E.W. Scripps Q3 revenue rises on increased political ad revenue
SSP•E.W. Scripps’ third-quarter revenue rose 3.6% year over year to $544.86 million, and net income was $37.66 million. The company cited strong political advertising during the midterm election cycle.
1. Quarterly results
E.W. Scripps reported third-quarter operating revenue of $544.86 million and net income of $37.66 million. Operating expenses were $477.57 million, and operating income was $67.29 million. Strong political advertising during the midterm election cycle drove Local Media revenue growth, while core advertising revenue declined due to displacement from political advertising.
2. Outlook and costs
The company expects fourth-quarter Local Media revenue to rise in the low-to-mid 40% range year over year, while Scripps Networks revenue is expected to decline by a high-single-digit percentage. Scripps expects to pay down at least $150 million of debt in the quarter using cash and political advertising revenue. It reduced its workforce by 20% in 2026 and cut segment expenses through a transformation plan.
