E. W. Scripps Company Class A ( (SSP) ) has released its Q2 earnings. Here is a breakdown of the information E. W. Scripps Company Class A presented to its investors.
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The E.W. Scripps Company is a diversified media company operating in the broadcasting sector, known for its extensive portfolio of local TV stations and national networks such as ION and Court TV. In the second quarter of 2025, Scripps reported $540 million in revenue, with a loss of $51.7 million attributable to shareholders. Key highlights include a station swap with Gray Media, a renewed broadcast agreement with the WNBA, and refinancing of its 2027 bonds.
Scripps’ financial performance showed a decrease in revenue by 5.8% compared to the previous year, with the Local Media segment experiencing an 8.3% drop in revenue. However, the Scripps Networks division saw a significant improvement in profit margins, aided by increased viewership of women’s sports. The company also successfully placed $750 million in new notes to refinance existing debt, reducing its net leverage ratio to 4.4x.
The company’s strategic initiatives, such as the station swap with Gray Media, are aimed at enhancing local news coverage and market financials. Additionally, the renewed WNBA partnership reflects Scripps’ focus on capitalizing on the growing popularity of women’s sports. Despite economic uncertainties, Scripps’ sports programming has helped mitigate declines in core advertising revenue.
Looking ahead, Scripps plans to continue strengthening its financial position by reducing debt and leveraging its sports strategy to drive revenue. The company remains focused on expanding its local sports and news strategies, with expectations of closing the station swap transaction by the end of the year.