Subscription was Lee Enterprises’s largest product and service line in fiscal 2025, bringing in $352.66M of $618.28M (57%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Subscription | $313.50M | $252.59M | — | $352.66M | |||||
| Subscription & Circulation | — | — | — | — | |||||
| Advertising & Marketing Services | $184.96M | $193.17M | $81.49M | $183.82M | |||||
| Digital Advertising | — | — | — | — | |||||
| Other | $42.96M | $39.51M | $74.27M | $81.80M | |||||
| Product & Service, Other | — | — | — | — | |||||
| Other Revenues | — | — | — | — | |||||
| Digital Subscription Revenue | — | — | — | — | |||||
| Digital Services Revenues | — | — | — | — | |||||
| Total | $541.43M | $485.27M | $155.76M | $618.28M |
Lee Enterprises brought in $618.28M from its three product and service lines in fiscal 2025, the year ended September 28, 2025. Lee Enterprises regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $155.76M. Subscription was the largest at $352.66M (57.0%), ahead of Advertising & Marketing Services at $183.82M (29.7%) and Other at $81.80M (13.2%).
Compared with fiscal 2024, Advertising & Marketing Services grew 125.6% to $183.82M and Other grew 10.1% to $81.80M. From fiscal 2022 to 2025, combined revenue from these lines grew from $541.43M to $618.28M, a compound annual growth rate of 4.5%. Subscription's share of the total fell from 57.9% to 57.0%.
Digital Advertising & Marketing Services Revenue was Lee Enterprises’s largest revenue line in fiscal 2025, bringing in $183.82M of $348.00M (53%).
| Contract with Customer, Sales Channel | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Print Advertising Revenue | — | $252.59M | $197.58M | $164.17M | ||
| $313.50M | — | — | — | |||
| Digital Advertising & Marketing Services Revenue | — | $193.17M | $194.21M | $183.82M | ||
| Digital | $181.47M | — | — | — | ||
| Total | $494.97M | $445.76M | $391.80M | $348.00M |
Lee Enterprises brought in $348.00M from its two revenue lines in fiscal 2025, the year ended September 28, 2025. That is less than the $618.28M it reports by product and service, so these revenue lines do not cover all of its revenue. Digital Advertising & Marketing Services Revenue was the largest at $183.82M (52.8%), ahead of Print Advertising Revenue at $164.17M (47.2%).
Compared with fiscal 2024, Digital Advertising & Marketing Services Revenue fell 5.3% to $183.82M and Print Advertising Revenue fell 16.9% to $164.17M.
Lee Enterprises began breaking out Print Advertising Revenue in fiscal 2023 and Digital Advertising & Marketing Services Revenue in fiscal 2023. Lee Enterprises stopped reporting Print ($313.50M in fiscal 2022) and Digital ($181.47M in fiscal 2022) as separate revenue lines.
Lee Enterprises (LEE) reports its revenue by product and service and by contract with customer, sales channel. In fiscal 2025, Subscription was its largest product and service line, bringing in $352.66M (57.0% of the total), followed by Advertising & Marketing Services at $183.82M (29.7%).
Subscription was Lee Enterprises' largest product and service line in fiscal 2025, bringing in $352.66M, or 57.0% of the $618.28M total across its three product and service lines.
Digital Advertising & Marketing Services Revenue was Lee Enterprises' largest revenue line in fiscal 2025, bringing in $183.82M, or 52.8% of the $348.00M total across its two revenue lines.
Every figure comes from Lee Enterprises' annual financial filings, as reported. Each line keeps the name Lee Enterprises gives it, and years follow its fiscal calendar.
Lee Enterprises' revenue by product and service goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.