E.W. Scripps Reports Q3 GAAP EPS of $0.21, Beating Estimates
E.W. Scripps (SSP) reported third-quarter GAAP earnings per share of $0.21, significantly exceeding analyst expectations by $0.31. While the company's revenue reached $545 million—a 3.7% increase year-over-year—the figure was in line with market consensus. Despite the earnings beat, the company's stock saw a decline of approximately 2.03% in after-hours trading. The report comes amid broader organizational changes, including a workforce reduction of 431 employees and an updated revenue outlook for the 2026 political cycle.
Topics: earnings beat layoffs political advertising revenue outlook