SSP Q1 2024 Earnings — The E.W. Scripps Company Revenue & Financial Results | Market Cap Arena

SSPThe E.W. Scripps Company

$539M

Q1 2024 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$561M+6.4% YoY

Gross Profit

$194M34.6% margin

Operating Income

$49M8.6% margin

Net Income

$2M0.3% margin

EPS (Diluted)

$-0.15

QoQ Revenue Growth

-8.8%

Cash Flow

Operating Cash Flow

$45M

Free Cash Flow

$23M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.2B

Stockholders' Equity

$1.2B

Cash & Equivalents

$30M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$561M	$528M	+6.4%
Gross Profit	$194M	$219M	-11.4%
Operating Income	$49M	$16M	+194.6%
Net Income	$2M	-$19M	+108.8%

Revenue Segments

Core Advertising Revenue

$334M59%

Distribution Revenue

$203M36%

Political Advertising Revenue

$16M3%

Other Revenue

$9M2%