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E.W. Scripps (SSP) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 7, 2025

E.W. Scripps (SSP) reported revenue of $526M for the third quarter 2025 (Q3 2025), -19% from a year earlier and -3% from the quarter before. Operating margin was 7.2%, net loss $33.0M (6.3% of revenue).

Revenue$526M
Year over year-19%
Quarter over quarter-3%
Operating margin7.2%
Net earnings−$33.0M

E.W. Scripps, Q3 2025: revenue $526M (-19% year over year), operating margin 7.2%, net loss $33.0M, operating cash flow $21.8M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$526M-3%-19%
Operating profit$37.6M-51%—
Net earnings−$33.0M——
Operating cash flow$21.8M—-84%
Free cash flow$6.4M—-95%

What changed

Revenue was $525.9M in Q3 2025, down 19% year over year and down 3% from the previous quarter. Core advertising was the largest line at 62% of revenue. Political lost $125.9M year over year (down 96%), 104% of the total change.

Operating profit was $37.6M, a 7.2% margin (down 11.7 points year over year). Total costs fell 7% while revenue fell 19%. The quarter ended with a net loss of $33.0M, narrower than the previous quarter's $36.0M loss. Net interest and other expense of $74.8M was the main reason.

Operating cash flow was $21.8M (down 84% year over year). Non-cash charges added back $37.2M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $14.3M. Capital expenditures of $15.4M left free cash flow of $6.4M.

Questions

What was E.W. Scripps' revenue in the third quarter 2025?

E.W.

Was E.W. Scripps profitable in the third quarter 2025?

Operating profit was $37.6M (7.2% of revenue) and net loss $33.0M.

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Source: E.W. Scripps 10-Q on SEC EDGAR.