Sinclair Q1 revenue $798M (+3% YoY), Adj. EBITDA $136M (+13%), beats guidance; settles DSG litigation

Sinclair, Inc.

2024-Q1 EPS reported $0.35 revenue$798,000,000

Total revenue $798M (+3% YoY); media revenue $792M; advertising revenue $321M (+4% YoY).
Adjusted EBITDA $136M (+13% YoY); operating income $42M ($48M ex-adjustments).
Settled all Diamond Sports Group litigation for $495M; net cost expected $250-325M after tax and other items.
Launched Broadspan datacasting platform; first commercial partner Edgio; NextGen now in 44 markets.
Pre-booked $77M political ad revenue for H2 2024 vs $21M in 2020; Q2 guidance $823-843M revenue.

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 0.9

Sinclair, Inc. reported the three months ended March 31, 2024 results: revenue $798 million, net income $23 million, EPS $0.35.

Period: the three months ended March 31, 2024
Revenue: $798 million
Net income: $23 million
EPS: $0.35
Result: reported results

Exact text from the filing

75% of the TV households in Sinclair's licensed footprint. Financial Results: Three Months Ended March 31, 2024 Consolidated Financial Results: • Total revenues increased 3% to $798 million versus $773 million in the prior year period. Media revenues increased 3% to $792 million versus $766 million in the prior year period. • Total advertising revenues of $321

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Sinclair, Inc. filing history →

Source: SEC EDGAR

accession 0001971213-24-000033

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