earnings
confidence high
sentiment positive
materiality 0.75
Scripps Q4 revenue $728M (+18% YoY); record political ad; debt refinancing; leverage down to 4.8x
E.W. SCRIPPS Co
- Q4 revenue $728M (+18% YoY); net income $80.3M ($0.92 per share) vs. prior-year loss of $268M.
- Political ad revenue hit record $174M (vs. $16.4M a year ago); core ad revenue fell 11% due to displacement.
- Executed transaction support agreement with majority of 2026/2028 term loan holders to extend maturities; new A/R securitization facility and revolver extension through July 2027.
- Net leverage improved to 4.8x from 5.7x year-end 2023; repaid $330M revolver balance during 2024.
- Q1 2025 guidance: Local Media revenue down high single-digit %; Networks revenue down mid-single-digit %.