Lee Enterprises reports Q4 EPS ($1.69) vs. (32c) last year

Reports Q4 revenue $159M vs. $164M last year. “The team achieved significant milestones in FY24, driving 41% revenue growth in digital subscriptions and approaching $100 million in Amplified Digital revenue for the fiscal year,” said Kevin Mowbray, Lee‘s President and CEO. “We successfully met our digital subscription unit target and laid a robust foundation for our digital transformation through talent investments in AI, technology expertise, and complex IT infrastructure. While these accomplishments reflect strong execution of our strategy, we are not satisfied with the overall operating metrics, as we fell short of our Adjusted EBITDA target,” Mowbray added.