The earnings call presented a mix of positive developments and challenges. Key highlights included growth in core advertising revenue and multicast networks, strategic acquisitions, and favorable regulatory developments. However, there were challenges in distribution revenue and continued pressures on core advertising revenue. The sentiment is somewhat balanced but tilting slightly towards positive due to strategic growth initiatives and regulatory tailwinds.

Company Guidance

During Sinclair's Second Quarter 2025 Earnings Call, the company provided key financial guidance metrics and updates on their strategic initiatives. They reported a solid quarter despite macroeconomic challenges, with total advertising revenue falling within their guidance range and core advertising revenue increasing year-over-year. Distribution revenues were slightly below expectations due to slower growth from larger virtual MVPDs but remained flat compared to the previous year. Media expenses were lower than expected, resulting in adjusted EBITDA surpassing the midpoint of their guidance range. Sinclair's Ventures portfolio saw cash distributions of $6 million and investments of $11 million, with a cash balance of $393 million at quarter end. The company also highlighted their acquisition of Digital Remedy, which contributed $38 million in revenue and $7 million in adjusted EBITDA for the quarter. Looking ahead, Sinclair provided guidance for the third quarter, projecting consolidated media revenue between $744 million to $768 million and adjusted EBITDA ranging from $71 million to $93 million. They also revised their full-year cash tax expense guidance down to $46 million at the midpoint, reflecting a $74 million improvement from the previous quarter's guidance.

Core Advertising Revenue Increase

Core advertising revenue grew by $13 million year-over-year on an as-reported basis.

Record Growth in Multicast Networks

CHARGE!, Comet, ROAR show year-over-year growth of 21%, 17% and 40%, respectively, among total viewers in top 10 DMAs.

Digital Remedy Acquisition and Growth

Acquired the remaining 75% stake in Digital Remedy for approximately $30 million, now rebranded as Digital Remedy. It recorded $38 million of revenue and $7 million of adjusted EBITDA in Q2.

Strong Liquidity and Debt Management

Ended the quarter with a fully undrawn $650 million revolver and consolidated cash of over $616 million. Opportunistically repurchased approximately $81 million in face value of STG's 2027 notes for $77 million.

Positive Regulatory Developments

Eighth Circuit Court of Appeals vacated the SEC prohibition of owning 2 top 4 ranked TV stations in a local market, opening up more opportunities for growth.

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)	-0.93 / -	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 -0.93.

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