Sinclair, Inc. (SBGI) Earnings
Sinclair, Inc. is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $-0.26. SBGI has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +112.2% over the last four).
| 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% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
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.