Lee Enterprises Says Digital-only subscribers totaled 735,000 (+30% YoY); Revenue +60% YoY In Q1 FY24
Portfolio Pulse from Benzinga Newsdesk
Lee Enterprises reported a significant increase in its digital-only subscribers, totaling 735,000, marking a 30% year-over-year growth. Additionally, the company's revenue saw a 60% increase year-over-year in Q1 FY24.
February 01, 2024 | 12:06 pm
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Lee Enterprises reported a 30% increase in digital-only subscribers and a 60% revenue growth in Q1 FY24.
The significant growth in both digital-only subscribers and revenue for Lee Enterprises indicates a strong performance and positive market reception. This is likely to instill investor confidence and could lead to a short-term increase in stock price, given the positive growth indicators.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100