Scripps Q2 FY26 net loss widens to $1.2 billion; revenue drops 9.2% to $490 million
SSP•Outlook and targets
Scripps targets $125 million-$150 million of enterprise EBITDA growth by 2028. It expects 2026 full-year local political revenue of $225 million-$250 million.
Local media and networks revenue trends
Local Media revenue fell 5.4% to $317 million; political advertising rose to $28 million, while distribution slid 17% to $161 million.
Scripps Networks revenue dropped 16% to $172 million, with a $1.1 billion goodwill and intangible asset impairment charge booked in the quarter.
Q2 results show wider loss and lower revenue
The E.W. Scripps posted Q2 2026 revenue of $490 million, down 9.2% year over year.
Net loss attributable to shareholders widened to $1.2 billion, or $12.68 per share, driven by a $1.1 billion non-cash impairment charge.
