Subscription was Lee Enterprises’s largest product and service line in fiscal 2025, bringing in $258.41M of $562.34M (46%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Advertising & Marketing Services | $366.43M | $318.98M | $275.70M | $252.99M | |||||
| Subscription | $353.62M | $313.29M | $281.92M | $258.41M | |||||
| Subscription & Circulation | — | — | — | — | |||||
| Other | $60.92M | $58.87M | $53.76M | $50.94M | |||||
| Other Revenues | — | — | — | — | |||||
| Digital Services Revenues | — | — | — | — | |||||
| Total | $780.97M | $691.14M | $611.38M | $562.34M |
Lee Enterprises brought in $562.34M from its three product and service lines in fiscal 2025, the year ended September 28, 2025. That was down 8.0% from $611.38M in fiscal 2024. Subscription was the largest at $258.41M (46.0%), ahead of Advertising & Marketing Services at $252.99M (45.0%) and Other at $50.94M (9.1%).
Compared with fiscal 2024, every line above 2% of revenue shrank. Other held up best, down 5.3% to $50.94M, and Subscription fell the most, down 8.3% to $258.41M. From fiscal 2022 to 2025, combined revenue from these lines fell from $780.97M to $562.34M, a compound annual decline of 10.4%. Subscription's share of the total rose from 45.3% to 46.0%.
Digital Advertising & Marketing Services Revenue was Lee Enterprises’s largest revenue line in fiscal 2025, bringing in $298.14M of $562.34M (53%).
| Contract With Customer Sales Channel | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Print Advertising Revenue | — | $417.90M | $312.33M | $264.20M | ||
| $541.43M | — | — | — | |||
| Digital Advertising & Marketing Services Revenue | — | $273.24M | $299.05M | $298.14M | ||
| Digital | $239.54M | — | — | — | ||
| Total | $780.97M | $691.14M | $611.38M | $562.34M |
Lee Enterprises brought in $562.34M from its two revenue lines in fiscal 2025, the year ended September 28, 2025. That was down 8.0% from $611.38M in fiscal 2024. Digital Advertising & Marketing Services Revenue was the largest at $298.14M (53.0%), ahead of Print Advertising Revenue at $264.20M (47.0%).
Compared with fiscal 2024, Digital Advertising & Marketing Services Revenue fell 0.3% to $298.14M and Print Advertising Revenue fell 15.4% to $264.20M.
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 ($541.43M in fiscal 2022) and Digital ($239.54M 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 $258.41M (46.0% of the total), followed by Advertising & Marketing Services at $252.99M (45.0%).
Subscription was Lee Enterprises' largest product and service line in fiscal 2025, bringing in $258.41M, or 46.0% of the $562.34M total across its three product and service lines.
Digital Advertising & Marketing Services Revenue was Lee Enterprises' largest revenue line in fiscal 2025, bringing in $298.14M, or 53.0% of the $562.34M 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.