Lee Enterprises(US:LEE)2025-05-08 14:56Financial 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]