The E W Scripps Co (NAS:SSP)
$ 1.79 0.01 (0.56%) Market Cap: 154.15 Mil Enterprise Value: 3.53 Bil PE Ratio: 0 PB Ratio: 0.20 GF Score: 54/100
Back to the Transcripts List

Q2 2024 E W Scripps Co Earnings Call Transcript

Aug 09, 2024 / 01:30PM GMT
Release Date Price: $2.37 (-19.93%)

Key Points

Positve
  • Political advertising revenue reached record levels, up 40% over the same period in 2020.
  • Local Media division revenue increased by nearly 4% year-over-year, driven by strong political advertising.
  • Virtual pay TV subscriber count rose by low double digits from the previous year.
  • Local Media segment profit increased by 9% from Q2 2023.
  • Scripps Networks' connected TV revenue grew by 11% in the second quarter.
Negative
  • Second quarter local core advertising revenue declined by about 7% year-over-year.
  • Scripps Networks division revenue fell by 9.7% from the previous year.
  • The company faced challenges from Amazon and Netflix unloading discounted inventory into the advertising marketplace.
  • Net debt at the end of the quarter was $2.9 billion.
  • The loss attributable to shareholders was $13 million, or $0.15 per share.
Operator

Good day, everyone, and thank you for standing by for the Scripps Q2 earnings call. (Operator Instructions) As a reminder, today's call is being recorded.

I will now turn the call over to your host, Carolyn Micheli. Please go ahead.

Carolyn Micheli
E W Scripps Co - Senior Vice President - Investor Relations

Thanks, Kevin. Good morning, everyone. Thanks for joining us for a discussion of the E.W. Scripps Company's financial results and business strategies. You can visit scripps.com for more information and a link to the replay of this call.

A reminder that our conference call and webcast include forward looking statements based on management's current outlook and actual results may differ materially. Factors that may cause them to differ are outlined in our SEC filings. We do not intend to update any forward-looking statements we make today.

Included on this call will be a discussion of certain non-GAAP financial measures that are provided as supplements to assist management and the public in their analysis and valuation of the

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.