SSPNasdaqTelevision Broadcasting StationsUS GAAP · USD

E.W. SCRIPPS Co

E.W. Scripps Company is a U.S. media business built around local television stations, national news, and entertainment networks. It sells audience reach and local market access to advertisers, while also monetizing distribution across broadcast, digital, streaming, and over-the-air platforms. The company also owns Tablo, a device for watching and recording free TV, and has begun expanding into ATSC 3.0-based data delivery through a broadcast joint venture.

Kysy yhtiöstä
Liikevaihto2 151milj. USD
−14,3 %v/v
Liikevoitto (EBIT)184milj. USD
−55,4 %v/v
EBIT-marginaali8,6%
−7,9 %-yks.v/v
Nettotulos−101milj. USD
−169,0 %v/v
Vapaa kassavirta6,5milj. USD
−97,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1 00001 0002 0003 000milj. USD2020: 1 857 milj. USD2020: EBIT 303 milj. USD20202021: 2 284 milj. USD2021: EBIT 401 milj. USD20212022: 2 453 milj. USD2022: EBIT 428 milj. USD20222023: 2 293 milj. USD2023: EBIT −753 milj. USD20232024: 2 510 milj. USD2024: EBIT 412 milj. USD20242025: 2 151 milj. USD2025: EBIT 184 milj. USD20252 151184
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Local Media55 %

Free over-the-air local news, sports, weather, and entertainment from more than 60 stations in 40+ markets.

National Networks35 %

National news and entertainment channels distributed via broadcast, streaming, FAST, and digital platforms.

Consumer Devices5 %

Tablo devices that let households watch and record free broadcast and streaming channels.

Other / Strategic Initiatives5 %

Spelling Bee sponsorship and early-stage spectrum/data delivery initiatives such as EdgeBeam.

Tuotteet

Raportoitu · osuus liikevaihdosta
62,0%35,3%FY2025100 %
  • Core Advertising Revenue62,0 %
  • Distribution Revenue35,3 %
  • Other Revenue1,7 %
  • Political Advertising Revenue1,0 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Scripps primarily serves advertisers that want local market reach, national reach, or both, using its station group and network brands to deliver audiences across broadcast and streaming. It also serves viewers who consume free news, sports, and entertainment, especially households that rely on over-the-air television or FAST channels. Tablo is sold to consumers seeking subscription-free access to live and recorded TV, while the EdgeBeam venture is aimed at future enterprise and device data-delivery use cases.

Local advertising clients

Businesses and agencies buying inventory on local stations to reach households in specific markets and dayparts.

National advertisers

Brands buying scale across ION, Bounce, Grit, Laff, and news distribution to reach large U.S. audiences.

Viewers and households

Consumers who watch free local news, sports, and entertainment over the air or via streaming/FAST.

Tablo consumers

Households that want subscription-free live TV and DVR functionality for free broadcast channels.

Future data-delivery customers

Potential users of EdgeBeam's broadcast-based data delivery services as ATSC 3.0 develops.

Strategia

Scripps is trying to extend its broadcast assets across more platforms, especially streaming, FAST channels, and digital distribution, so it can keep monetizing audiences as viewing habits shift. Management is also focused on cost savings, technology, AI, and automation to improve operating performance, while using station swaps and selective transactions to optimize its portfolio. The EdgeBeam joint venture shows a longer-term effort to monetize broadcast spectrum in new ways beyond traditional advertising.

Grow digital and streaming distributionLyhyt aikaväli

Offsets pressure in traditional TV viewing and broadens monetization of existing content.

Improve operating efficiency through transformationKeskipitkä aikaväli

Cost savings and automation are intended to lift EBITDA and support margins in a challenged media market.

Reposition the station portfolioKeskipitkä aikaväli

Portfolio optimization can improve market quality, regulatory fit, and capital allocation.

Create new spectrum-based revenue opportunitiesPitkä aikaväli

ATSC 3.0 could monetize broadcast infrastructure beyond advertising.

Maantiede

Scripps is overwhelmingly a U.S.-focused business, with more than 60 local stations in more than 40 markets and national networks reaching nearly every American. Its exposure is tied to U.S. television households, FCC ownership rules, and local market economics rather than international operations. The company also has a national audience reach of about 38% of U.S. television households after the UHF discount, which matters for station ownership and transaction planning.

Riskit

Scripps faces structural risks from audience fragmentation, advertising cyclicality, and regulatory limits on station ownership and transactions. The company also highlights cybersecurity, AI-related misuse, and FCC compliance as material risks because its business depends on content distribution, data handling, and licensed broadcast operations. High leverage and preferred-share restrictions add financial flexibility risk if operating performance weakens.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Advertising cyclicality1Cybersecurity incidents2Leverage and capital structure constraints3FCC ownership and transaction restrictions4AI governance and reliability5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Advertising cyclicalityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Revenue depends heavily on advertiser demand, which weakens in downturns and can vary by quarter.

    Kohdistuu: Local and national TV ad inventory

  2. Cybersecurity incidentsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company stores and transmits sensitive information and depends on uninterrupted distribution systems.

    KohdistuuBroadcastDigitalVendor/client systems
  3. Leverage and capital structure constraintsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Substantial debt and preferred shares can constrain investment and refinancing flexibility.

    KohdistuuInterest expenseCovenant headroomCapital allocation
  4. FCC ownership and transaction restrictionsVaikutus: KorkeaTodennäköisyys: Matala

    Broadcast station acquisitions and swaps require regulatory approval and may force divestitures.

    Kohdistuu: Station portfolio strategy and M&A

  5. AI governance and reliabilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    AI can create ethical, legal, privacy, and accuracy issues if deployed poorly.

    Kohdistuu: Content workflows and internal operations

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition for advertising and distribution

Revenue depends on when ads air and when contractual performance obligations are satisfied.

Vaikutus: Can shift revenue between quarters and affect comparability.

Seasonality and quarterly volatility

Political, sports, and local advertising demand can vary materially by period.

Vaikutus: Makes quarterly margins and revenue trends less linear.

Goodwill and intangible asset impairment

Broadcast assets and acquired station groups must be tested if market conditions weaken.

Vaikutus: Potential non-cash charges if station economics deteriorate.

Debt and preferred shares

Large borrowings and preferred equity affect interest expense, liquidity, and equity attribution.

Vaikutus: Impacts leverage metrics and earnings available to common shareholders.

Restructuring and transformation costs

The enterprise-wide transformation plan may generate severance, consulting, and technology costs.

Vaikutus: Can create one-time charges before savings are realized.

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Tegna Inc

Television Broadcasting Stations

Ribbon Communications Inc.

RBBN · Services-Computer Integrated Systems Design

Optimum Communications, Inc.

OPTU · Cable & Other Pay Television Services

Starz Entertainment Corp

STRZ · Services-Motion Picture & Video Tape Production

Tucows Inc

TCX · Services-Computer Processing & Data Preparation

Spire Global, Inc.

SPIR · Communications Services, NEC

Päivitetty: 24.9.2026

E.W. SCRIPPS Co (SSP) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo