The E.W. Scripps Company reported $540 million in revenue for the second quarter of 2025, a decrease of 5.8% from the prior-year quarter, missing Wall Street's revenue expectations. The loss attributable to shareholders was $51.7 million, or 59 cents per share, which was significantly below analysts' consensus estimates.
Despite the revenue decline, the Scripps Networks segment demonstrated operational improvement, with segment profit increasing to $55.9 million from $37.7 million in Q2 2024, driven by a 12.4% decrease in expenses. Connected TV revenue grew by 57% in the second quarter, supported by the Scripps Sports strategy.
The Local Media segment's revenue decreased by 8.3% to $335 million, with segment profit falling to $55.8 million from $88.1 million in Q2 2024, impacted by softness in the core advertising marketplace. However, sports programming helped mitigate some of these declines.
The company highlighted recent strategic progress, including a station swap announcement with Gray Media, the renewal of its WNBA agreement, and the completion of another significant refinancing transaction. Scripps priced a new $750 million senior notes offering, which will be used to redeem 2027 notes and pre-pay portions of its 2028 term loan, further improving its debt maturity profile. For Q3 2025, Local Media revenue is projected to be down in the mid-to-high 20% range, and Scripps Networks revenue down in the low single-digit range.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.