secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sinclair, Inc. (SBGI)
CIK:        0001971213
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001971213-24-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sinclair beats Q2 EBITDA guidance; raises 2024 political ad forecast to $385-410M
--------------------------------------------------------------------------------

- Q2 total revenues of $829M (+8% YoY); Adjusted EBITDA of $158M (+42% YoY and above guidance).
- Political advertising bookings as of Aug 1 total $146M for H2, vs $78M at same point in 2020.
- Full-year political advertising guidance raised to $385-410M (10-17% growth vs 2020 excl. Georgia runoff).
- Distribution revenue of $435M (+4% YoY); core advertising flat at $303M.
- Q2 diluted EPS $0.27 vs ($0.38) loss a year ago; net income $17M vs net loss $89M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1971213/000197121324000053/0001971213-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912752/000197121324000053/sbgi-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001971213-24-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer