--- title: "Scripps | 10-K: FY2025 Revenue Beats Estimate at USD 2.151 B" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/277240078.md" datetime: "2026-02-27T19:05:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277240078.md) - [en](https://longbridge.com/en/news/277240078.md) - [zh-HK](https://longbridge.com/zh-HK/news/277240078.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/277240078.md) | [English](https://longbridge.com/en/news/277240078.md) # Scripps | 10-K: FY2025 Revenue Beats Estimate at USD 2.151 B Revenue: As of FY2025, the actual value is USD 2.151 B, beating the estimate of USD 2.141 B. EPS: As of FY2025, the actual value is USD -1.87, missing the estimate of USD -1.418. EBIT: As of FY2025, the actual value is USD 404.96 M. #### Consolidated Operating Expenses - Cost of revenues, excluding depreciation and amortization, decreased by $46.3 million, or 3.5%, to - $1,274,517 thousand in 2025 from - $1,320,774 thousand in 2024. - Selling, general and administrative expenses, excluding depreciation and amortization, decreased by $43.2 million, or 7.1%, to - $563,001 thousand in 2025 from - $606,178 thousand in 2024. - Restructuring costs totaled - $9,828 thousand in 2025, down from - $33,525 thousand in 2024. - Depreciation and amortization of intangible assets decreased by $4.4 million, or 2.8%, to - $150,832 thousand in 2025 from - $155,228 thousand in 2024. - Net gains on disposal of property and equipment were $31,587 thousand in 2025, up from $18,424 thousand in 2024. #### Consolidated Operating Income (Loss) - Operating income decreased to $183,994 thousand in 2025 from $412,491 thousand in 2024. #### Consolidated Other Income and Expenses - Interest expense increased by $10.6 million, or 5.1%, to - $220,968 thousand in 2025 from - $210,344 thousand in 2024. - A loss on extinguishment of debt of - $12,998 thousand was incurred in 2025, compared to $0 in 2024. - Other financing transaction costs totaled - $44,537 thousand in 2025, compared to $0 in 2024. - Defined benefit pension plan income (expense) was - $1,284 thousand in 2025, compared to $674 thousand in 2024. - Miscellaneous, net, was - $23,709 thousand in 2025, compared to $7,160 thousand in 2024, which included a - $19.5 million non-cash charge in Q4 2025 reflecting the difference between the carrying value of Court TV’s net assets and transaction consideration. #### Consolidated Net Income (Loss) - Net income (loss) from operations before income taxes was - $119,502 thousand in 2025, compared to $209,981 thousand in 2024. - The benefit (provision) for income taxes was $18,625 thousand in 2025, compared to - $63,763 thousand in 2024. - Net income (loss) was - $100,877 thousand in 2025, compared to $146,218 thousand in 2024. - Preferred stock dividends totaled - $63,583 thousand in 2025, compared to - $58,615 thousand in 2024. - Net income (loss) attributable to the shareholders of The E.W. Scripps Company was - $164,460 thousand in 2025, compared to $87,603 thousand in 2024. #### Local Media Segment Performance - **Costs and Expenses**: Total costs and expenses decreased by $9.1 million, or 0.8%, to $1,151,976 thousand in 2025 from $1,161,100 thousand in 2024. - Employee compensation and benefits decreased by $16.6 million, or 3.8%, to $420,728 thousand in 2025, due to restructuring savings and lower bonus compensation. - Programming expense increased by $24.2 million, or 4.6%, to $545,852 thousand in 2025, driven by $23.5 million in increased sports rights fees for new and existing agreements. - Other expenses decreased by $16.7 million, or 8.3%, to $185,396 thousand in 2025, mainly due to an absence of political sales activities and lower facility, rental, advertising, and promotion costs. - **Segment Profit**: Decreased by $319.6 million, or 62.3%, to $193,587 thousand in 2025 from $513,218 thousand in 2024. #### Scripps Networks Segment Performance - **Costs and Expenses**: Total costs and expenses decreased by $78.3 million, or 12.1%, to $567,373 thousand in 2025 from $645,634 thousand in 2024. - Employee compensation and benefits decreased by $34.1 million, or 28%, to $86,756 thousand in 2025, primarily due to savings from the shutdown of Scripps