SSP Q1 2023 Earnings — The E.W. Scripps Company Revenue & Financial Results | Market Cap Arena

SSPThe E.W. Scripps Company

$539M

Q1 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$528M-6.7% YoY

Gross Profit

$219M41.6% margin

Operating Income

$16M3.1% margin

Net Income

-$19M-3.5% margin

EPS (Diluted)

$-0.37

QoQ Revenue Growth

-22.5%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

$7M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$6.4B

Total Liabilities

$4.3B

Stockholders' Equity

$2.1B

Cash & Equivalents

$16M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$528M	$566M	-6.7%
Gross Profit	$219M	$268M	-18.1%
Operating Income	$16M	$71M	-76.9%
Net Income	-$19M	$22M	-182.9%

Revenue Segments

Core Advertising Revenue

$349M66%

Distribution Revenue

$167M32%

Other Revenue

$9M2%

Political Advertising Revenue

$4M1%