Tag: DIY

Q2 2016 – Scripps Networks Earnings Call Summary

Scripps

Below are my key takeaways from the Scripps Q2 2016 Earnings Call on Aug 9:

Summary:

Opening statement from Ken Lowe, CEO, was “Scripps Interactive again delivered another quarter of strong operating performance…”

Total operating rev +22% YoY to $893MM, consolidated advertising rev +29%, ad revenue for US networks +9% and crossed $500MM in the quarter for first time ever.  Consolidated adjusted segment profit up 14%.  Closed a record upfront.

HGTV was the number one network, in terms of revenue, at $283MM. Food Network was second with $241MM, followed by Travel Channel at $86MM, DIY at $47MM and Cooking Channel at $37.  All channels grew revenue in the quarter, except for DIY, which fell 2%.

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