The earnings call presented a mix of both achievements and challenges. Sinclair highlighted strong core advertising performance, strategic partnerships, and successful refinancing efforts. However, challenges such as distribution revenue falling below expectations, reduced visibility due to macroeconomic uncertainties, and a decline in core advertising revenue were also noted. Despite these challenges, Sinclair's financial position remains strong, supported by lower cash tax payments and successful expense management.

Company Guidance -

Q2 2025

During Sinclair, Inc.'s First Quarter 2025 Earnings Conference Call, the company provided guidance highlighting several key metrics. Total media revenue was reported to be in line with expectations, driven by strong core advertising performances. Total advertising revenues met the guidance range, excluding the impact of an acquisition by Compulse. Distribution revenues increased by $15 million year-over-year, although they were $2 million below the guidance due to moderated subscriber churn improvements. Media expenses were better than expected, leading to adjusted EBITDA comfortably exceeding the high end of the guidance range. For the second quarter, media revenues are expected to be lower year-over-year due to significantly lower political revenues and some softness in core advertising categories. Local Media core advertising revenue is anticipated to decline by approximately 2% at the midpoint, while distribution revenues are expected to increase by 1% year-over-year. The consolidated adjusted EBITDA for the second quarter is projected to be between $91 million and $107 million. The company did not provide a full-year media expense line item due to reduced visibility amid macroeconomic and tariff-related uncertainties.

Strong Core Advertising Performance

Sinclair reported strong core advertising performance, with total advertising revenues within the guidance range despite macroeconomic uncertainties.

Distribution Revenue Increase

Distribution revenues increased by $15 million year-over-year, with Charter reducing video subscriber discounts by 55% year-over-year.

Successful Ventures Portfolio Transformation

The Ventures portfolio benefited from $10 million of cash distributions and invested $38 million, including $30 million for an acquisition by Compulse.

Tennis Channel and Strategic Partnerships

Jeff Blackburn was hired as Chairman and CEO of Tennis Channel, with Verizon announced as the first sponsor in a new comprehensive sponsorship package partnership.

Adjusted EBITDA Exceeds Guidance

Adjusted EBITDA exceeded the high end of the guidance range by approximately $9 million, driven by favorable SG&A and promotional expenses.

Strong Liquidity and Lower Cash Tax Payments

Sinclair forecasts much lower cash tax payments of $121 million, $95 million lower than prior guidance due to revised estimates.

Refinancing and Debt Repurchase

Completed comprehensive refinancing and repurchased $66 million of STG's 2027 notes at a discount.

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

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SBGI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2025	2025 (Q2)	-0.78 / -	0.27	―	―	―
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)
May 03, 2023	2023 (Q1)	-0.58 / 2.64	35.39	-92.54% (-32.75)

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
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%
Aug 07, 2024	$12.17	$12.51	+2.79%

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 Aug 06, 2025, Before Open (Confirmed).

What is Sinclair Broadcast (SBGI) earnings time?

Sinclair Broadcast (SBGI) earnings time is at Aug 06, 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 (Q2) is -0.78.

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