Loading...
•
Dec 31, 2019
Scripps Q4 2019 Earnings Report
Scripps met revenue expectations, driven by growth in both Local and National Media divisions, and benefited from recent acquisitions.
Key Takeaways
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.
Scripps has delivered financial results that have met or exceeded expectations for the last nine consecutive quarters.
Scripps completed strategic television station acquisitions that position it as the fourth-largest independent local broadcaster.
Local Media division core advertising revenue, on an adjusted combined basis, rose nearly 5% in the fourth quarter over Q4 2018.
National Media division revenue neared the $400 million threshold for 2019 as it builds to well over $500 million in revenue in 2021.
Scripps
Scripps
Scripps Revenue by Segment
Revenue by Segment
Local Media Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Scripps provided financial guidance for Q1 2020, with comparisons to the same periods of 2019.
Positive Outlook
- Local Media revenue (pro forma) Up low teens
- National Media revenue Between $105-$110 million
Challenges Ahead
- Local Media expense (pro forma) Up low teens
- National Media expense About $100 million
- Shared services and corporate About $19 million
- Interest expense About $25 million
- Pension expense About $3 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income