Lee Enterprises, Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended March 24, 2024
May 02, 2024 at 07:00 am EDT
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Lee Enterprises, Incorporated reported earnings results for the second quarter and six months ended March 24, 2024. For the second quarter, the company reported revenue was USD 146.55 million compared to USD 170.69 million a year ago. Net loss was USD 12.18 million compared to USD 5.89 million a year ago. Basic loss per share from continuing operations was USD 2.06 compared to USD 1.01 a year ago. Diluted loss per share from continuing operations was USD 2.06 compared to USD 1.01 a year ago.
For the six months, revenue was USD 302.23 million compared to USD 355.82 million a year ago. Net loss was USD 11.49 million compared to USD 4.79 million a year ago. Basic loss per share from continuing operations was USD 1.94 compared to USD 0.82 a year ago. Diluted loss per share from continuing operations was USD 1.94 compared to USD 0.82 a year ago.
Lee Enterprises, Incorporated is a provider of local news and information in the markets it serves with digital subscription and advertising platforms. The Companyâs product portfolio includes digital subscription platforms, daily, weekly and monthly newspapers and niche publications, all delivering original local news and information. The Companyâs products offer print and digital editions, and its content and advertising are available in real time through its websites and mobile apps. It operates in predominately mid-sized communities with products ranging from daily newspapers and associated digital products, such as the St. Louis Post-Dispatch and The Buffalo News, to non-daily newspapers with news websites and digital platforms serving smaller communities. The Company is focused on three categories: subscriptions to its product offerings, advertising and marketing solutions to local advertisers, and digital services to a diverse set of customers.
LEE ENTERPRISES, INCORPORATED 
