Loading...
•
Dec 31, 2020
Scripps Q4 2020 Earnings Report
Reported operating results for the fourth quarter of 2020.
Key Takeaways
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.
Completed the acquisition of the ION national television network and combined it with the five Katz networks and Newsy to create the Scripps Networks division.
National Media completed its last quarter as a division with record fourth-quarter revenue of $117 million, up 28%.
Local Media revenue was up 43% in the fourth quarter and up 22% (adjusted combined) for 2020.
Scripps captured $265 million of political advertising (adjusted combined) during the presidential election year, which was record revenue on a same-station basis, and increased retransmission revenue by 31% (adjusted combined).
Revenue by Segment
Forward Guidance
Scripps has suspended issuing new guidance because of the economic uncertainty caused by the COVID-19 pandemic. However, in an effort to provide insights that reflect the current state of affairs and the company’s financial outlook, its 10-K and its earnings call remarks include details about where the company stands operationally and financially.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...