Q3 2025 E W Scripps Co Earnings Call Transcript
Key Points
- The E W Scripps Co (SSP) reported a third consecutive quarter of results that met or exceeded expectations, driven by strong sales execution and tight expense controls.
- The company successfully executed station sales in Fort Myers and Indianapolis, achieving sale prices with multiples well above current local broadcast station transactions.
- Connected TV revenue increased by 41% year over year, showcasing strong growth in streaming distribution.
- The company's sports strategy, including partnerships with the WNBA and NHL teams, has been a significant driver of advertising revenue growth.
- The E W Scripps Co (SSP) has made significant progress in reducing its debt, with net leverage improving from six times in Q2 of last year to 4.6 times at the end of Q3 2025.
- Local media division revenue was down 27% in the third quarter due to the absence of political advertising revenue compared to the prior year.
- The company reported a loss of $0.55 per share for the third quarter, impacted by various costs including debt extinguishment and restructuring.
- Scripps Networks division revenue is expected to decline in the low double-digit range for the fourth quarter, influenced by factors such as lower upfront advertising and reduced Medicare open enrollment advertising.
- The advertising environment remains challenging, with softness in direct response pricing and volatility in the pharmaceutical sector.
- The ongoing YouTube TV and Disney dispute has led to some ratings softness, although it has not directly impacted revenue performance.
Good day and thank you for standing by. Welcome to the 3rd 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. To 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 Micheli, head of investor relations. Please go ahead.
Thank you, DD. Good morning, everyone, and thank you for joining us for a discussion of the EW Scripps Company's financial results and business strategies. You can visit cripps.com for more information and a link to the replay of this call. A reminder that our conference call and webcast include forward-looking statements based on management's current
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