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SBGI

Sinclair, Inc.

SBGI

Sinclair, Inc. • NASDAQ
$15.76 ▼ -0.25% (-0.04)
Market Cap $1.10 B
52w High $18.45
52w Low $11.89
Dividend Yield 1.00%
P/E -28.14
Volume 198.97K
Outstanding Shares 69.69M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $773M ▼ $302M ▼ $-1M ▲ -0.129% ▲ $-0.014 ▲ $205M ▲
Q2-2025 $784M ▲ $343M ▼ $-64M ▲ -8.163% ▲ $-0.92 ▲ $82M ▲
Q1-2025 $776M ▼ $344M ▲ $-156M ▼ -20.103% ▼ $-2.3 ▼ $25M ▼
Q4-2024 $1.004B ▲ $271M ▼ $176M ▲ 17.53% ▲ $2.65 ▲ $360M ▲
Q3-2024 $917M $324M $94M 10.251% $1.42 $266M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $526M ▼ $5.567B ▼ $5.291B ▼ $347M ▼
Q2-2025 $616M ▼ $5.67B ▼ $5.377B ▼ $361M ▼
Q1-2025 $631M ▼ $5.779B ▼ $5.411B ▲ $436M ▼
Q4-2024 $697M ▲ $5.885B ▲ $5.369B ▼ $583M ▲
Q3-2024 $536M $5.785B $5.436B $415M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1M ▲ $-36M ▼ $-28M ▼ $-26M ▲ $-90M ▼ $-58M ▼
Q2-2025 $-62M ▲ $122M ▲ $-23M ▲ $-114M ▼ $-15M ▲ $105M ▲
Q1-2025 $-101M ▼ $5M ▼ $-42M ▼ $-29M ▼ $-66M ▼ $-11M ▼
Q4-2024 $176M ▲ $198M ▼ $-9M ▲ $-28M $161M ▲ $175M ▼
Q3-2024 $96M $210M $-24M $-28M $158M $193M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Local Media Segment
Local Media Segment
 $1.68Bn ▲$690.00M ▼$680.00M ▼$670.00M ▼
Other Operating Segment
Other Operating Segment
 $60.00M ▲$20.00M ▼$50.00M ▲$50.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Sinclair’s income statement shows a business that is profitable again but still quite volatile. Revenue fell sharply a few years ago after major portfolio changes, then stabilized and ticked back up recently. Profitability has swung between large gains and losses, driven by one‑time events and restructuring, rather than a smooth trend. The most recent year looks healthier, with positive operating and net income, but the history suggests earnings can change direction quickly depending on advertising conditions, political cycles, and special items. Overall, the core business is functioning, yet the pattern is choppy rather than steady.

Balance Sheet

Balance Sheet The balance sheet has been cleaned up compared with several years ago, but it is still relatively stretched. Total assets and debt have both come down significantly, reflecting divestitures and de‑leveraging. Equity has moved from negative to modestly positive, which is an important improvement in financial footing. However, debt still represents a large claim on the business relative to equity, meaning leverage remains a key risk to monitor. Cash levels are stable but not especially large versus the size of the company, so balance‑sheet strength is better than before but not yet conservative.

Cash Flow

Cash Flow Cash generation is positive but not particularly strong. Operating cash flow has remained in the black each year, though it is lower now than at its peak, pointing to a slimmer cash cushion from day‑to‑day operations. Capital spending needs are relatively light, which helps free cash flow stay positive even in weaker years. That said, the margin for error is not huge, so unexpected hits to revenue or higher interest costs could pressure cash flows. The company appears able to fund its basic needs and some investment internally, but it does not have abundant excess cash flow given its debt load.

Competitive Edge

Competitive Edge Sinclair is one of the larger local TV broadcasters in the U.S., with broad household reach and a strong presence in local news. This scale supports bargaining power in negotiations with distributors and advertisers, and the local focus builds audience loyalty that is harder for national streaming platforms to fully replicate. The company also has exposure to premium sports content and operates multicast networks and a free streaming service, which diversify its audience and advertising base. At the same time, it operates in a structurally challenged industry facing cord‑cutting, shifting ad dollars to digital platforms, and intense competition for attention, so maintaining that competitive edge requires ongoing innovation and cost discipline.

Innovation and R&D

Innovation and R&D Sinclair is unusually aggressive on the technology front for a traditional broadcaster. It is a leading champion of the NextGen TV standard (ATSC 3.0), which could enable higher‑quality video, mobile reception, interactive services, and entirely new data‑delivery businesses. The company is experimenting with datacasting, mobile‑first broadcasting concepts, and a unified ad platform that sells across TV, digital, and streaming. It is also layering in AI‑assisted sales tools and exploring new revenue models through its Ventures portfolio. The opportunity is that these initiatives could open up new, higher‑margin income streams; the risk is that the industry’s adoption pace and the ultimate monetization of these technologies remain uncertain.

Summary

Sinclair today is a reshaped broadcaster: smaller and less leveraged than a few years ago, back to profitability, and actively pushing into new broadcast and data technologies. The financial statements show real progress in reducing balance‑sheet strain and generating positive free cash flow, but also a history of highly uneven earnings and ongoing reliance on a meaningful amount of debt. Competitively, the company benefits from scale, local news strength, and a mix of traditional and digital properties, yet it operates in a sector under long‑term structural pressure from streaming and digital advertising. The innovation agenda around NextGen TV, datacasting, and advanced advertising offers clear upside potential, but execution and timing are key uncertainties. Overall, Sinclair presents a mix of improved financial stability, significant technological ambition, and still‑elevated operational and industry risk.

NEWS

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November 17, 2025 · 7:40 AM UTC

Scripps responds to Sinclair share purchase

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November 5, 2025 · 4:02 PM UTC

Sinclair Declares $0.25 Per Share Quarterly Cash Dividend

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November 5, 2025 · 4:00 PM UTC

Sinclair Reports Third Quarter 2025 Financial Results

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October 9, 2025 · 1:00 PM UTC

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