Quarterly ResultMay 8, 2026, 12:57 PM
E.W. Scripps Q1 Net Loss Narrows to $18.0M; Revenue Down 1.4%
AI Summary
E.W. Scripps reported a net loss attributable to shareholders of $18.0 million, or $0.20 per basic share, for Q1 2026, a narrower loss compared to $18.8 million in Q1 2025. Total operating revenues decreased by 1.4% to $516.9 million. The company recorded a significant pre-tax gain of $30.0 million from the sale of WFTX, WRTV, and Court TV. Additionally, E.W. Scripps announced an enterprise-wide transformation plan and exercised options to acquire 23 INYO television stations for approximately $54 million.
Key Highlights
- Net loss attributable to shareholders narrowed to $18.0 million, or $0.20 per share, from $18.8 million.
- Total operating revenues decreased 1.4% to $516.9 million from $524.4 million year-over-year.
- Advertising revenue fell 3.1% to $315.7 million; Distribution revenue rose 1.8% to $192.4 million.
- Operating income decreased 9.9% to $24.8 million from $27.5 million.
- Recognized $30.0 million pre-tax gain from the sale of WFTX, WRTV, and Court TV.
- Exercised options to acquire 23 INYO television stations for approximately $54 million.
- Announced an enterprise-wide transformation plan to improve operating performance.
- Net cash provided by investing activities significantly increased to $119.2 million.