Sinclair Q4 net loss $341M on $826M revenue; core ad up 2%; DSG settlement accrual $495M

Sinclair, Inc.

2023-FY EPS reported -$4.46 revenue$3,134,000,000

Diluted loss per share $5.35 vs prior year EPS $0.79; total revenue down 14% to $826M.
Core advertising revenue (ex-political) rose 2% to $339M; political fell to $24M from $172M.
Adjusted EBITDA $181M, down 41% YoY; operating loss $386M includes $495M DSG litigation accrual.
Bankruptcy court approved DSG settlement; company repurchased $91M debt in 2023 at avg 19% discount.
Q1 2024 guidance: revenue $793-806M, Adj. EBITDA $128-139M; NextGen reaches 74% of footprint.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sinclair, Inc. reported financial results for the fourth quarter ended December 31, 2023.

Period: the fourth quarter ended December 31, 2023
Result: reported results

Exact text from the filing

Sinclair, Inc. (the "Company") announced via press release the Company’s financial results for the fourth quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0001971213-24-000009

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