CINCINNATI, Nov. 11, 2025 (GLOBE NEWSWIRE) -- Executives from The E.W. Scripps Company (NASDAQ: SSP) will discuss the company’s business strategies at three investor conferences in November and December. Wells Fargo TMT SummitDate: Tuesday, Nov. 18Fireside chat: 3 p.m. PT / 6 p.m. ETCompany executives: Jason Combs, CFO, and Carolyn Micheli, EVP, investor relations Bank of America Securities Leveraged Finance ConferenceDate: Tuesday, Dec. 2Presentation: 8:50 a.m. ETCompany executives: Jason Combs, CFO, and B ...

Media, broadcasting, and digital services company E.W. Scripps (NASDAQ:SSP) met Wall Streets revenue expectations in Q3 CY2025, but sales fell by 18.6% year on year to $525.9 million. Its GAAP loss of $0.55 per share was 72.1% below analysts’ consensus estimates. Is now the time to buy SSP? Find out in our full research report (it’s free for active Edge members). E.W. Scripps (SSP) Q3 CY2025 Highlights: Revenue: $525.9 million vs analyst estimates of $523.9 million (18.6% year-on-year decline, in line) ...

Financial Performance - Total operating revenues for Q3 2025 were $525.9 million, a decrease of 18.6% compared to $646.3 million in Q3 2024[23] - Advertising revenue decreased to $329.0 million in Q3 2025, down 26.5% from $447.3 million in Q3 2024[23] - Net loss attributable to shareholders for Q3 2025 was $49.0 million, compared to a net income of $33.0 million in Q3 2024[23] - Operating income for the nine months ended September 30, 2025, was $141.7 million, a decline of 35.8% from $220.9 million in the same period of 2024[23] - For the nine months ended September 30, 2025, the net income was a loss of $72,376,000 compared to a net income of $50,831,000 for the same period in 2024, representing a significant decline[27] - Comprehensive loss for the nine months ended September 30, 2025, was $72,268,000, compared to a comprehensive income of $50,933,000 for the same period in 2024[30] - Net income (loss) for the three months ended September 30, 2025, was $(32,959) thousand, compared to $47,776 thousand in 2024, indicating a substantial decline in profitability[58] - Total consolidated operating revenues for the three months ended September 30, 2025, were $525,854,000, a decrease from $646,300,000 in the same period of 2024, representing a decline of approximately 18.6%[116][119] Assets and Liabilities - Total assets as of September 30, 2025, were $5.09 billion, down from $5.20 billion as of December 31, 2024[22] - Current liabilities decreased to $437.4 million as of September 30, 2025, from $482.4 million at the end of 2024[22] - Cash and cash equivalents increased to $54.7 million as of September 30, 2025, compared to $23.9 million at the end of 2024[22] - Total outstanding principal of long-term debt as of September 30, 2025, was $2.701 billion, an increase from $2.605 billion as of December 31, 2024[82] - As of September 30, 2025, total other liabilities amounted to $380.75 million, a decrease from $464.57 million as of December 31, 2024[104] Cash Flow - Cash flows from operating activities provided $7,969,000 in 2025, a decrease of 96.25% from $212,389,000 in 2024[27] - The company reported a net cash increase of $30,813,000 in cash and cash equivalents by the end of the period, compared to a decrease of $677,000 in the previous year[27] - Cash provided by investing activities was $1.5 million in 2025, reflecting $40.0 million from the sale of a television station building and $32.7 million in capital expenditures[191] - Cash provided by financing activities was $21.3 million in 2025, with $1.6 billion in proceeds from new long-term debt issuance and $1.9 billion in long-term debt payments[192] Restructuring and Costs - The company reported a restructuring cost of $2.7 million in Q3 2025, down from $12.7 million in Q3 2024[23] - Year-to-date restructuring costs totaled $7.5 million in 2025, down from $18.7 million in 2024, highlighting a reduction in restructuring activities[67] - Restructuring costs for the third quarter of 2025 were $2.7 million, significantly lower than $12.7 million in the same quarter of 2024, reflecting ongoing efficiency efforts[67] - Employee compensation and benefits for the three months ended September 30, 2025, totaled $105,115,000, down from $111,767,000 in the same period of 2024, a decrease of about 5.9%[116][119] Debt and Financing - The company issued $750 million of senior secured second lien notes on August 6, 2025, with an interest rate of 9.875% and maturing on August 15, 2030[94] - The company has a debt repurchase authorization allowing for a reduction of up to $500 million in outstanding principal balance, expiring on March 1, 2026[102] - The company incurred approximately $13.8 million of deferred financing costs related to the issuance of the 2029 Senior Notes, amortized over the life of the notes[93] - The company entered into a new three-year accounts receivable securitization facility with commitments of up to $450 million, with maximum availability of $360 million as of September 30, 2025[195] Segment Performance - Revenues from external customers for Local Media segment in the three months ended September 30, 2025, were $320,636,000, compared to $440,785,000 in the same period of 2024, reflecting a decline of approximately 27.2%[116][119] - Local Media segment operating revenues decreased by $120 million or 27% in Q3 2025 compared to Q3 2024, and by $178 million or 15% in the first nine months of 2025 compared to the same period in 2024[176] - Total revenues from external customers for the nine months ended September 30, 2025, were $1,576,142,000, compared to $1,768,691,000 in the same period of 2024, representing a decline of approximately 10.9%[123][126] - Scripps Networks segment profit increased by 26.7% to $53.3 million in Q3 2025 and by 33.9% to $173.3 million in the first nine months of 2025 compared to the same periods in 2024[182] Tax and Regulatory Matters - The effective income tax rate for the nine months ended September 30, 2025, was 8.1%, a significant decrease from 34% in 2024, influenced by various tax adjustments[72] - The company has not reported any material changes to risk factors since the last annual report[13] - The company is in compliance with its financial covenants, including a maximum first lien net leverage ratio of 3.50 to 1.0 through September 30, 2026[197]

