Sinclair, Inc. (NASDAQ: SBGI) Q2 2025 Earnings | 08/07/2025

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Sinclair, Inc. reported its second-quarter 2025 financial results, delivering total revenues of $784 million, a 5.4% decline year-over-year and missing analyst estimates by 2.2%. Media revenues contributed $777 million, down from $819 million in Q2 2024. The company posted a GAAP net loss of $64 million, or $0.91 per diluted share, notably wider than the $0.78 loss expected by analysts and reflecting a 17% miss on EPS expectations. Adjusted EBITDA totaled $103 million, slightly below estimates, with a margin of 13.1%. Core advertising revenues grew by $13 million year-over-year, showing resilience amid a challenging macroeconomic environment, while total advertising revenues declined 6%. Distribution revenues were stable year-over-year. Sinclair’s operating income dropped to $21 million from $64 million in the prior year period, impacted by higher operating expenses and lower revenues. Operationally, Sinclair focused on expanding its non-traditional broadcast assets and digital platforms. Notable highlights include the rebranding of Compulse under the Digital Remedy name, ongoing growth in multicast network platforms delivering record viewership, and the launch of five new AMP sports podcasts, boosting the company's audio strategy. The company also made strategic acquisitions and license asset transactions to strengthen its broadcast footprint, including acquiring assets in South Bend, Omaha, Hazleton, High Springs, and Sioux City markets. Sinclair recently appointed Narinder Sahai as Executive Vice President and CFO and named Conrad Clemson CEO of its EdgeBeam Wireless joint venture. Financially, Sinclair repurchased $81 million in Sinclair Television Group notes due in 2027 for $77 million in cash and paid a quarterly dividend of $0.25 per share. Cash and cash equivalents stood at $616 million. Capital expenditures for the quarter were $17 million. Looking ahead, Sinclair provided Q3 2025 media revenue guidance of $744 million to $768 million and Adjusted EBITDA guidance between $71 million and $93 million. The company expressed optimism about regulatory deregulation that may accelerate industry opportunities but noted significant ongoing challenges including revenue and profitability declines. Risks mentioned involve macroeconomic headwinds impacting advertising revenues, intensified competition in media and broadcast sectors, and the operating cost structure pressures. About Inside Ticker: Inside Ticker delivers timely, in-depth financial news and earnings analysis to empower investors with actionable insights on global companies across sectors. For comprehensive video analysis and real-time updates, visit https://www.insideticker.com/. #SinclairInc #SBGI #Q22025 #Earnings #FinancialResults #Revenue #NetLoss #EPS #AdjustedEBITDA #AdvertisingRevenue #MediaRevenue #BroadcastMedia #DigitalRemedy #MulticastNetworks #SportsPodcasts #AssetAcquisitions #DebtRepurchase #Dividend #CashPosition #OperatingIncome #MediaIndustry #BroadcastExpansion #RegulatoryOutlook #MacroeconomicRisks #InvestorUpdates #MediaStrategy #InsideTicker #NASDAQ #Broadcasting #MediaAdvertising #SportsMedia #DigitalMedia #NextGenBroadcast #MediaGrowth #AudioStrategy #MediaInvestments #OperationalUpdates