Lee Enterprises
Delivers local journalism, subscriptions, advertising products, and digital marketing services to U.S. communities.
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Profile
Provides local journalism through daily and weekly publications, alongside subscriptions, advertising products, digital products, and Amplified Digital Agency marketing services. The business serves mid-sized U.S. communities and is shifting its legacy newspaper base toward a digital-first subscription and marketing-services model.
Runs local daily and weekly publications, digital subscriptions, advertising products, and Amplified Digital Agency marketing services for mid-sized U.S. communities. Its stated commitment is to trusted, deeply local news and information, with digital subscriptions and digital advertising central to the operating model.
The local-media network expanded through acquisitions, including BH Media Group and The Buffalo News. The business is moving its legacy newspaper base toward a digital-first subscription and marketing-services platform.
Operations were disrupted by a cybersecurity incident in 2025, and financing from the BH Media acquisition remains part of the company’s capital structure.
Company facts
Categories
Key statistics
Year to date +82.4% · Average volume (30d) 44.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q3 FY26 | −$0.16 | $0.21 | +231.3% | $126.0M | $126.0M | 0.0% | +1.88% |
| May 7, 2026Q2 FY26 | −$0.94 | −$0.16 | +83.0% | $122.0M | $122.0M | 0.0% | −0.25% |
| Feb 10, 2026Q1 FY26 | −$0.69 | −$0.92 | −33.3% | $130.1M | $130.1M | 0.0% | +21.65% |
| Nov 26, 2025Q4 FY25 | −$0.06 | −$1.06 | −1,666.7% | $153.1M | $139.1M | −9.1% | 0.00% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $137.4M | $141.3M | $139.1M | $130.1M | $122.0M | $126.0M | |
| Gross profit | $134.3M | $138.0M | $136.1M | $127.1M | $119.4M | $123.4M | |
| Operating income | $984.0K | $9.6M | $9.6M | $5.3M | $6.4M | $13.0M | |
| Net income | −$12.5M | −$1.9M | −$6.4M | −$5.6M | −$2.1M | $4.7M | |
| Diluted EPS | −$2.08 | −$0.31 | −$1.05 | −$0.92 | −$0.35 | $0.77 | |
| Gross margin | 97.7% | 97.7% | 97.9% | 97.7% | 97.9% | 98.0% | |
| Operating margin | 0.7% | 6.8% | 6.9% | 4.1% | 5.3% | 10.3% |
Fiscal years (4-quarter sums)FY21 $794.6M · FY22 $781.0M · FY23 $691.1M · FY24 $611.4M · FY25 $562.3M
Revenue by product · Q3 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $59.4M · Total debt $475.3M · Total assets $624.6M · Shareholders' equity −$2.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 22.23M · Float 4.95M · 22.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| David Henry Hoffmann · director, 10 percent owner: | 12.14M | 54.62% | Form 4 | Jun 11, 2026 |
| Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001 (the "Trust") | 11.89M | 53.47% | 13D | Mar 17, 2026 |
| Quint Digital Ltd | 3.24M | 14.60% | 13G | Apr 23, 2026 |
| Solas Capital Management, LLC | 1.68M | 7.58% | 13F | May 15, 2026 |
| Ronald J. Kruszewski · director | 615.4K | 2.77% | Form 4 | Jun 3, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 11, 2026 | Herbert W. Iii Moloney | director | −24,000 | $9.82 |
| Jun 9, 2026 | David Henry Hoffmann | director, 10 percent owner: | +2,500 | $10.80 |
| Jun 10, 2026 | David Henry Hoffmann | director, 10 percent owner: | +1,500 | $10.47 |
| Jun 11, 2026 | David Henry Hoffmann | director, 10 percent owner: | +1,566 | $9.82 |
| Jun 4, 2026 | David Henry Hoffmann | director, 10 percent owner: | +18,200 | $11.08 |
Peers
- USA TODAY
National and local news network with digital marketing solutions
- Alphabet Class A
Global digital-advertising platform competing for local marketing spend
- Meta
Social-media advertising platform competing for local advertiser budgets
- New York Times
Digital journalism and subscription products competing for reader spend
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lee Enterprises | $8.37 | 0.00% | $186.1M | — | — | 0.4 | −10.9% |
| USA TODAY | $6.34 | −0.24% | $932.7M | — | 31.4 | 0.4 | −8.3% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Meta | $578.36 | +0.06% | $1.47T | 21.8 | 19.0 | 6.5 | +28.0% |
| New York Times | $68.16 | +0.01% | $11.07B | 28.4 | 22.8 | 3.7 | +11.2% |
| Median | 21.8 | 24.3 | 5.1 | +17.7% |






