Scripps reports Q3 net loss of $16.2M; revenue falls 7.4% to $567M

E.W. SCRIPPS Co

2023-Q3 EPS reported -$8.67 revenue$1,677,143,000

Revenue $567M (-7.4% YoY); net loss $16.2M ($0.19 EPS) vs net income $33.7M ($0.38 EPS) in Q3 2022.
Local Media distribution revenue +20% to $198M; core ad -3.1% to $142M; political revenue $9.1M vs $63.2M.
Scripps Networks revenue -8.5% to $215M; segment profit $49.7M vs $72M YoY.
Connected TV revenue (excl. programmatic) up 75% YoY, on track for ~$100M in 2023.
Q4 guidance: Local Media revenue down low-to-mid double digits; Networks revenue down ~10%.

item 2.02 item 9.01 item 99.1

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

E.W. SCRIPPS Co reported quarter ended September 30, 2023 results: revenue $567 million, net income Loss attributable to the shareholders of Scripps was $16.2 million or 19 cents per share, EPS 19 cents per share.

Period: quarter ended September 30, 2023
Revenue: $567 million
Net income: Loss attributable to the shareholders of Scripps was $16.2 million or 19 cents per share
EPS: 19 cents per share
Result: reported results

Exact text from the filing

Scripps reports Q3 2023 financial results Nov. 3, 2023 CINCINNATI – The E.W. Scripps Company (NASDAQ: SSP) delivered $567 million in revenue and $97.5 million in segment profit for the third quarter of 2023. Loss attributable to the shareholders of Scripps was $16.2 million or 19 cents per share.

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Source: SEC EDGAR

accession 0000832428-23-000031

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