E.W. Scripps Full Year 2024 Earnings: EPS Misses Expectations

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editorial-team@simplywallst.com (Simply Wall St)

Thu, Mar 13, 2025, 5:23 AM 1 min read

E.W. Scripps (NASDAQ:SSP) Full Year 2024 Results

Key Financial Results

Revenue: US$2.51b (up 9.5% from FY 2023).
Net income: US$86.9m (up from US$998.1m loss in FY 2023).
Profit margin: 3.5% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.
EPS: US$1.01 (up from US$11.85 loss in FY 2023).

revenue-and-expenses-breakdown — NasdaqGS:SSP Revenue and Expenses Breakdown March 13th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

E.W. Scripps EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.

The primary driver behind last 12 months revenue was the Local Media segment contributing a total revenue of US$1.67b (67% of total revenue). Notably, cost of sales worth US$1.93b amounted to 77% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$341.4m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how SSP's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Media industry in the US are expected to grow by 2.7%.

Performance of the American Media industry.

The company's shares are up 39% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for E.W. Scripps (of which 2 are a bit concerning!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.