Lee Enterprises(LEE) - 2023 Q2 - Earnings Call Presentation

$400M DIGITAL TRANSFORMATION: KEY TAKEAWAYS Lee's digital transformation strategy is expected to generate recurring sustainable digital subscription revenue of$ 100M in 2026 12 13 3 SOLID Q2 RESULTS Q2 Revenue • Digital Subscription Revenue $14M, +39% Q2 Adjusted EBITDA(1) • Industry-leading digital revenue growth in a dynamic market • Digital Advertising grew 7% YoY driven by Amplified growth of 20% • Thoughtful investments in digital future •$ 76M of annualized cost reductions executed in mid-Q2 had a sig ...