Sinclair reports Q1 EPS 28c vs. ($2.30) last year

Reports Q1 revenue $807M, consensus $791.21M. “Sinclair (SBGI) continues to execute on its core broadcast business, with both ratings and subscriber trends showing positive momentum. Broadcast’s reach differentiation continues to drive record viewing levels continuing into a political- and sports-heavy 2026 for the industry. Live sports remained a key driver in the quarter, with the Super Bowl in February delivering the second-largest audience in U.S. television history and the Winter Olympics also delivering record viewing levels. Tennis Channel had its most-watched month ever in March, including four of the top-five most-watched matches in network history, and delivered record subscriber numbers for its Direct-to-Consumer product. Based on our first quarter results and current outlook, we are reaffirming our 2026 full year financial guidance.”