Lee Enterprises

Lee Enterprises was added to the Russell 2000 Index effective at the U.S. market open; the inclusion applies for six months and is based on membership in the Russell 3000. The stock has risen 141% over the past six months and gained 88% year-to-date; current price $9.24, market capitalization around $205 million. The stock was automatically also included in the corresponding growth and value indexes. Lee provides local news in 114 markets and generated $532 million in revenue over the past twelve months. » Więcej na de.investing.com

Lee Enterprises reports strong operational progress in Q2 FY26: digital revenues account for 56% of revenue (vs. 21% in 2020), adjusted EBITDA rose 95% to $15.1 million, and adjusted EPS was -$0.16 versus a forecast of -$0.94. Total revenue for the quarter was $121.96 million, cash stood at $53 million at the end of March, and cash costs fell 15%. Lee has 591,000 digital subscribers, reports LTM digital revenue of $290 million, and sees further growth potential in the conversion funnel. Management confirms the outlook for adjusted EBITDA growth in the mid-single-digit percentage range and aims for “digital sustainability” within three years. » Więcej na de.investing.com

Lee Enterprises reported a 95% year-over-year increase in adjusted EBITDA driven by a 15% reduction in cash costs and a shift toward digital revenue, which now accounts for 56% of total revenue. Management is exiting lower-margin ad products, pursuing partnerships and premium content offerings, and expects digital revenue and margins to cover all SG&A within three years while reaffirming mid-single-digit full-year adjusted EBITDA growth. The company noted $4 million in insurance proceeds from a prior cyber event, plans to monetize about $20 million of noncore assets to accelerate debt reduction, and anticipates roughly $18 million in annual interest savings from recent financing actions. » Więcej na finance.yahoo.com