SSP Earnings Prediction
The chart below shows how SSP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SSP sees a +8.66% change in stock price 10 days leading up to the earnings, and a -0.06% change 10 days following the report. On the earnings day itself, the stock moves by -3.18%. This data can give you a slight idea of what to expect for the next quarter's release.
SSP Key Earning Data
2024/Q4
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SSP Earnings Analysis
E W Scripps Co Corporation (SSP.O) Earnings Conference Call
Positive
Strong Year-End Results: The company reported strong fourth quarter and full year 2024 results, indicating a successful year overall.
Leverage Ratio Reduction: Scripps achieved a significant reduction in its leverage ratio, down to 4.8 times by the end of the year, nearly a full turn below the end of 2023.
Record Political Advertising Revenue: The Local Media division saw a record political advertising revenue, almost 30% higher than the 2020 presidential election year revenue, totaling $174 million in Q4 alone.
Margin Improvement Outlook: Scripps Networks division margin improved significantly, with a reported fourth quarter margin of 28%, and expectations for continued margin improvement in 2025.
Debt Refinancing Success: The company successfully executed a significant round of debt refinancing, extending the maturity of a portion of its term loans and maintaining liquidity for operations.
Successful Sports Inventory Sale: Scripps closed a successful upfront, selling out more than 75% of its sports inventory, outperforming industry trends and setting a strong foundation for 2025.
Connected TV Revenue Surge: The company reported a notable increase in connected TV revenue, up 16% in Q4, indicating positive trends in advertising inventory despite challenges from streaming services.
Property Sales and Agreements: Scripps completed $20 million in property sales and reached agreements for an additional $50 million, contributing to its financial stability.
Negative
Advertising Revenue Decline: Local Media core advertising revenue decreased by 11% compared to Q4 of 2023, indicating a decline in traditional advertising performance.
Revenue Decline Challenges: Scripps Networks revenue fell by 6% year-over-year, reflecting challenges in the media landscape and competition from streaming services.
Local Distribution Revenue Decline: Local distribution revenue decreased by 5% year-over-year, highlighting difficulties in maintaining subscriber numbers and contract renewals.
Other Segment Loss: The company reported a loss of $8.3 million in the Other segment, indicating ongoing financial challenges in non-core areas.
Earnings Per Share Impact: The preferred stock dividend negatively impacted earnings per share by $0.17, which could concern investors about profitability.
Restructuring Charges Impact: The fourth quarter results included $29.9 million in restructuring charges primarily due to Scripps News reductions, suggesting ongoing operational challenges and cost-cutting measures.
SSP FAQs
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SSP Earning Call Sentiment
The E.W. Scripps Company (NASDAQ:SSP) Q4 2024 Earnings Call Transcript
SSP.O
-3.3%Positive
The earnings call presents a mixed outlook. Strong political advertising revenue and debt reduction are positives, but declining core advertising revenue and unclear 2025 guidance are concerns. The Q&A reveals uncertainties in advertising performance and management's evasive responses on negotiations. The overall sentiment is neutral, as positives are offset by negatives, and the lack of specific guidance adds uncertainty.