News’ over-the-air broadcast and other restructuring efforts. - Programming expense decreased by $26.6 million, or 7.5%, to $327,712 thousand in 2025, due to decreases in carriage affiliation fees and syndicated programming costs, partially offset by increased sports rights fees. - Other expenses decreased by $17.6 million, or 10%, to $152,905 thousand in 2025, mainly from the Scripps News broadcast shutdown and lower national sales commissions. - **Segment Profit**: Increased by $46.7 million, or 24.5%, to $236,844 thousand in 2025 from $190,175 thousand in 2024. #### Shared Services and Corporate - Shared services and corporate expenses were $88,228 thousand in 2025, compared to $88,941 thousand in 2024. #### Cash Flows - Net cash provided by operating activities decreased by $313 million to $53,100 thousand in 2025 from $365,680 thousand in 2024. - Net cash used in investing activities was - $12,131 thousand in 2025, compared to - $26,536 thousand in 2024. - Net cash used in financing activities was - $36,898 thousand in 2025, compared to - $350,611 thousand in 2024. #### Liquidity and Capital Resources - As of December 31, 2025, The E.W. Scripps Company had $27.9 million of cash on hand and $271 million of additional borrowing capacity under its revolving credit facilities and securitization facility. - The Company had no borrowings outstanding under its credit facilities and $361 million outstanding under the securitization facility, with a maximum availability of $363 million, as of December 31, 2025. - Total outstanding indebtedness was approximately $2.6 billion as of December 31, 2025, including $392 million in senior unsecured debt, $1.3 billion in senior secured debt, and $619 million in term loans. - The redemption value of Series A preferred stock, including aggregated undeclared and unpaid cumulative dividends, totaled $750 million at December 31, 2025. #### Unique Metrics and Transactions - The E.W. Scripps Company committed $12.8 million for a 25% ownership interest in the EdgeBeam Wireless, LLC joint venture, with $6.4 million paid during 2025. - An agreement to sell WFTX, a Fox-affiliated station in Fort Myers, Florida, for $40.0 million was reached on September 3, 2025, expected to close on March 2, 2026. - An agreement to sell WRTV, an ABC-affiliated station in Indianapolis, Indiana, for $83.0 million was reached in October 2025, expected to close by March 6, 2026. - The sale of Court TV was committed in Q4 2025 and closed on February 9, 2026, resulting in a - $19.5 million non-cash charge in Q4 2025. - In February 2026, the Company exercised call options to acquire assets of 23 INYO television stations for an aggregate purchase price of approximately $54 million, contingent on closing dates. - Goodwill balances as of December 31, 2025, were: Local Media $858,757 thousand, Scripps Networks $1,052,387 thousand, and Other $7,190 thousand, totaling $1,918,334 thousand. - The carrying value of television FCC licenses was $765 million at December 31, 2025. #### Outlook / Guidance - The E.W. Scripps Company announced an enterprise-wide transformation plan in February 2026, aiming for annualized enterprise EBITDA growth of $125 million to $150 million by 2028. - This growth is anticipated through cost savings and revenue growth initiatives utilizing technology, including AI and automation, to improve revenue yield on existing businesses. - The Company expects its cash flow from operations to provide sufficient liquidity for its operating needs over the next 12 months, based on its current business plan. ### 相關股票 - [Scripps (SSP.US)](https://longbridge.com/zh-HK/quote/SSP.US.md) ## 相關資訊與研究 - [Scripps Finalizes WRTV Station Sale to Circle City](https://longbridge.com/zh-HK/news/281402031.md) - [YieldBoost Scripps To 21.1% Using Options](https://longbridge.com/zh-HK/news/279464645.md) - [Cintas (CTAS) Valuation Check After Q3 Results And Higher Fiscal 2026 Guidance](https://longbridge.com/zh-HK/news/281225115.md) - [Scinai Immunotherapeutics reports FY results](https://longbridge.com/zh-HK/news/281477360.md) - [Berenberg Lifts FY26 Estimates for Ferrari on Expected 'Strong' Q1](https://longbridge.com/zh-HK/news/281471058.md)