E.W. Scripps Q1 revenue falls

E W Scripps Co

07/05/2026 21:27

Overview

U.S. media broadcaster's Q1 revenue declined 1.4% yr/yr to $517 mln

Net loss attributable to shareholders was $18 mln, or $0.20 per share

Company closed sales of two TV stations, generating $123 mln in proceeds

Outlook

Company expects Q2 Local Media revenue up low single-digit percent

Company sees Q2 Scripps Networks revenue down about 10%

Company targets annualized enterprise EBITDA growth of $125-$150 mln by 2028

Result Drivers

LOCAL MEDIA ADVERTISING - Core advertising and political advertising revenue in Local Media increased, driven by new NHL team agreements and major events such as the Winter Olympics and Super Bowl

NETWORKS REVENUE DECLINE - Scripps Networks revenue fell 9.5% yr/yr on an adjusted combined basis; company did not specify detailed reasons for the decline

COST INITIATIVES - Company said it is executing more than 1,000 cost savings and revenue growth initiatives as part of its transformation plan

Company press release: ID:nGNX4WwGbj

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Revenue
$516.87 mln
Q1 Net Income
-$1.79 mln
Q1 Operating Expenses
-$492.10 mln
Q1 Operating Income
$24.77 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 $6.11, about 23.9% above its May 6 closing price of $4.93

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)