The E.W. Scripps Company (NASDAQ:SSP) Q2 2024 Earnings Conference Call August 9, 2024 9:30 AM ET
Company Participants
Carolyn Micheli - Head, Investor Relations
Jason Combs - Chief Financial Officer
Adam Symson - President and CEO
Lisa Knutson - Chief Operating Officer
Conference Call Participants
Dan Kurnos - Benchmark
Steven Cahall - Wells Fargo
Craig Huber - Huber Research
Operator
Good day, everyone. And thank you for standing by for the Scripps Q2 Earnings Call. At this time, all participants are on a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions]
As a reminder, today’s call is being recorded. I will now turn the call over to your hosts, Carolyn Micheli. Please go ahead.
Q - Carolyn Micheli
Thanks, Kevin. Good morning, everyone. Thanks for joining us for a discussion of The E.W. Scripps Company’s financial results and business strategies. You can visit scripps.com for more information and a link to the replay of this call.
A reminder that our conference call and webcast include forward-looking statements based on management’s current outlook and actual results may differ materially. Factors that may cause them to differ are outlined in our SEC filings. We do not intend to update any forward-looking statements we make today.
Included on this call will be a discussion of certain non-GAAP financial measures that are provided as supplements to assist management and the public in their analysis and valuation of the company.
These metrics are not formulated in accordance with GAAP and are not meant to replace GAAP financial measures and may differ from other companies’ uses or formulations. Included in our earnings release are the reconciliations of non-GAAP financial measures to the GAAP measures reported in our financial statement.
We will hear first this morning from Scripps Chief Financial Officer, Jason Combs, who will share financial results, as well as color on the Scripps ad marketplaces. Then we’ll hear from President and CEO, Adam Symson. Chief Operating Officer, Lisa Knutson also is in the room. Here’s Jason.
Jason Combs
Good morning, everyone, and thank you for joining us. I’d like to start this morning with the best news of the quarter, probably the whole year, political advertising revenue. Once again, we’re raising our guidance for political after a record first half of the year, up 40% over the same period for 2020.
Our full year guidance is also at a record level. Again this year, we will see broadcast television continuing to capture the lion’s share of political advertising dollars. Also exceeding our expectations and the performance of our peer companies are our national advertising upfront commitments.