LEE - Lee reports misses Q1 top and bottom consensus; reaffirms adjusted EBITDA FY23 outlook

2023-05-04 07:17:52 ET

• Lee press release ( NASDAQ: LEE ): Q2 GAAP EPS of -$1.01 misses by $0.50 .
• Revenue of $170.69M (-10.2% Y/Y) misses by $3.01M .
• Total Digital Revenue totaled $65M (+12% Y/Y)Digital-only subscribers total 596,000 (+21% Y/Y) with revenue +39% Y/Y.Amplified Digital ^® revenue totaled $22M in the fiscal quarter (+20% Y/Y).
• Reaffirms Adjusted EBITDA guidance for fiscal 2023 of $94 million (-2% Y/Y) - $100 million (+4% Y/Y).
• Total Digital Revenue of $270 million (+13% Y/Y) - $285 million (+19% Y/Y).

For further details see: