Scripps anticipates Q2 2026 Local Media revenue to rise by a low single-digit percent and expenses to be flat. Scripps Networks revenue is projected to decrease by about 10 percent.
Bullish
Scripps is executing a transformation plan targeting $125-$150 million annualized EBITDA growth by 2028. The company also achieved 7% core advertising growth in Local Media and launched a new Scripps Sports Network.
Bearish
Scripps saw Scripps Networks revenue decline 11% and interest expense rise. The company also faces restrictions on common dividends and share repurchases until preferred shares are redeemed.