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Lee Enterprises LEE Q3 2026 earnings

Reported August 6, 2026 · Before market open

Revenue$126.0MBeat by $4.5M
EPS$0.21Beat by $0.37
Revenue estimate$121.5M
EPS estimate-$0.16
Our third quarter results demonstrate the continued execution of our digital-first strategy and the meaningful progress we are making across the business. We delivered another quarter of year-over-year Adjusted EBITDA growth while generating positive net income, reflecting disciplined cost management, ongoing operational improvements and the benefits of the strategic actions we've taken over the past year. Third quarter Adjusted EBITDA increased 23% year-over-year, or 19% excluding insurance reimbursements received. These results underscore the strength of our operating model and reinforce our confidence in the direction of the business.
Nathan Bekke

Next report

Dec 3, 2026 (in 3 months)
Revenue estimate$125.5M
EPS estimate$0.06

Financials

Q3 2026

Income statement

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Revenue$126.0M-10.8%
Operating income$8.6M+85.2%
Net income$4.7M+343%
EPS (diluted)$0.21+168%

Balance sheet

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Cash & equivalents$59.4M+321%
Total debt$475.3M-2.1%
Total equity-$2.2M+94.5%
Total assets$624.6M+0.3%

Cash flow

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Operating cash flow$7.9M-11.0%
CapEx$1.1M+74.0%
Free cash flow$6.8M

Valuation & ratios

Valuation

as of 09/16/26
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Market cap$164.74M+30.8%
Enterprise value$580.61M-2.8%
P/S0.3×+0.1×

Profitability

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Operating margin4%
Net margin-1.8%-0.8pp
FCF margin-0.1%

Returns & leverage

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Current ratio1.2×+0.3×

Segments

By product

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Advertising and marketing services$59.3M-10.9%
Subscription$54.7M-11.1%

FAQ

When did Lee Enterprises report Q3 2026 earnings?
Lee Enterprises (LEE) reported Q3 2026 earnings on August 6, 2026 before market open.
What were Lee Enterprises's Q3 2026 revenue and EPS?
Lee Enterprises reported revenue of $126.0M and eps of $0.21 for Q3 2026.
Did Lee Enterprises beat estimates in Q3 2026?
Revenue beat the consensus estimate of $121.5M by $4.5M. EPS beat the consensus estimate of $-0.16 by $0.37.
How did Lee Enterprises's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 10.8% from $141.3M a year earlier.
Where can I find Lee Enterprises's Q3 2026 SEC filings?
You can read the 8-K earnings release (0000058361-26-000057) and the 10-Q periodic report (0000058361-26-000060) directly on SEC EDGAR. The filing index links above go to sec.gov.