The earnings call presented a balanced perspective with notable achievements in financial management and strategic acquisitions, offset by challenges in distribution revenue and core advertising declines. New leadership and regulatory tailwinds provide optimism for future growth, while current economic pressures and subscriber challenges present ongoing hurdles.

Company Guidance -

Q3 2025

During the Sinclair Second Quarter 2025 Earnings Conference Call, the company provided guidance on several key metrics. Core advertising revenue was projected to range between $303 million to $314 million, indicating some stabilization despite ongoing challenges in certain categories. Distribution revenue was anticipated to be slightly lower at the midpoint year-over-year, reflecting traditional MVPD subscriber churn and slower virtual MVPD growth. Adjusted EBITDA guidance for the third quarter was set between $71 million to $93 million, factoring in these revenue dynamics alongside operational efficiencies. The company also revised its full-year 2025 cash tax expense guidance to $46 million at the midpoint, a $74 million improvement driven by recent legislative changes. Sinclair's balance sheet remains robust, with a net leverage of 5.7x and a liquidity position including $616 million in cash, supporting strategic flexibility amid anticipated M&A activities.

Core Advertising Revenue Growth

Core advertising revenue was up year-over-year on an as-reported basis, indicating positive performance in the advertising segment despite macroeconomic challenges.

Successful Debt Management

Approximately $81 million in face value of STG's 2027 notes were repurchased for $77 million, showcasing effective debt management strategies.

Digital Remedy Acquisition

Acquired the remaining 75% stake in Digital Remedy, now rebranded from Compulse, for approximately $30 million. Digital Remedy is contributing to revenue growth and value creation.

Strong Financial Position

Sinclair ended the quarter with a fully undrawn $650 million revolver and consolidated cash of over $616 million, demonstrating strong liquidity.

Positive Regulatory Environment

The Eighth Circuit Court’s ruling vacated the prohibition of owning 2 top 4 ranked TV stations in a local market, providing future growth opportunities.

New Leadership Appointments

Introduction of Narinder Sahai as CFO and Conrad Clemson as CEO of EdgeBeam Wireless, both bringing experienced leadership to Sinclair’s strategic initiatives.

Sinclair Broadcast (SBGI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SBGI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	-0.85 / -	1.43	―	―	―
Aug 06, 2025	2025 (Q2)	-0.78 / -0.91	0.27	-437.04% (-1.18)
May 07, 2025	2025 (Q1)	-0.77 / -2.30	0.35	-757.14% (-2.65)
Feb 26, 2025	2024 (Q4)	2.00 / 2.61	-5.35	148.79% (+7.96)
Nov 06, 2024	2024 (Q3)	1.07 / 1.43	-0.74	293.24% (+2.17)
Aug 07, 2024	2024 (Q2)	-0.08 / 0.27	-1.38	119.57% (+1.65)
May 08, 2024	2024 (Q1)	-0.24 / 0.35	2.64	-86.74% (-2.29)
Feb 28, 2024	2023 (Q4)	0.51 / -5.35	0.79	-777.22% (-6.14)
Nov 01, 2023	2023 (Q3)	-0.53 / -0.74	0.32	-331.25% (-1.06)
Aug 02, 2023	2023 (Q2)	-0.57 / -1.38	-0.17	-711.76% (-1.21)

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
Aug 06, 2025	$14.13	$12.36	-12.53%
May 07, 2025	$15.42	$14.68	-4.80%
Feb 26, 2025	$13.95	$13.39	-4.01%
Nov 06, 2024	$16.58	$16.12	-2.77%

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 (SBGI) report earnings?

Sinclair Broadcast (SBGI) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Sinclair Broadcast (SBGI) earnings time?

Sinclair Broadcast (SBGI) earnings time is at Oct 29, 2025, 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 2025 (Q3) is -0.85.

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