Quarterly ResultNov 6, 2026, 07:11 AM
E.W. Scripps Q3 Revenue $545M; Net Income $20.7M; Political Ads Surge 44%
AI Summary
E.W. Scripps announced its third-quarter 2026 financial results, reporting a revenue increase of 3.6% to $545 million and a net income of $20.7 million, or $0.21 per share, a significant improvement from the prior year's loss. The Local Media division saw a substantial boost from political advertising, contributing to a 14.5% revenue increase. The Scripps Networks division experienced a revenue decline. The company is progressing with its transformation plan, including workforce reductions and expense savings, and plans to use strong political advertising revenue to pay down debt.
Key Highlights
- E.W. Scripps reported Q3 2026 revenue of $545 million, up 3.6% year-over-year.
- Income attributable to shareholders was $20.7 million, or $0.21 per share, compared to a loss of $49 million in the prior year.
- Local Media segment revenue increased 14.5% to $373 million, driven by $80.6 million in political advertising revenue.
- Scripps Networks segment revenue decreased 13.9% to $173 million.
- The company generated $284 million in full-year Local Media division political advertising revenue, 44% above the 2022 midterm election cycle.
- Scripps plans to pay down at least $150 million of debt in Q4 using cash on hand and Q4 political advertising revenue.
- The company reduced its workforce by about 20% in 2026 as part of a transformation plan.
Price Impact
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