Lee Enterprises Q3 FY26 net income returns to profit at $5 million; adjusted EBITDA rises 23% to $18 million

Lee Enterprises raised its fiscal 2026 adjusted EBITDA (non-GAAP) outlook to 22% to 28% year-over-year growth.

Lee Enterprises reported fiscal Q3 net income of $5 million, returning to profit from a loss a year earlier.

• Adjusted EBITDA (non-GAAP) rose 23% year over year to $18 million.
• Revenue totaled $126 million, with digital revenue of $72 million making up 57% of the total.
• Interest expense fell 45% year over year to $5.56 million, reflecting a fixed annual interest rate cut to 5% from 9%.