From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 50s
Scripps Q3 Earnings Beat
E.W. Scripps beats earnings estimates with strong political ad revenue and local media growth.
In brief
E.W. Scripps beats earnings estimates with strong political ad revenue and local media growth. E.W. Scripps reported Q3 2026 earnings of $0.21 per share, exceeding estimates by 520% and driving a 2.4% stock rise. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Earnings Beat
E.W. Scripps Company delivered Q3 2026 diluted earnings of $0.21 per share, crushing the consensus estimate of -$0.05 by 520%.
Political Revenue Surge
Political advertising revenue reached $82.6M, 44% above 2022 levels and driving a dramatic turnaround from Q3 2025's $0.55 loss.
“We are now three days past the midterm election, and I’m pleased to report that we ended the cycle above even our guidance from last week and 44% above our record 2022 midterm political revenue level at $284 million.”
Local Media Growth
Local Media segment generated $372.8M revenue, a 14.5% year-over-year increase across 60 television stations.
Cost Discipline
Management targets $100 million in run-rate savings by year-end to support sustained profitability beyond political revenue.
“We’re on track, as discussed last quarter, to deliver $100 million of that in run-rate savings by year-end.”
Skepticism Ahead
Analysts show 1 buy, 4 hold, and 5 sell ratings, signaling concerns about long-term profitability without political revenue.
Here's the gist
E.W. Scripps reported Q3 2026 earnings of $0.21 per share, exceeding estimates by 520% and driving a 2.4% stock rise.
