Lee Enterprises, Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended March 26, 2023
May 04, 2023 at 07:00 am EDT
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Lee Enterprises, Incorporated reported earnings results for the second quarter and six months ended March 26, 2023. For the second quarter, the company reported revenue was USD 170.69 million compared to USD 190.01 million a year ago. Net loss was USD 5.89 million compared to USD 7.28 million a year ago. Basic loss per share from continuing operations was USD 1.01 compared to USD 1.26 a year ago. Diluted loss per share from continuing operations was USD 1.01 compared to USD 1.26 a year ago.
For the six months, revenue was USD 355.82 million compared to USD 392.3 million a year ago. Net loss was USD 4.79 million compared to net income of USD 5.38 million a year ago. Basic loss per share from continuing operations was USD 0.82 compared to basic earnings per share from continuing operations of USD 0.94 a year ago. Diluted loss per share from continuing operations was USD 0.82 compared to diluted earnings per share from continuing operations of USD 0.92 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 
