Aug. 11 at 1:21 PM
Noble Capital Markets Research Report: E.W. Scripps (
$SSP) – Fed Rate Action Could Ignite Auto Advertising
Q2 results largely in line. Total company revenue of
$540.0 million was a tad shy of our
$546.6 million estimate, but was close enough. The biggest downside variance was Political, which is very unpredictable especially in an off election year. Importantly, the company overachieved our adj. EBITDA estimate,
$88.8 million versus
$84.8 million.
Read more: https://www.channelchek.com/news-channel/e-w-scripps-ssp-fed-rate-action-could-ignite-auto-advertising