Broadcast media firm E.W. Scripps Q3 revenue down

E W Scripps

06/11/2025 22:28

Overview

E.W. Scripps Q3 revenue fell 19% yr/yr, impacted by lower political ad revenue

Net loss attributable to shareholders was $49 mln, impacted by restructuring and financing costs

Connected TV revenue grew 41%, offsetting economic uncertainty in Scripps Networks

Outlook

Company expects Q4 Local Media revenue to decline about 30%

Scripps Networks Q4 revenue and expenses to decrease in low double-digit range

Full-year cash interest expense projected between $165 mln and $175 mln

Result Drivers

CORE ADVERTISING - Local Media division's core advertising revenue rose 2% due to strong sales execution and sports strategy

CONNECTED TV REVENUE - Scripps Networks division grew connected TV revenue by 41%, offsetting economic uncertainty

EXPENSE DISCIPLINE - Co reduced expenses by more than 4% in Local Media and 7.5% in Scripps Networks, improving margins

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Operating Revenue
$525.85 mln
Q3 Net Income
-$32.96 mln
Q3 Operating Expenses
-$488.23 mln
Q3 Operating Income
$37.62 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the broadcasting peer group is "buy."

Wall Street's median 12-month price target for E W Scripps Co is $5.50, about 61.6% above its November 5 closing price of $2.11

Press Release: ID:nGNX3CcKqD

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)