LEE - Lee GAAP EPS of $2.17 beats by $1.63 revenue of $202.28M beats by $1.98M

Lee press release (NASDAQ:LEE): FQ1 GAAP EPS of $2.17 beats by $1.63. Revenue of $202.28M (-4.5% Y/Y) beats by $1.98M. Digital-only subscribers grew 57%; exceeds halfway mark to 2026 target of 900K Digital Advertising Revenue totaled $43M in the quarter (+19% Y/Y). Total Digital Revenue totaled $55M in the quarter (+17% Y/Y);Subscription-based revenue totaled $107M in the quarter; represents 53% of revenue. The company expects FY2022 digital revenue of $230M and adjusted EBITDA in the range of $95M-$98M.

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Lee GAAP EPS of $2.17 beats by $1.63, revenue of $202.28M beats by $1.98M