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Sinclair Broadcast (SBGI)
NASDAQ:SBGI
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.98Last Year’s EPS
-5.35Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -14.09%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with strong growth in political advertising and successful distribution renewals, offset by some challenges like late political ad cancellations affecting revenue targets. Overall, the company demonstrated resilience and adaptability in a dynamic market environment.Company Guidance
During the Sinclair Inc. Third Quarter 2024 Earnings Conference Call, the company provided several key metrics and guidance updates. The consolidated media revenues for Q3 were $908 million, marking a 20% increase compared to the previous year, mainly driven by record political advertising growth and a 5% rise in distribution revenues. Core advertising revenues grew by 1% year-over-year, despite the record political revenues. Adjusted EBITDA for the quarter was $249 million, within the guidance range, reflecting a 72% increase from the previous year. For Q4, Sinclair expects media revenues between $992 million and $1 billion, representing a 21% to 22% increase year-over-year. Political advertising revenue is projected to reach approximately $204 million for the quarter, contributing to a full-year political revenue of $406 million, a 16% increase from 2020. The company also reaffirmed its guidance for net retransmission revenue growth at a mid-single-digit CAGR from 2023 through 2025. Looking ahead, Sinclair remains optimistic about its strategic positioning and upcoming regulatory changes, which could facilitate industry consolidation and further growth.Core Advertising Revenue Growth
Core advertising revenues grew 1% year-over-year in Q3, marking a significant achievement during a period of record political advertising revenues.
Record Political Advertising Revenues
Political advertising revenues reached an all-time high for Q3 at $138 million, contributing to a 20% increase in consolidated media revenues compared to the previous year.
Successful Distribution Renewals
Distribution revenues were up 5% year-over-year, driven by successful multiyear carriage agreements covering 78% of Big 4 network MVPD subscribers.
Positive Adjusted EBITDA Growth
Adjusted EBITDA for Q3 increased by 72% compared to the previous year, reaching $249 million and reflecting strong revenue growth and cost management.
Expansion in Sports Content and Partnerships
New partnerships with NBA teams and successful launches of sports-related podcasts, enhancing content offerings and audience engagement.
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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
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SBGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $17.17 | $16.70 | -2.74% |
| Aug 07, 2024 | $12.60 | $12.95 | +2.78% |
| May 08, 2024 | $12.64 | $15.48 | +22.47% |
| Feb 28, 2024 | $13.81 | $13.87 | +0.43% |
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.
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FAQ
When does Sinclair Broadcast (SBGI) report earnings?
Sinclair Broadcast (SBGI) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Sinclair Broadcast (SBGI) earnings time?
Sinclair Broadcast (SBGI) earnings time is at Feb 26, 2025, TBA Not 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 2024 (Q4) is 1.98.
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