Financial Data and Key Metrics Changes - The company reported a third consecutive quarter of results that met or exceeded expectations, driven by the Scripps Sports strategy and strong sales execution [4] - Local media division revenue decreased by 27% due to the absence of political advertising revenue compared to the prior year, while core advertising revenue increased by nearly 2% [6] - The company reported a loss of $0.55 per share, which included various costs that increased the loss by a total of $0.15 per share [10] - Net leverage improved to 4.6 times at the end of Q3, down from 6 times in Q2 of the previous year [12] Business Line Data and Key Metrics Changes - Local media segment profit was nearly $53 million compared to $161 million in Q3 of the previous year [6] - Scripps Networks revenue was approximately flat at $201 million year-over-year, with connected TV revenue up 41% [7][8] - Scripps Networks' segment profit was $53 million, with a segment margin of 27% [9] Market Data and Key Metrics Changes - The company expects local media division revenue to decline by about 30% in Q4, while core revenue is anticipated to increase by about 10% [6] - Scripps Networks' revenue is expected to decrease in the low double-digit range for Q4 due to various factors, including a lack of political revenue and lower upfront advertising [9] Company Strategy and Development Direction - The company is focused on optimizing its portfolio through station swaps and sales, with recent transactions yielding strong valuations [4][22] - The Scripps Sports strategy has been a significant driver of revenue growth, particularly in women's sports and partnerships with various leagues [14][16] - The company is pursuing aggressive distribution on streaming services, projecting connected TV revenue to exceed $120 million in 2025 [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategies, highlighting strong performance in sports and connected TV revenue streams [13] - The upcoming midterm elections are expected to yield record spending across the advertising ecosystem, positioning the company well for future growth [22] - Management acknowledged challenges in the advertising environment but remains optimistic about the potential for recovery as economic uncertainties are resolved [72] Other Important Information - The company has been actively managing expenses, resulting in improved margins and a focus on fiscal discipline [20] - The Scripps Transformation Office is leveraging technology and AI to enhance operational efficiency and drive growth [20] Q&A Session Summary Question: What is the outlook for further asset sales? - Management indicated there are still significant opportunities for optimizing the portfolio through buying, selling, and swapping stations [26] Question: Can you elaborate on the impact of the government shutdown on revenue? - Management noted that the government shutdown has affected demand and buying from networks, particularly in the Medicare Advantage space [68] Question: How is the advertising environment compared to six months ago? - Management observed some strength in local advertising but noted challenges in the national ad marketplace, particularly in direct response pricing and pharmaceuticals [55][72] Question: What is the company's strategy regarding AI and cost efficiency? - Management expects to provide more information on the impact of technology and AI on operational efficiency in the upcoming year [78]

Exhibit 99.1 Scripps reports Q3 2025 financial results Nov. 6, 2025 CINCINNATI – The E.W. Scripps Company (NASDAQ: SSP) delivered $526 million in revenue for the third quarter of 2025. Loss attributable to the shareholders of Scripps was $49 million or 55 cents per share. Business notes: From Scripps President and CEO Adam Symson: "We are pleased today to report a third consecutive quarter of meeting or exceeding Wall Street expectations on nearly every reporting line. In addition, we completed a significan ...

