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Sinclair Broadcast (SBGI)
NASDAQ:SBGI
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.73Last Year’s EPS
-2.3Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a generally constructive operational and strategic picture: core advertising showed clear momentum (Q4 core +14% as-reported) and management delivered above‑guidance quarterly and full‑year results while taking concrete steps to improve the balance sheet (refinancing, AR facility, $866M cash, ~$1.5B liquidity). Ventures generated meaningful cash and the company provided a confident 2026 guide (revenue $3.4B–$3.54B; adj. EBITDA $700M–$740M). Key risks remain cyclical political revenue variability (large Q4 YoY declines), elevated leverage (total net leverage ~5.3x) and distribution/MVPD churn, though management intends to use 2026 political cash and continued cost discipline to drive deleveraging. On balance, the positives around core business recovery, liquidity and a clear deleveraging plan outweigh the near-term cyclical and leverage headwinds.Company Guidance
Full-Year 2025 Financial Outperformance
Total revenue of $3.2 billion and adjusted EBITDA of $483 million for 2025, both above the midpoint of guidance, demonstrating full-year outperformance and cash generation.
Fourth Quarter Outperformance vs Guidance
Q4 2025 revenue of $836 million and adjusted EBITDA of $168 million, both above guidance (adjusted EBITDA exceeded the high end), reflecting stronger-than-expected quarter results.
Core Advertising Momentum
Core advertising grew 14% year-over-year in Q4 (5% pro forma year-over-year), with Local Media core advertising up 4% as-reported and 6% pro forma—underpinned by live sports and Digital Remedy contribution.
Ventures Liquidity and Realizations
Ventures generated $104 million of cash distributions in 2025 (including $75 million of exit proceeds) and ended the year with $465 million in cash, improving optionality for separation planning and capital allocation.
Balance Sheet and Liquidity Improvements
Completed comprehensive debt refinancing, retired final $89 million of 2027 notes, established a $375 million AR facility, ended year with $866 million consolidated cash and ~ $1.5 billion total liquidity; nearest material maturity pushed to December 2029.
Operational Progress and Synergies
Closed 15 partner station acquisitions and expect approximately $30 million of annualized run-rate synergies from JSA/LMA buy-ins by the second half of 2026, supporting long‑term earnings power.
Tennis Segment Strength
Tennis segment revenue increased to $62 million from $57 million (+~9%); core advertising +20%; direct-to-consumer subscribers +25%; minutes viewed +12%; adjusted EBITDA +10% to $21 million.
2026 Financial Guidance
Management guided 2026 total revenue $3.4B–$3.54B, core advertising $1.26B–$1.30B, distribution $1.72B–$1.79B, political advertising of at least $333M, and adjusted EBITDA $700M–$740M—signaling expected recovery and deleveraging focus.
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 |
|---|---|---|---|
Feb 25, 2026 | $13.86 | ― | ― |
Nov 05, 2025 | $13.41 | $15.81 | +17.91% |
Aug 06, 2025 | $13.67 | $11.95 | -12.56% |
May 07, 2025 | $14.91 | $14.20 | -4.81% |
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 May 13, 2026, Before Open (Confirmed).
What is Sinclair Broadcast (SBGI) earnings time?
Sinclair Broadcast (SBGI) earnings time is at May 13, 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 (Q1) is -0.73.