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Sinclair (SBGI)

Earnings summaries and quarterly performance for Sinclair.

Recent press releases and 8-K filings for SBGI.

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

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