SBGI
Sinclair, Inc.
Price as of Jul 20, 2026
SBGI earnings
Sinclair, Inc. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $-0.68 | $0.28 | +141.2% | $807M | +1.8% |
| Feb 25, 2026 | $-0.03 | $0.04 | +233.3% | $836M | +4.3% |
| Nov 5, 2025 | $-0.65 | $-0.02 | +96.9% | $773M | -8.0% |
| May 7, 2025 | $-1.78 | $-2.18 | -22.5% | $776M | +0.0% |
| Feb 26, 2025 | $1.99 | $2.61 | +31.2% | $1.0B | -0.1% |
| Feb 28, 2024 | $0.46 | $0.81 | +76.1% | $826M | -1.3% |
| Nov 1, 2023 | $-0.49 | $-0.30 | +38.8% | $767M | +1.6% |
| Aug 2, 2023 | $-0.58 | $-1.09 | -87.9% | $768M | +0.1% |
| May 3, 2023 | $-0.60 | $2.64 | +540.0% | $773M | -0.3% |
| Feb 22, 2023 | $0.42 | $0.79 | +88.1% | $960M | -2.2% |
| Nov 2, 2022 | $0.15 | $0.32 | +113.3% | $843M | — |
| Aug 3, 2022 | $-0.28 | $-0.03 | +89.3% | $837M | -0.3% |
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Delivered strong first quarter with consistency of broadcast business and growth potential of Tennis Channel. Closed majority of JSA and LMA partner-station buy-ins, expect $30 million annualized synergies in 2026. Completed accretive duopoly transactions. Strategic review of broadcast business ongoing. Ventures generated $12 million cash distributions, ended quarter with $451 million cash. Executed term loan retirement, saved $12 million in annual cash interest expense. Tennis Channel had historic March, record DTC subscribers, investing in content rights, DTC platform, etc. Core advertising grew 4%, benefiting from live sports.
Guidance
Reaffirming full-year 2026 guidance. Anchored by resilient revenue mix, strong midterm political revenue expectations, sports-heavy broadcast calendar headlined by World Cup, and continued cost discipline.
Segment performance
Total revenue of $877 million was up 4% year over year. Adjusted EBITDA of $126 million grew by 13%. Distribution revenue increased by 2% year over year. Core advertising grew 4% year over year. Local Media segment: total revenue of $701 million, distribution revenue $402 million, core advertising revenue $261 million, segment Adjusted EBITDA $117 million. Tennis segment: total revenue of $70 million, Adjusted EBITDA $20 million.
Risks & headwinds
Industry awaits FCC decisions. Recent California litigation involving Nexstar transaction introduces near-term uncertainty. Fragmentation of live sports programming causing customer frustration and risks to business model funding local news.
Analyst Q&A
Q: Steven Lee Cahall asked about Nexstar - TEGNA merger impact on Sinclair's M&A thinking and Scripps shareholder position.
A: Christopher S. Ripley said DOJ's expanded view of TV ad market is win, future transactions can mitigate risks, still Scripps' largest shareholder but moving forward with other opportunities.
Q: Aaron Watts asked about Local Media core advertising growth, 2Q tracking, war impact on bookings.
A: Robert D. Weisbord said sports-related in 4Q, still comfortable with full-year core guidance, watching headwinds.
Q: Analyst from Hover Research asked about subscriber trends quantification and net retrans outlook.
A: Christopher S. Ripley said mid-single digit churn, MVPD churn improved, expect net retrans growth long term.
Q: Benjamin Soff asked about strategies to mitigate future transaction challenges and appetite for station asset buys.
A: Christopher S. Ripley said setup different for future transactions, interested in duopolies for efficiency.
Q: Daniel Louis Kurnos asked about M&A timing, Tennis Channel as asset, World Cup impact.
A: Christopher S. Ripley and Robert D. Weisbord talked about M&A timing, leaning into Tennis Channel, bullish on World Cup.
Q: David Hamburger asked about Ventures separation contingency, capitalization, balance sheet loan buyback.
A: Christopher S. Ripley and Narinder Sahai talked about Ventures separation contingency, capitalization, loan buyback details.
Q: Analyst from Barclays asked about renewal contention and AI use.
A: Christopher S. Ripley and Narinder Sahai and Robert D. Weisbord talked about renewal not unusual, AI use in cost reduction and revenue growth.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-08-05.