Quarterly ResultMay 8, 2026, 08:12 AM
E.W. Scripps Q1 Revenue $517M; Net Loss $18M
AI Summary
E.W. Scripps Company reported Q1 2026 revenue of $517 million, a 1.4% decrease year-over-year, with a net loss attributable to shareholders of $18 million, or $0.20 per share. Despite the loss, the company highlighted progress on its transformation plan targeting $125-$150 million annualized EBITDA growth by 2028, along with a reduction in its leverage ratio to 3.9x. Strategic initiatives included the launch of Scripps Sports Network, new NHL and PBR partnerships, and the closing of two station sales for $123 million.
Key Highlights
- Q1 2026 revenue was $517 million, a 1.4% decrease from the prior year.
- Net loss attributable to shareholders was $18 million, or $0.20 per share.
- Net leverage stood at 3.9x at the end of Q1 2026.
- Local Media core advertising revenue increased 7% on an adjusted combined basis.
- The company closed sales of WFTX and WRTV stations for $123 million.
- E.W. Scripps launched Scripps Sports Network (SSN), a free ad-supported streaming channel.
- An agreement was made to extend $200 million of revolving credit facility commitments to July 7, 2029.
- Q2 2026 guidance projects Local Media revenue up low single-digit and Scripps Networks revenue down about 10%.
Price Impact
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