Strong sales execution bolstered Scripps' Q1 results as ad markets began to rebound
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E.W. Scripps Co. (SSP) Misses Q1 EPS by 25c, Revenues Beat
May 7, 2021 7:32 AM EDTE.W. Scripps Co. (NASDAQ: SSP) reported Q1 EPS of ($0.10), $0.25 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $540.92 million versus the consensus estimate of $536.21 million.
First-quarter Local Media core advertising outperformed expectations, up 2% on an adjusted-combined basis, driven by a rebound in the advertising market and strong sales execution. The top five core advertising categories were up on a year-over-year basis in March.The new Scripps Networks division met expectations on Q1 revenue, flat to Q1 2020 on an adjusted-combined basis, with margins of 43%. The networks are... More