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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 574M | 9.4% |
| Gross Profit | 222M | 33% |
| Cost of Revenue | 352M | 1.6% |
| Operating expense | 518M | 0% |
| Net Income | 1.4M | 12.1% |
| EBITDA | 79M | 5.9% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.28B | 0.9% |
| Total Liabilities | 4.11B | 1.3% |
| Total Equity | 1.17B | 0.5% |
| Shares Outstanding | 86M | 0.9% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 26M | 42% |
| Cash from investing | -24M | 369.9% |
| Cash from financing | -6M | 86.7% |
EPS
Financial Highlights for E. W. Scripps in Q2 '24
E. W. Scripps reported a revenue of 574M, which is a 9.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 222M, marking a 33% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 352M, a -1.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 518M, showing a -0% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.4M, showing a -12.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 79M, showing a -5.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
E. W. Scripps faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
