SSP Q4 2023 Earnings — The E.W. Scripps Company Revenue & Financial Results | Market Cap Arena

SSPThe E.W. Scripps Company

$539M

Q4 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$616M-9.6% YoY

Gross Profit

$279M45.3% margin

Operating Income

-$202M-32.7% margin

Net Income

-$256M-41.5% margin

EPS (Diluted)

$-3.17

QoQ Revenue Growth

+8.7%

Cash Flow

Operating Cash Flow

$62M

Free Cash Flow

$47M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$5.4B

Total Liabilities

$4.3B

Stockholders' Equity

$1.2B

Cash & Equivalents

$35M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$616M	$681M	-9.6%
Gross Profit	$279M	$366M	-23.7%
Operating Income	-$202M	$164M	-222.9%
Net Income	-$256M	$86M	-399.0%

Revenue Segments

Core Advertising Revenue

$383M62%

Distribution Revenue

$208M34%

Political Advertising Revenue

$17M3%

Other Revenue

$8M1%