Scripps Q2 FY26 net loss widens to $1.2 billion; revenue drops 9.2% to $490 million

Reuters2026/08/06 21:18

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The E.W. Scripps posted Q2 2026 revenue of USD 490 million, down 9.2% year over year.
Net loss attributable to shareholders widened to USD 1.2 billion, or USD 12.68 per share, driven by a USD 1.1 billion non-cash impairment charge.
Local Media revenue fell 5.4% to USD 317 million; political advertising rose to USD 28 million, while distribution slid 17% to USD 161 million.
Scripps Networks revenue dropped 16% to USD 172 million, with a USD 1.1 billion goodwill and intangible asset impairment charge booked in the quarter.
Targets USD 125 million-USD 150 million of enterprise EBITDA growth by 2028; expects 2026 full-year local political revenue of USD 225 million-USD 250 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The E.W. Scripps Company published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608061615PRIMZONEFULLFEED9805581) on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Scripps Q2 FY26 net loss widens to $1.2 billion; revenue drops 9.2% to $490 million

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