128 million, a reduction of 7% YoY[14] Digital Revenue Growth - Digital-only subscription revenue was $23 million, up by 13% YoY, or 16% on a same-store basis[6] - Amplified Digital® Agency revenue reached $29 million, an increase of 9% YoY, or 10% on a same-store basis[6] - Digital advertising revenue was $49 million, a decrease of 2% YoY, or 1% on a same-store basis[6] - The company expects to drive more than $450 million of digital revenue by 2028[4] Strategic Initiatives and Outlook - The company is implementing a Three Pillar Digital Growth Strategy to transform from a print-centric to a digital-centric business[3] - The company anticipates YoY growth in the low single digits for both total digital revenue and adjusted EBITDA in the second half of FY25[24]

Financial Performance - Q2 FY2025 - Total operating revenue reached $137 million, a decrease of 6% year-over-year (YoY), or 5% on a same-store basis[14] - Total digital revenue amounted to $73 million, reflecting a 3% YoY increase[14] - Print revenue totaled $65 million, experiencing a 14% decline[14] - Adjusted EBITDA stood at $8 million[15] Digital Revenue Growth - Digital subscription revenue grew by 20% to $24 million[16] - Amplified Digital® agency revenue increased by 9% to $25 million[16] - Digital advertising revenue decreased by 2% to $44 million[16] - Lee expects the Three Pillar Digital Growth Strategy to drive more than $450 million of digital revenue by 2028[3] Cost Management and Debt Reduction - Total cash costs were $131 million, a 2% YoY decrease[15] - Approximately $40 million of annualized cost reductions were executed in the second quarter of FY25[21] - Debt was reduced by $123 million since refinancing in March 2020, bringing the total to $453 million in Q2 2025 from $576 million in Q2 2020[23, 25] Future Outlook - The company anticipates low-single-digit YoY growth in total digital revenue for the second half of FY25[26] - The company anticipates low-single-digit YoY growth in Adjusted EBITDA for the second half of FY25[26]