Scripps Earnings Reports

Scripps reported a record $646 million in revenue for Q3 2024, driven by record political advertising revenue. Income attributable to shareholders was $33 million, or 37 cents per share. The company paid down $115 million of debt and expects full-year political advertising revenue to reach at least $340 million.

The E.W. Scripps Company reported a revenue of $574 million for Q2 2024, a slight decrease of 1.6% year-over-year. The loss attributable to shareholders was $13 million, or 15 cents per share. Political advertising revenue was much stronger than expected, driving growth in the first half of the year.

The E.W. Scripps Company reported $561 million in revenue for Q1 2024. The company's loss attributable to shareholders was $12.8 million, or 15 cents per share. The company now anticipates political advertising revenue to reach between $240 million and $270 million for the year.

Scripps reported a Q4 2023 revenue of $616 million. The loss attributable to shareholders was $268 million, or $3.17 per share, which included a non-cash goodwill impairment charge and restructuring costs.

Scripps reported a decrease in revenue to $567 million and a net loss attributable to shareholders of $16.2 million, or 19 cents per share, for Q3 2023. The results reflect a decrease in political revenue compared to the prior-year quarter, which included a midterm election.

Scripps reported a revenue of $583 million and a loss attributable to shareholders of $682 million, which included a non-cash goodwill impairment charge of $686 million. The company is making progress on distribution renewals and seeing growth in automotive spending. Scripps Sports division launched the WNBA on ION, and Scripps News began running live news programs on local television stations.

Scripps reported a decrease in revenue and segment profit compared to the prior-year quarter, with a loss attributable to shareholders of $31.1 million. The company is focusing on growth areas such as news, sports, and entertainment, and expects to realize savings of at least $40 million through reorganization.

The E.W. Scripps Company reported a 9.4% increase in revenue to $681 million and a 21% increase in segment profit to $204 million for Q4 2022, driven by growth in political advertising and distribution-related revenues. The company is reorganizing to leverage its position in the U.S. television ecosystem and propel growth across emerging media marketplaces, expecting at least $40 million in annual savings.

Scripps reported a 10% increase in revenue to $612 million and a 13% increase in segment profit to $145 million for Q3 2022. This growth was fueled by political advertising, retransmission revenues, and Scripps Networks revenue.

The E.W. Scripps Company reported a revenue of $594 million and a segment profit of $132 million for Q2 2022. This growth was driven by higher political advertising and retransmission revenues within the Local Media division. The company is on track to deliver at least $270 million of Local Media political advertising revenue for the full year.

E.W. Scripps Company reported a 4.6% increase in total revenue to $566 million and segment profit of $115 million for Q1 2022, driven by high sales execution and disciplined expense control. The company is on track to deliver free cash flow of $400-$450 million for the full year, supported by projected political advertising revenue of $270 million.

Scripps reported a 14% revenue increase for its Scripps Networks division and an 8% increase for its Local Media division's core advertising in Q4 2021. The company's free cash flow for 2021 reached $280 million, marking the largest non-election year since before the cable networks spin-off in 2008.

In Q3 2021, The E.W. Scripps Company reported a 13% increase in total revenue to $555 million, driven by an 18% year-over-year increase in adjusted combined local core and national networks advertising revenue. Income from continuing operations attributable to the shareholders of Scripps was $45.8 million, or 49 cents per share.

Scripps' Q2 2021 results exceeded expectations, with a 57% increase in total revenue to $565 million. The Local Media and Scripps Networks divisions performed strongly, driven by the rebound of the advertising marketplace. The company raised its full-year free cash flow guidance to $240-$260 million.

The E.W. Scripps Company reported record company revenue in Q1 2021, driven by strong sales execution in Local Media and Scripps Networks divisions. The company completed its acquisition of ION, sold Triton, and announced plans to redeem $400 million in bonds.

Scripps reported Q4 2020 results with total revenue of $591 million, up from $423 million in Q4 2019. Income from continuing operations was $114 million, or $1.35 per share, compared to $12.9 million, or $0.16 per share in the prior-year quarter.

Scripps reported a strong third quarter with significant revenue growth driven by record political advertising and retransmission revenue. The company is on track to exceed its free cash flow guidance for the year.

Scripps reported Q2 2020 results with total revenue of $359 million, a loss from continuing operations of $17.5 million or 22 cents per share. The company sold Stitcher to SiriusXM for $325 million and raised its 2020 election-year expectations to more than $200 million.

Scripps reported a 48% increase in revenue to $431 million, boosted by acquisitions. National Media achieved record revenue and margin expansion. However, the company reported a net loss of $11.8 million, impacted by acquisition costs and the early effects of the COVID-19 pandemic.

The E.W. Scripps Company reported Q4 2019 operating results with total revenue of $444 million, a 21% increase compared to Q4 2018. Income from continuing operations attributable to Scripps was $10.7 million, or 13 cents per share.