SSP Q2 2024 Earnings — The E.W. Scripps Company Revenue & Financial Results | Market Cap Arena

SSPThe E.W. Scripps Company

$539M

Q2 2024 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$574M-1.6% YoY

Gross Profit

$247M43.0% margin

Operating Income

$56M9.7% margin

Net Income

$1M0.2% margin

EPS (Diluted)

$-0.15

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$3M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.1B

Stockholders' Equity

$1.2B

Cash & Equivalents

$27M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$574M	$583M	-1.6%
Gross Profit	$247M	$266M	-7.3%
Operating Income	$56M	-$621M	+109.0%
Net Income	$1M	-$670M	+100.2%

Revenue Segments

Core Advertising Revenue

$337M59%

Distribution Revenue

$200M35%

Political Advertising Revenue

$29M5%

Other Revenue

$8M1%