earnings
confidence high
sentiment neutral
materiality 0.70
Sinclair Q3 revenue down 9% to $767M, net loss $46M; core ad up 2%
Sinclair, Inc.
2023-Q3 EPS reported
$0.75
revenue$2,308,000,000
- Diluted loss per share $0.74 vs $0.32 EPS in prior year; Adjusted EBITDA $141M, down 29% YoY.
- Repurchased $64M principal of debt since June at 24% average discount to par.
- Political revenue hit record for non-election year; Q4 guidance $25-30M political ad revenue.
- Q4 guidance: total revenue $821-847M, Adjusted EBITDA $176-196M; FY2023 Adjusted EBITDA $545-564M.
- Expanded CW affiliation, renewed Comcast and Paramount carriage; launched new network 'The Nest'.