E.W. Scripps (SSP) has just wrapped up FY 2025 with fourth quarter revenue of US$560.3 million, basic EPS of US$0.51 loss, and net income excluding extra items of US$44.9 million loss, while trailing twelve month revenue came in at about US$2.2 billion with basic EPS of US$1.87 loss. Over recent quarters, the company has seen revenue move from US$728.4 million and basic EPS of US$0.93 in Q4 2024 to US$560.3 million and basic EPS of US$0.51 loss in Q4 2025, with net income shifting from US$79.9 million profit to US$44.9 million loss over the same period. The key question now is whether future earnings growth and a path back toward stronger margins can offset the current pressure on profitability.

See our full analysis for E.W. Scripps.

With the headline numbers on the table, the next step is to see how this earnings profile lines up with the widely held narratives around E.W. Scripps, and where the data might support or challenge those views.

TTM loss of US$164 million despite US$2.2b in sales

• Over the last twelve months to Q4 2025, E.W. Scripps generated about US$2.2b in revenue and reported a net loss excluding extra items of US$164.5 million, with basic EPS at a loss of US$1.87.
• Consensus narrative highlights growth in connected TV and live sports as potential supports for margins, yet the move from a US$80.8 million profit in the prior TTM snapshot to a US$164.5 million loss shows that, so far, the earnings trend has moved the opposite way:
  • Revenue has eased from around US$2.5b in the earlier TTM periods to about US$2.2b. This aligns with expectations for modest 2.4% annual revenue growth rather than a strong top line recovery.
  • With losses having grown at about 31.6% annually over five years, the current TTM loss profile challenges the idea that recent operating changes are already feeding through to more resilient profitability.

Quarterly profits swung from US$80 million to a US$45 million loss

• Comparing Q4 2024 to Q4 2025, net income excluding extra items shifted from a profit of US$79.9 million to a loss of US$44.9 million, while revenue went from US$728.4 million to US$560.3 million over the same quarters.
• Bears argue that pressure on traditional TV and high fixed costs will weigh on Scripps, and the step from positive Q4 2024 earnings to four straight quarterly losses in 2025 fits that cautious view:
  • Across FY 2025, each quarter showed a loss excluding extra items, ranging from US$18.8 million in Q1 to US$51.7 million in Q2. This aligns with concerns about ongoing operating strain rather than a one off bump.
  • Basic EPS tracked that pattern, with losses in each 2025 quarter between US$0.22 and US$0.59 per share, suggesting profitability has not yet stabilized at the quarterly level.

A lot of this cautious take hinges on how long TV softness and higher financing costs stick around, and how quickly management can prove that newer revenue streams change the earnings pattern. 🐻 E.W. Scripps Bear Case

Cheap P/S at 0.2x against DCF fair value of US$10.18

• At a share price of US$3.69, Scripps trades on a P/S of 0.2x compared with a peer average of 0.3x and a US Media industry average of 0.9x, and sits well below a DCF fair value estimate of US$10.18.
• Bullish investors point to this discount and to strong forecast EPS growth of 59.57% per year as a potential setup for a rerating, even though the business is currently loss making:
  • Analysts expect Scripps to move back to profitability within three years. This contrasts with the current TTM loss of US$164.5 million and frames the gap between today’s earnings base and the forecast recovery.
  • Because forecast revenue growth of 2.4% per year trails the wider US market’s 10.4% expectation, the bullish case leans heavily on margin repair rather than a big acceleration in sales, making execution on cost and mix a key focus.

If you want to see how optimistic investors are connecting these numbers to a long term thesis on Scripps, 🐂 E.W. Scripps Bull Case

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for E.W. Scripps on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

If this mix of optimism and concern has you on the fence, take a moment to review the numbers yourself and form your own view. To see what positives our data highlights, check out 3 key rewards.

Explore Alternatives

Scripps is wrestling with a TTM net loss of US$164.5 million, quarterly losses through 2025, and revenue that sits below prior periods.

If those recurring losses and pressure on margins have you hesitant, consider shifting your focus toward companies in our 80 resilient stocks with low risk scores that pair stronger fundamentals with more resilient earnings profiles.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.