Scripps(SSP) - 2025 Q2 - Quarterly Results

Revenue Projections - Estimated total operating revenues for the three months ended June 30, 2025, are projected to be between $538.5 million and $541.7 million, compared to $573.6 million in the same period of 2024, indicating a decrease of approximately 5.6% to 6.1%[2] - Estimated core advertising revenues for the three months ended June 30, 2025, are projected to range from $331.4 million to $333.4 million, compared to $336.5 million in the same period of 2024, indicating a slight decline[2] Profit and Loss - Estimated net loss for the three months ended June 30, 2025, is projected to be between $38.4 million and $33.6 million, a significant decline from a net income of $1.4 million in the same period of 2024[5] - Local Media segment profit for the three months ended June 30, 2025, is estimated to be between $54.8 million and $56.8 million, down from $88.1 million in the same period of 2024, representing a decrease of approximately 38.0% to 37.0%[6] - Scripps Networks segment profit for the three months ended June 30, 2025, is estimated to be between $55.0 million and $57.0 million, compared to $37.7 million in the same period of 2024, indicating an increase of approximately 46.5% to 51.5%[6] Cash Flow and Debt - Unlevered Free Cash Flow for the three months ended June 30, 2025, is estimated to be between $74.9 million and $78.6 million, compared to $76.4 million in the same period of 2024, indicating a slight decline[5] - Cash and cash equivalents as of June 30, 2025, are estimated to be $31.66 million, an increase from $26.65 million as of June 30, 2024[7] - Long-term debt as of June 30, 2025, is estimated to be $2.62 billion, a decrease from $2.87 billion as of June 30, 2024, reflecting a reduction of approximately 9.0%[7] Expenses - Adjusted EBITDA for the three months ended June 30, 2025, is estimated to range from $87.3 million to $90.5 million, down from $99.96 million in the same period of 2024, reflecting a decrease of approximately 12.8% to 13.0%[5] - Estimated expenses for the Scripps Networks segment decreased by 12% compared to the three months ended June 30, 2024, contributing to an improved profit margin exceeding 27%[6]