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Sinclair Broadcast (SBGI)
NASDAQ:SBGI
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.7Last Year’s EPS
0.27Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 0.00%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
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
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.
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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 |
|---|---|---|---|
| May 07, 2025 | $15.69 | ― | ― |
| 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% |
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 Jul 30, 2025, TBA Not Confirmed.
What is Sinclair Broadcast (SBGI) earnings time?
Sinclair Broadcast (SBGI) earnings time is at Jul 30, 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 (Q2) is -0.7.
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