Quarterly ResultAug 6, 2026, 03:58 PM
Lee Enterprises Q3 Net Income $5M; Adj EBITDA +23%; Raises FY26 Outlook
AI Summary
Lee Enterprises reported strong preliminary third quarter fiscal 2026 financial results, achieving a net income of $5 million, a significant improvement from a net loss in the prior year. Adjusted EBITDA grew 23% year-over-year to $18 million, driven by disciplined cost management and operational improvements. The company also increased its fiscal year 2026 Adjusted EBITDA outlook to a growth range of 22% to 28% and highlighted its digital-first strategy, with digital revenue representing 57% of total revenue.
Key Highlights
- Net income was $5 million, an improvement of $7 million over prior year quarter.
- Adjusted EBITDA grew 23% year-over-year to $18 million.
- Increased fiscal 2026 Adjusted EBITDA outlook to 22% to 28% year-over-year growth.
- Digital revenue reached $72 million, representing 57% of total operating revenue.
- Interest expense declined 45%, or $5 million, from the prior-year quarter.
- Ended the quarter with $59 million in cash on the balance sheet.
- Digital-only subscribers totaled 584,000.
- Total operating revenue was $126 million.
Price Impact
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