Lee Enterprises Reports First Quarter Results
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Lee Enterprises reported its first quarter results, highlighting a 5% year-over-year increase in total digital revenue, which now represents 51% of total revenue. Digital-only subscription revenue rose by 14%, and Amplified Digital® Agency revenue reached $24 million, also up 14% year-over-year.
February 06, 2025 | 12:15 pm
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Lee Enterprises reported a 5% increase in digital revenue, now making up 51% of total revenue. Digital-only subscriptions and Amplified Digital® Agency revenue both grew by 14%.
The increase in digital revenue and subscriptions indicates a successful shift towards digital platforms, which is positive for Lee Enterprises' growth strategy. The consistent growth in digital revenue streams suggests potential for future profitability, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100