--- title: "Scripps | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 490.4 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295226922.md" datetime: "2026-08-07T11:23:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295226922.md) - [en](https://longbridge.com/en/news/295226922.md) - [zh-HK](https://longbridge.com/zh-HK/news/295226922.md) --- # Scripps | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 490.4 M Revenue: As of FY2026 Q2, the actual value is USD 490.4 M, missing the estimate of USD 511.65 M. EPS: As of FY2026 Q2, the actual value is USD -12.68, missing the estimate of USD -0.2. EBIT: As of FY2026 Q2, the actual value is USD -1.158 B. The E.W. Scripps Company reported several key financial and operational metrics for the second quarter and six months ended June 30, 2026, alongside its financial condition and outlook. #### Overall Financial Performance **Second Quarter 2026:** Net loss attributable to shareholders was - $1.168 billion, or - $12.68 per share, compared to a net loss of - $51.7 million, or - $0.59 per share, in Q2 2025. Operating loss was - $1.158 billion, compared to an operating income of $76.6 million in the prior-year quarter. Segment, Shared Services and Corporate Expenses totaled $441.2 million, down from $457.1 million in the year-ago quarter. Restructuring Costs were - $35.8 million, significantly up from - $613 thousand in Q2 2025. Impairment of Goodwill and Other Intangible Assets was - $1.136 billion, with no comparable charge in Q2 2025. Adjusted EBITDA was $55.2 million, down from $88.9 million in Q2 2025. **Six Months Ended June 30, 2026:** Year-to-date net loss attributable to shareholders was - $1.186 billion, or - $13.04 per share, compared to - $70.5 million, or - $0.81 per share, in the prior year. Operating loss was - $1.133 billion, compared to an operating income of $104.1 million in the prior-year period. Segment, Shared Services and Corporate Expenses totaled $897.8 million, down from $911.5 million in the year-ago period. Restructuring Costs were - $36.5 million, up from - $4.8 million in the prior-year period. Impairment of Goodwill and Other Intangible Assets was - $1.136 billion, with no comparable charge in the prior-year period. Adjusted EBITDA was $122.0 million, down from $164.5 million in the prior-year period. #### Local Media Segment **Second Quarter 2026:** Revenue was $316.5 million, a decrease of 5.4% from the prior-year quarter. Core advertising revenue was $124.6 million, down 8.7%. Political revenue was $28.1 million, significantly up from $2.6 million in the non-election prior-year quarter. Distribution revenue was $160.5 million, down 16.7%, with service blackout periods having a - $26.7 million negative impact. Segment Expenses were $260.7 million, a decrease of 6.5%. Segment Profit was $55.8 million, flat year-over-year. **Six Months Ended June 30, 2026:** Revenue was $658.2 million, a decrease of 0.3% from the prior-year period. Core advertising revenue was $264.4 million, down 1.6%. Political revenue was $37.1 million, up from $5.9 million. Distribution revenue was $350.4 million, down 7.7%. Segment Expenses were $555.7 million, a decrease of 2.4%. Segment Profit was $102.5 million, an increase of 13.0%. #### Scripps Networks Segment **Second Quarter 2026:** Revenue was $171.9 million, a decrease of 16.5% from the prior-year quarter, partly due to the sale of Court TV. Segment Expenses were $146.4 million, a decrease of 2.3%. Segment Profit was $25.5 million, a decrease of 54.4% from $55.9 million in the year-ago quarter. **Six Months Ended June 30, 2026:** Revenue was $347.9 million, a decrease of 13.8% from the prior-year period. Segment Expenses were $276.2 million, a decrease of 2.7%. Segment Profit was $71.8 million, a decrease of 40.2% from $120.0 million in the prior-year period. #### Financial Condition (As of June 30, 2026) - Cash and Cash Equivalents were $13.0 million, down from $27.9 million at December 31, 2025. - Total Debt was $2.5 billion. - Long-term Debt included $1.7 billion of senior notes, $558 million of term loans, and $314 million under the accounts receivable securitization facility. - Principal Pre-payments of $60.6 million were made on term loans during the first six months of 2026. - Undeclared and Unpaid Cumulative Preferred Stock Dividends totaled $150 million. #### Supplemental Cash Flow Information (Six Months Ended June 30, 2026) - Capital Expenditures were - $18.9 million, compared to - $14.5 million in the prior-year period. - Interest Paid was - $101.4 million, compared to - $81.9 million in the prior-year period. - Income Taxes Refunded (Paid) were $4.8 million, compared to - $12.7 million in the prior-year period. #### Operational Highlights - The E.W. Scripps Company aims for $125-$150 million of enterprise EBITDA growth by 2028 through cost savings and revenue initiatives, with approximately $100 million in annual run-rate savings expected by year-end. - Recent retransmission consent agreements led to temporary removal of Scripps stations, negatively impacting Q2 core advertising and distribution revenue. #### Outlook / Guidance (Third Quarter 2026) For the third quarter of 2026, Local Media revenue is projected to increase by about 20 percent, while Local Media expense is anticipated to decrease in the low-single-digit percent range. Scripps Networks revenue is expected to decline in the mid-teens percent range, with its expenses increasing in the low-single-digit percent range. Shared services and corporate costs are estimated to be around $25 million. ### Related Stocks - [SSP.US](https://longbridge.com/en/quote/SSP.US.md) ## Related News & Research - [Noble Financial Predicts Reduced Earnings for E.W. 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