Quarterly ResultMay 7, 2026, 04:17 PM
E.W. Scripps Q1 Revenue $517M; Loss $18M; Targets $125M-$150M EBITDA Growth
AI Summary
E.W. Scripps reported Q1 2026 revenue of $517 million and a loss attributable to shareholders of $18 million, or $0.20 per share. The company is implementing a transformation plan aimed at achieving $125-$150 million in annualized enterprise EBITDA growth by 2028. Strategic initiatives include the sale of two stations for $123 million, the acquisition of WTVQ for $15.8 million, new NHL partnerships, and the launch of Scripps Sports Network, alongside efforts to reduce net leverage to 3.9x and extend its revolving credit facility.
Key Highlights
- Q1 2026 revenue was $517 million, a 1.4% decrease from the prior year.
- Loss attributable to shareholders was $18 million, or $0.20 per share.
- Transformation plan targets $125-$150 million annualized enterprise EBITDA growth by 2028.
- Net leverage reduced to 3.9x at the end of the first quarter.
- Local Media core advertising revenue increased 7% on an adjusted combined basis.
- Gross proceeds from the sales of WFTX and WRTV stations totaled $123 million.
- Extended $200 million of revolving credit facility commitments to July 7, 2029.
- Scripps Networks revenue decreased 9.5% on an adjusted combined basis.