Earnings summaries and quarterly performance for Sinclair.
Executive leadership at Sinclair.
CS
Christopher S. Ripley
Detailed
President and Chief Executive Officer
CEO
BS
Brian S. Bark
Detailed
Executive Vice President and Chief Information Officer
DB
David B. Gibber
Detailed
Executive Vice President and Chief Legal Officer
DD
David D. Smith
Detailed
Executive Chairman
DR
David R. Bochenek
Detailed
Senior Vice President and Chief Accounting Officer
DR
Delbert R. Parks, III
Detailed
President of Technology
DH
Donald H. Thompson
Detailed
Executive Vice President and Chief Human Resources Officer
FG
Frederick G. Smith
Detailed
Vice President
JD
J. Duncan Smith
Detailed
Vice President and Secretary
JR
Jason R. Smith
Detailed
Executive Vice Chairman
JE
Jeffrey E. Lewis
Detailed
Vice President and Chief Compliance Officer
JL
Justin L. Bray
Detailed
Senior Vice President and Treasurer
NS
Narinder Sahai
Detailed
Executive Vice President and Chief Financial Officer
RD
Robert D. Weisbord
Detailed
Chief Operating Officer and President, Local Media
SH
Scott H. Shapiro
Detailed
Executive Vice President, Corporate Development and Strategy
Board of directors at Sinclair.
Research analysts who have asked questions during Sinclair earnings calls.
AW
Aaron Watts
Deutsche Bank
5 questions for SBGI
Also covers: CCO, CMLS, GTN +3 more
Benjamin Soff
Deutsche Bank
5 questions for SBGI
Also covers: LYV, NXST, NYT +1 more
DK
Daniel Kurnos
The Benchmark Company, LLC
5 questions for SBGI
Also covers: ANGI, CNVS, DRCT +12 more
David Hamburger
Morgan Stanley
3 questions for SBGI
Also covers: GTN, IHRT
Steven Cahall
Wells Fargo & Company
3 questions for SBGI
Also covers: AMCX, ATUS, CABO +19 more
DK
David Karnovsky
JPMorgan Chase & Co.
2 questions for SBGI
Also covers: CCO, CNK, DIS +19 more
FL
Fernanda Lima
Morgan Stanley
2 questions for SBGI
Barton Crockett
Rosenblatt Securities
1 question for SBGI
Also covers: BATRA, DSP, EEX +17 more
DK
Dan Kurnos
The Benchmark Company
1 question for SBGI
Also covers: ANGI, CNVS, DRCT +5 more
Deborah Yeboah
Wells Fargo Securities
1 question for SBGI
Recent press releases and 8-K filings for SBGI.
Sinclair Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance
SBGI
Earnings
Guidance Update
Debt Issuance
- Sinclair reported Q4 2025 total revenue of $836 million and Adjusted EBITDA of $168 million, with full-year 2025 total revenue of $3.2 billion and Adjusted EBITDA of $483 million. Core advertising grew 14% year-over-year in Q4 2025.
- For full-year 2026, the company guides for total revenue between $3.4 billion and $3.54 billion and Adjusted EBITDA between $700 million and $740 million, with political advertising revenue expected to be at least $333 million.
- Sinclair ended 2025 with $4.4 billion in total debt and $866 million in total cash, with the nearest debt maturity now in December 2029 following refinancing activities and the retirement of $89 million of 2027 notes. Deleveraging remains a top priority, supported by expected cash generation from 2026 through 2028.
- The company is conducting a strategic review of its broadcast business and planning for a potential separation of Ventures. It also expects approximately $30 million in annualized run rate synergies by the second half of 2026 from JSA and LMA buy-ins.
3 days ago
Sinclair (SBGI) Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance
SBGI
Earnings
Guidance Update
New Projects/Investments
- Sinclair (SBGI) delivered strong financial performance for FY 2025, with total revenue of $3,169 million and Adjusted EBITDA of $483 million, both exceeding guidance midpoints.
