Q1 2025 E W Scripps Co Earnings Call Transcript

May 9, 2025 / 01:30 PM GMT

Release Date Price: €2.26 (+6.60%)

Transcript 10-Q8-K

Key Points

Positve

The E W Scripps Co (SSP) outperformed financial expectations in Q1 2025 despite economic headwinds.
Successfully completed re-transmission negotiations covering 25% of legacy pay TV households.
Connected TV revenue increased by a strong 42% in the quarter.
Scripps Networks division achieved a significant 16% decrease in expenses, leading to the highest margins since Q4 2022 at 32%.
Completed refinancing transactions, extending debt maturity and positioning the company well for the near term.

Negative

Local media division revenue was down 7.8% from the previous year.
Core advertising revenue decreased by 3% due to economic uncertainty.
Local distribution revenue declined by 5% year over year.
EPS for the quarter was a $0.22 loss, impacted by preferred stock dividends and restructuring charges.
Net leverage at the end of Q1 was 4.9 times, indicating a high level of debt.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SSP.OQ - E W Scripps Co
Q1 2025 E W Scripps Co Earnings Call
May 09, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the first quarter 2025 EW Scripps Company earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. I ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised to withdraw your question, please press 11 again.

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Carolyn Michelle, head of investor relations. Please go ahead.

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