Local Media division core advertising revenue was up 2% in the third quarter, driven by the services category and overall growth in national advertising due to strong sales execution and Scripps’ sports strategy. During the fourth quarter, the company expects strong core revenue growth, buoyed by its new agreement with the National Hockey League’s Tampa Bay Lightning, continued growth across live sports markets and the comparison to last year’s political advertising displacement of core advertising. The Scr ...

Core Insights - The E.W. Scripps Company reported $526 million in revenue for Q3 2025, a decrease of 19% or $120 million from the previous year [6][24] - The company experienced a loss attributable to shareholders of $49 million, equating to 55 cents per share, compared to a profit of $33 million or 37 cents per share in the prior-year quarter [7][24] - Scripps has successfully reduced its leverage ratio to 4.6x by the end of Q3 2025, down from 4.9x at the start of the year [3][12] Financial Performance - Local Media segment revenue was $325 million, down 27% from the prior-year quarter, with segment profit dropping to $52.8 million from $161 million [8][9] - Scripps Networks segment revenue was $201 million, a slight decrease of 0.4%, but segment profit increased to $53.3 million from $42.1 million [10][34] - Total costs and expenses for the company decreased to $449 million from $472 million in the year-ago quarter [6][24] Strategic Initiatives - The company has focused on expense discipline, achieving a reduction of over 4% in Local Media and 7.5% in Scripps Networks [4][5] - Scripps announced the sale of two stations for $123 million, which is above industry average valuations, contributing to a healthier balance sheet [3][5] - The company is leveraging sports partnerships and programming to drive growth, with core advertising revenue in Local Media up 2% in Q3 [5][14] Future Outlook - For Q4 2025, Local Media revenue is expected to decline by about 30%, while Scripps Networks revenue is projected to decrease in the low double-digit percentage range [18] - The company anticipates strong core revenue growth in Q4, supported by new agreements and continued growth in live sports markets [5][18] - Scripps is committed to optimizing its portfolio and embracing technology to enhance operational efficiencies [6][3]

What Happened? Shares of media, broadcasting, and digital services company E.W. Scripps (NASDAQ:SSP) jumped 5.7% in the morning session after its Scripps Sports division formed an exclusive broadcast partnership with Major League Volleyball (MLV) to bring the league's 2026 championship to its ION network. The deal included live broadcasts of MLV's two semifinal matches and the championship match in May 2026. This partnership added another league to Scripps Sports' growing portfolio of women's sports, whic ...

Core Points - Scripps Sports has established an exclusive broadcast partnership with Major League Volleyball (MLV) to air the league's championship on ION, reaching every U.S. TV household [1][3] - The MLV championship will be broadcast live on May 7 and May 9, 2026, with the host city yet to be announced [2] - The partnership aligns with Scripps Sports' strategy to promote women's sports, complementing existing partnerships with the WNBA and NWSL [3][5] Company Overview - Scripps Sports serves various professional and college sports leagues, emphasizing local market depth and national broadcast reach [5][6] - ION is a leading general entertainment and sports network, part of The E.W. Scripps Company, which operates over 60 stations across more than 40 markets [6] Industry Context - MLV is entering its third season and aims to elevate professional women's volleyball in the U.S. through a united league structure, beginning play in January 2026 [4][7] - The league will feature eight teams initially, expanding to ten by 2027, indicating growth potential in the women's sports sector [4][7]

Core Insights - Perimeter Solutions, S.A. (NYSE:PRM) specializes in fire safety and oil additives, operating in a competitive landscape with peers like Montrose Environmental Group, Inc. (MEG) and The E.W. Scripps Company (SSP) [1] - The analysis of Return on Invested Capital (ROIC) and Weighted Average Cost of Capital (WACC) is crucial for understanding the efficiency of these companies in generating returns [1] Financial Performance - Perimeter Solutions has a ROIC of 3.78% and a WACC of 11.30%, resulting in a ROIC to WACC ratio of 0.33, indicating inefficiency in generating returns [2][5] - Montrose Environmental Group has a negative ROIC of -2.82% and a WACC of 10.47%, leading to a ROIC to WACC ratio of -0.27, which is less efficient than Perimeter Solutions [2] - The E.W. Scripps Company stands out with a ROIC of 5.78% and a WACC of 6.50%, resulting in a ROIC to WACC ratio of 0.89, indicating the highest efficiency among peers [3][5] - Scholastic Corporation has a ROIC of 1.74% and a WACC of 7.77%, with a ROIC to WACC ratio of 0.22, which is lower than that of Perimeter Solutions [3] - Lee Enterprises, Incorporated, and Unifi, Inc. both exhibit negative ROICs of -2.95% and -11.80%, respectively, with WACCs of 4.50% and 6.78%, resulting in ROIC to WACC ratios of -0.66 and -1.74, indicating significant inefficiencies [4][5]