Lee Enterprises reported preliminary third-quarter fiscal 2026 results for the period ended June 28, 2026, delivering net income of $5 million and Adjusted EBITDA of $18 million, a 23% year-over-year increase. Total operating revenue was $126 million, with digital revenue representing 57% of the total at $72 million. The company raised its full-year fiscal 2026 Adjusted EBITDA outlook to reflect 22% to 28% year-over-year growth, driven by a reduction in interest expense from 9% to 5% following a February strategic investment and disciplined cost management that lowered cash costs by 14%. Lee Enterprises operates as a digital-first local news and advertising platform serving 114 markets across the United States.
