LEE ENTERPRISES, IncLEEEarnings & Financial Report
Lee Enterprises, Inc. is a publicly traded American media company. It publishes 72 daily newspapers in 25 states, and more than 350 weekly, classified, and specialty publications. Lee Enterprises was founded in 1890 by Alfred Wilson Lee and is based in Davenport, Iowa.
Revenue
$146.6M
Gross Profit
N/A
Operating Profit
$-4.6M
Net Profit
$-12.2M
Gross Margin
N/A
Operating Margin
-3.1%
Net Margin
-8.3%
YoY Growth
-14.1%
EPS
$-2.06
LEE ENTERPRISES, Inc Q2 FY2024 Financial Summary
LEE ENTERPRISES, Inc reported revenue of $146.6M (down 14.1% YoY) for Q2 FY2024, with a net profit of $-12.2M (down 106.9% YoY) (-8.3% margin).
Key Financial Metrics
| Total Revenue | $146.6M |
|---|---|
| Net Profit | $-12.2M |
| Gross Margin | N/A |
| Operating Margin | -3.1% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
LEE ENTERPRISES, Inc Q2 FY2024 revenue of $146.6M breaks down across 3 segments, led by Subscription And Circulation at $69.2M (47.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Subscription And Circulation | $69.2M | 47.2% |
| Advertising And Marketing Services | $64.1M | 43.8% |
| Other | $13.2M | 9.0% |
LEE ENTERPRISES, Inc Revenue by Segment — Quarterly Trend
LEE ENTERPRISES, Inc revenue by segment across the last 4 reported quarters, showing how each business line (such as Subscription And Circulation and Advertising And Marketing Services) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Subscription And Circulation | $57.7M | $67.0M | $61.6M | $64.9M |
| Advertising And Marketing Services | $60.0M | $59.4M | $66.6M | $60.5M |
| Other | $12.4M | $12.8M | — | $12.0M |
LEE ENTERPRISES, Inc Annual Revenue by Year
LEE ENTERPRISES, Inc annual revenue history includes year-by-year totals (for example, 2025 revenue was $562.3M).
| Year | Annual Revenue |
|---|---|
| 2025 | $562.3M |
| 2024 | $611.4M |
| 2023 | $691.1M |
| 2022 | $781.0M |
LEE ENTERPRISES, Inc Quarterly Revenue & Net Profit History
LEE ENTERPRISES, Inc results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $130.1M | -10.0% | $-5.6M | -4.3% |
| Q4 FY2025 | $139.1M | -12.3% | $-6.4M | -4.6% |
| Q3 FY2025 | $141.3M | -6.2% | $-1.9M | -1.4% |
| Q2 FY2025 | $137.4M | -6.3% | $-12.5M | -9.1% |
| Q1 FY2025 | $144.6M | -7.1% | $-16.7M | -11.6% |
| Q4 FY2024 | $158.6M | -3.3% | $-10.1M | -6.4% |
| Q3 FY2024 | $150.6M | -12.1% | $-4.3M | -2.8% |
| Q2 FY2024 | $146.6M | -14.1% | $-12.2M | -8.3% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $146.6M | $150.6M | $158.6M | $144.6M | $137.4M | $141.3M | $139.1M | $130.1M |
| YoY Growth | -14.1% | -12.1% | -3.3% | -7.1% | -6.3% | -6.2% | -12.3% | -10.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $684.8M | $677.5M | $649.2M | $633.0M | $623.9M | $622.7M | $601.7M | $592.6M |
| Liabilities | $674.4M | $671.0M | $656.5M | $657.1M | $660.0M | $660.8M | $642.7M | $639.0M |
| Equity | $7.9M | $4.0M | $-9.9M | $-26.7M | $-38.9M | $-40.5M | $-43.3M | $-48.7M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $3.2M | $-1.9M | $-261000 | $-7.3M | $-790000 | $8.9M | $-6.3M | $4.5M |