Lee Enterprises Q1 Adjusted EBITDA rises 61%
Overview
Digital news platform's preliminary Q1 revenue was $130 mln, with digital revenue comprising 54%
Adjusted EBITDA grew $5 mln or 61% yr/yr, driven by digital subscription revenue
Company closed $50 mln equity investment, reducing debt interest rate to 5% from 9%
Outlook
Lee Enterprises expects mid-single digit Adjusted EBITDA growth for fiscal 2026
Company anticipates up to $5 mln in capital expenditures for FY26
Lee Enterprises projects $18 mln annual interest savings from debt rate reduction
Result Drivers
DIGITAL SUBSCRIPTION REVENUE - Growth in digital subscription revenue was a key driver of Adjusted EBITDA increase, according to CEO Nathan Bekke
INSURANCE REIMBURSEMENT - $2 million insurance reimbursement for a cyber event contributed to Q1 Adjusted EBITDA
EQUITY INVESTMENT - $50 million equity investment reduced debt interest rate, enhancing financial stability
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Total operating revenue |
| $130 mln |
|
Q1 EPS |
| -$0.92 |
|
Q1 Net Income |
| -$5.13 mln |
|
Q1 Operating Expenses |
| $125.93 mln |
|
Q1 Operating Income |
| $5.21 mln |
|
Q1 Pretax Profit |
| -$4.20 mln |
|
Press Release: ID:nGNX4Y92Yr
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