- For Q4 2025, total revenue was $836 million and Adjusted EBITDA was $168 million, with Adjusted EBITDA exceeding the high end of guidance. Core advertising revenue increased 14% year-over-year in Q4 2025.
- The company ended FY 2025 with total debt of $4.4 billion, total liquidity of ~$1.5 billion, and total cash of $866 million, with deleveraging identified as a top priority.
- For full-year 2026, Sinclair expects total revenue between $3,400 million and $3,540 million and Adjusted EBITDA between $700 million and $740 million, anticipating at least $333 million in political advertising revenue.
3 days ago
Sinclair Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance
SBGI
Earnings
Guidance Update
Debt Issuance
- Sinclair (SBGI) reported Q4 2025 total revenue of $836 million and Adjusted EBITDA of $168 million, with full-year 2025 total revenue reaching $3.2 billion and Adjusted EBITDA of $483 million. Core advertising grew 14% year-over-year in Q4 2025.
- The company ended 2025 with total debt of $4.4 billion, total liquidity of approximately $1.5 billion, and total cash of $866 million. The nearest debt maturity is now December 2029, and deleveraging is a top priority, supported by expected cash generation from 2026 through 2028.
- For full-year 2026, Sinclair provided guidance for total revenue between $3.4 billion and $3.54 billion and Adjusted EBITDA between $700 million and $740 million. This guidance assumes at least $333 million in political advertising revenue and stable core advertising trends.
- Sinclair is progressing with a strategic review of its broadcast business and planning for the potential separation of Ventures. Sinclair Ventures generated $104 million in cash distributions in 2025 and held $465 million in cash at year-end.
3 days ago
Sinclair Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance
SBGI
Earnings
Guidance Update
New Projects/Investments
- Sinclair (SBGI) reported Q4 2025 total revenue of $836 million and adjusted EBITDA of $168 million, with full-year 2025 total revenue reaching $3.2 billion and adjusted EBITDA of $483 million. Core advertising grew 14% year-over-year in Q4 2025, driven by strong demand and the Digital Remedy acquisition, while distribution revenue showed signs of stabilization.
- The company ended 2025 with total debt of $4.4 billion, total liquidity of approximately $1.5 billion, and total cash of $866 million. Sinclair completed a comprehensive debt refinancing in February 2025, retired $89 million of 2027 notes, and established a $375 million AR facility, pushing its nearest debt maturity to December 2029. Deleveraging remains a top priority, with 2026 and 2028 political cycles expected to support this objective.
- For full-year 2026, Sinclair provided guidance for total revenue between $3.4 billion and $3.54 billion, and adjusted EBITDA between $700 million and $740 million. This guidance includes expectations for core advertising revenue of $1.26 billion-$1.3 billion and political advertising revenue of at least $333 million.
- Sinclair is progressing with a strategic review of its broadcast business and planning for the potential separation of Ventures, which generated $104 million in cash distributions in 2025 and ended the year with $465 million in cash. The company also anticipates approximately $30 million in annualized run rate synergies by H2 2026 from JSA and LMA buy-ins.
3 days ago
Sinclair, Inc. Reports Q4 and Full Year 2025 Financial Results and Provides 2026 Outlook
SBGI
Earnings
Guidance Update
New Projects/Investments
- Sinclair, Inc. reported strong Q4 2025 financial results, meeting or exceeding guidance on all key metrics, with total revenue of $836 million and Adjusted EBITDA of $168 million.
- For the full year 2025, the company achieved $483 million in Adjusted EBITDA and saw full-year core advertising revenue grow by $71 million over 2024.
- The company provided FY 2026 guidance, projecting consolidated Total Revenue between $3,400 and $3,540 million and Adjusted EBITDA between $700 and $740 million, including at least $333 million in political advertising revenue.
- In 2025, Sinclair Ventures made approximately $50 million in minority investments and received distributions of approximately $104 million, with $86 million received in the fourth quarter.
- As of December 31, 2025, total company debt was $4,383 million, with $866 million in cash and cash equivalents, contributing to $1.5 billion in available liquidity.
