Earnings Releases·Nov 6, 2026, 7:08 AM ET

The E.W. Scripps Company — Q3 2026 Earnings Summary

Q3 2026 total revenue rose 3.6% to $545 million, driven by a 15% surge in Local Media revenue to $373 million (including $80.6 million in political ad revenue), while Scripps Networks revenue fell 14% to $173 million; adjusted EBITDA for the quarter reached $121.5 million versus $80.4 million in the prior-year period.
Year-to-date results reflect a $1.2 billion loss attributable to shareholders ($12.73 per share) due to a $1.1 billion non-cash goodwill impairment charge, though Q3 net income was $20.7 million ($0.21 per share) after excluding $18.8 million in restructuring costs.
Management expects Q4 2026 Local Media revenue to grow 40% to 50% and Scripps Networks revenue to decline in the high single digits, with plans to pay down at least $150 million of debt using Q4 political advertising proceeds.
The company remains on track to implement $100 million in annual run-rate savings by year-end 2026 and aims to generate $125-$150 million of enterprise EBITDA growth by 2028, while maintaining a disciplined approach to M&A and reducing workforce by approximately 20% in 2026.
Total debt stands at $2.5 billion as of September 30, 2026, with $83.4 million in cash and cash equivalents; no quarterly preferred dividends were declared or paid in 2026, with cumulative unpaid dividends totaling $166 million.