SSP Q2 2023 Earnings — The E.W. Scripps Company Revenue & Financial Results | Market Cap Arena

SSPThe E.W. Scripps Company

$539M

Q2 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$583M-2.0% YoY

Gross Profit

$266M45.6% margin

Operating Income

-$621M-106.6% margin

Net Income

-$670M-114.9% margin

EPS (Diluted)

$-7.95

QoQ Revenue Growth

+10.4%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

-$8M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$5.7B

Total Liabilities

$4.3B

Stockholders' Equity

$1.4B

Cash & Equivalents

$39M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$583M	$594M	-2.0%
Gross Profit	$266M	$286M	-7.0%
Operating Income	-$621M	$89M	-798.2%
Net Income	-$670M	$42M	-1704.8%

Revenue Segments

Core Advertising Revenue

$367M63%

Distribution Revenue

$201M34%

Other Revenue

$11M2%

Political Advertising Revenue

$4M1%