SSP Q3 2023 Earnings — The E.W. Scripps Company Revenue & Financial Results | Market Cap Arena

SSPThe E.W. Scripps Company

$539M

Q3 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$567M-7.4% YoY

Gross Profit

$245M43.3% margin

Operating Income

$53M9.4% margin

Net Income

-$4M-0.6% margin

EPS (Diluted)

$-0.19

QoQ Revenue Growth

-2.8%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$6M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.7B

Total Liabilities

$4.3B

Stockholders' Equity

$1.4B

Cash & Equivalents

$16M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$567M	$612M	-7.4%
Gross Profit	$245M	$300M	-18.2%
Operating Income	$53M	$104M	-49.0%
Net Income	-$4M	$46M	-107.9%

Revenue Segments

Core Advertising Revenue

$346M61%

Distribution Revenue

$204M36%

Political Advertising Revenue

$9M2%

Other Revenue

$8M1%