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Sinclair Broadcast (SBGI)
NASDAQ:SBGI
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.62Last Year’s EPS
0.35Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 4.08%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Sinclair's strong performance in political advertising and successful distribution negotiations, alongside a comprehensive refinancing effort. However, challenges in core advertising revenue and ongoing negotiations with MVPDs present concerns. Despite these challenges, the company's strategic initiatives in NextGen broadcast and refinancing position it well for future growth.Company Guidance
During the Sinclair Fourth Quarter 2024 Earnings Conference Call, the company provided several key metrics and guidance for the upcoming period. Sinclair reported a record $405 million in political advertising revenues, doubling the results from the 2026 presidential year. The company's adjusted EBITDA for the fourth quarter was $330 million, surpassing the high end of their guidance range by $5 million. Distribution revenue also exceeded expectations with over 5% net retransmission growth year-over-year. For the first quarter of 2025, Sinclair anticipates media revenues to decline by 2% to 4% year-over-year, with core advertising expected to be down approximately 3% at the midpoint of their guidance range. However, distribution revenues are projected to grow by 4% year-over-year. Sinclair also highlighted the successful completion of a refinancing initiative, extending its debt maturities and reducing leverage, positioning the company well for potential M&A activity. The company expressed optimism about its future, citing a strengthened balance sheet and expected regulatory changes that could enhance growth opportunities.Record Political Advertising Revenues
Sinclair reported record-breaking political advertising revenues of $405 million in 2024, doubling the 2016 presidential year results.
Successful Distribution and Network Affiliation Agreements
Achieved over 5% net retransmission growth year-over-year in 2024 with successful renewals covering 80% of the Big 4 subscriber base.
Strong Adjusted EBITDA Performance
Fourth quarter adjusted EBITDA of $330 million exceeded guidance by $5 million.
Comprehensive Refinancing
Completed a comprehensive refinancing, resulting in an extended weighted average debt maturity of over six and a half years.
NextGen Broadcast and EdgeBeam Wireless
Joint venture with Scripps, Gray, and Nexstar for NextGen broadcast efforts expected to cover 98% of U.S. households.
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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 |
|---|---|---|---|
| Feb 26, 2025 | $14.20 | $13.63 | -4.01% |
| Nov 06, 2024 | $16.87 | $16.41 | -2.73% |
| Aug 07, 2024 | $12.38 | $12.73 | +2.83% |
| May 08, 2024 | $12.42 | $15.21 | +22.46% |
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 May 07, 2025, TBA Not Confirmed.
What is Sinclair Broadcast (SBGI) earnings time?
Sinclair Broadcast (SBGI) earnings time is at May 07, 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 2025 (Q1) is -0.62.
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