3 days ago
Sinclair Reports Fourth Quarter and Full-Year 2025 Financial Results
SBGI
Earnings
Guidance Update
New Projects/Investments
- Sinclair reported full-year 2025 Adjusted EBITDA of $483 million and Q4 2025 total revenue of $836 million.
- Full-year core advertising revenue grew by $71 million over 2024.
- The company provided guidance for the twelve months ending December 31, 2026, expecting Consolidated Adjusted EBITDA between $700 million and $740 million.
- As of December 31, 2025, total Company debt was $4,383 million with $1.5 billion in available liquidity.
- Sinclair Ventures made approximately $50 million in minority investments and received distributions of approximately $104 million in 2025.
3 days ago
Sinclair Updates on Scripps Merger Proposal
SBGI
M&A
Takeover Bid
- Sinclair, Inc. (SBGI) has continued to express its willingness to engage with The E.W. Scripps Company (SSP) regarding a proposed combination, but Scripps has refused these invitations.
- Sinclair's last proposal represents a premium of more than 240% over Scripps' unadjusted share price, with the cash portion alone offering a 32.7% premium.
- Sinclair believes this proposal is attractive to Scripps' shareholders and warrants engagement.
- The company will proceed with its previously announced strategic review of its Broadcast business and work related to the separation of Ventures.
Jan 16, 2026, 1:00 PM
SBGI Reports Strong Q3 2025 Results and Initiates Strategic Review of Broadcast Business
SBGI
Earnings
Guidance Update
M&A
- SBGI reported strong Q3 2025 results, with total revenue of $773 million and adjusted EBITDA of $100 million, exceeding guidance across all key metrics.
- The company provided Q4 2025 guidance for media revenue of $809 million-$845 million and consolidated adjusted EBITDA of $132 million-$154 million.
- A preliminary outlook for FY 2026 anticipates political advertising revenue of at least $333 million and flat to low single-digit core advertising revenue growth.
- SBGI launched a strategic review of its broadcast business and an evaluation of a potential separation of ventures to optimize value creation, citing an evolving regulatory landscape.
- The balance sheet was strengthened by redeeming the final $89 million of its 2027 notes, resulting in no material debt maturities until December 2029.
Nov 5, 2025, 9:30 PM
Sinclair reports Q3 2025 results, provides Q4 2025 guidance and 2026 outlook
SBGI
Earnings
Guidance Update
M&A
- Sinclair reported Q3 2025 Total Revenue of $773 million, approaching the high end of its guidance range, and Adjusted EBITDA of $100 million, exceeding its guidance.
- For Q4 2025, the company forecasts Total Revenue between $815 million and $851 million and Adjusted EBITDA between $132 million and $154 million.
- Sinclair's preliminary 2026 outlook anticipates record non-Presidential political revenue, flat to low single-digit core advertising growth, and approximately flat distribution revenue.
- The company has launched a comprehensive strategic review of its broadcast business and is working to separate Ventures. It also closed on 11 partner station acquisitions during Q3 2025.
- Sinclair redeemed $89 million of Senior Unsecured Notes due 2027 on October 6th.
Nov 5, 2025, 9:30 PM
Sinclair Reports Third Quarter 2025 Financial Results and Provides Outlook
SBGI
Earnings
Guidance Update
New Projects/Investments
- Sinclair reported Adjusted EBITDA of $100 million and a net loss of $1 million for the third quarter ended September 30, 2025, with core advertising revenue growing by $20 million year-over-year on an as reported basis.
- The company redeemed $89 million of its 5.125% Senior Unsecured Notes due 2027 on October 6, 2025.
- Sinclair expects Adjusted EBITDA between $132 million and $154 million for the fourth quarter ending December 31, 2025. The company also anticipates record mid-term political revenue in the upcoming cycle and expects at least $30 million in incremental annualized EBITDA from partner station transactions once finalized.
Nov 5, 2025, 9:10 PM
Quarterly earnings call transcripts for Sinclair.
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