EX-99.1 2 ssp-20260507ex991.htm EX-99.1 Document Exhibit 99.1 Scripps reports Q1 2026 financial results May 7, 2026 ─────────────── CINCINNATI - The E.W. Scripps Company (NASDAQ: SSP) delivered $517 million in revenue for the first quarter of 2026. Loss attributable to the shareholders of Scripps was $18 million or 20 cents per share. Business notes: • Net leverage at the end of the first quarter was 3.9x, per the calculations in company credit agreements, which includes the retroactive benefit of proforma adjustments of management’s ongoing transformation efforts. In February, Scripps announced it had launched a transformation plan that targets annualized enterprise EBITDA growth of $125-$150 million by 2028 through cost savings and revenue growth initiatives. • For the first quarter, core advertising revenue in the Local Media division increased 7% on an adjusted combined basis, largely driven by revenue from agreements with four National Hockey League teams, including the addition of the Tampa Bay Lightning this season. The Winter Olympics and the Super Bowl also contributed. The NHL regular season ended in mid-April, reducing the impact of live local sports on sec…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
E.W. Scripps Company
SSPNASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On May 7, 2026, we released information regarding results of operations for the quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1.
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Item 2.02 Results of Operations and Financial Condition
On May 7, 2026, we released information regarding results of operations for the quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1.