Sinclair Broadcast Group (SBGI)
NASDAQ:SBGI
Want to see SBGI full AI Analyst Report?
Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.22Last Year’s EPS
-0.91Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a constructive operational and financial picture: revenue and Adjusted EBITDA grew, core advertising and distribution trends improved, Tennis Channel showed strong audience and DTC momentum, and the company took concrete deleveraging actions while preserving $1.5 billion of liquidity. At the same time, management emphasized several risks: Tennis Channel profitability is being invested against, macro and geopolitical uncertainty has moderated advertiser visibility, regulatory and M&A timing risks from recent litigation exist, and absolute leverage remains elevated despite incremental improvement. On balance, the positives around execution, growth, and active balance-sheet management outweighed the noted risks.Company Guidance
Revenue and EBITDA Growth
Total revenue of $877 million, up 4% year over year; Adjusted EBITDA of $126 million, up 13% year over year, reflecting revenue strength and operating leverage.
Distribution and Retransmission Trends
Distribution revenue of $458 million, up 2% year over year; net retransmission revenue also increased year over year and management expects net retrans to grow over the long term.
Core Advertising and Digital Contribution
Core advertising revenue of $305 million, up 4% year over year, aided by strength in live sports and the Digital Remedy acquisition (closed in March) which contributed to digital revenue growth.
Tennis Channel Momentum (Audience and DTC)
Tennis Channel delivered its most-watched month (March 2026) with four of the top five all-time matches in March; household viewership increased ~19% year over year; record direct-to-consumer subscriber levels reported (management noted time spent up ~20% and subs up ~30% in prepared remarks).
Strategic Execution — Partner Buy-ins and Duopolies
Closed a substantial majority of JSA/LMA partner-station buy-ins and expect the full $30 million in annualized synergies in 2026; completed two accretive duopoly transactions (Providence and Tulsa) with additional portfolio activity underway.
Deleveraging Actions and Liquidity
Retired approximately $165 million of term loans via an unmodified reverse Dutch auction, expected to save about $12 million in annual cash interest; ended quarter with total debt of $4.4 billion, consolidated cash of $844 million and total liquidity of approximately $1.5 billion.
Ventures Cash Generation and Liquidity
Ventures generated $12 million of cash distributions in the quarter and ended the quarter with $451 million of cash and cash equivalents, providing optionality for separation planning and capital allocation.
Operational Metrics — Subscriber Churn Improvement
Overall subscriber churn in Q1 was mid-single digits with a >100 basis point sequential improvement in churn on the traditional MVPD side, driven by bundling strategies at major MVPDs.
SBGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SBGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $15.55 | ― | ― |
Feb 25, 2026 | $13.63 | $16.02 | +17.53% |
Nov 05, 2025 | $13.19 | $15.55 | +17.90% |
Aug 06, 2025 | $13.44 | $11.75 | -12.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sinclair Broadcast Group (SBGI) report earnings?
Sinclair Broadcast Group (SBGI) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is Sinclair Broadcast Group (SBGI) earnings time?
Sinclair Broadcast Group (SBGI) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SBGI EPS forecast?
SBGI EPS forecast for the fiscal quarter 2026 (Q2) is -0.22.