earnings
confidence high
sentiment positive
materiality 0.75
Sinclair Q3 net income $94M, adj. EBITDA $249M (+72% YoY); political revs $138M record
Sinclair, Inc.
2024-Q3 EPS reported
$2.05
revenue$2,544,000,000
- Total revenues $917M (+20% YoY); core advertising $295M (+1%) despite record political year.
- Political revenue $138M in Q3, $406M YTD 2024; distribution revenue $434M (+5% YoY).
- Full-year 2024 adj. EBITDA guidance $860-$871M, implying 54-56% YoY growth.
- Net income $94M vs net loss $46M; diluted EPS $1.43 vs loss per share $0.74.
- Renewed retrans agreements covering 78% of Big 4 MVPD base; debt $4.13B, cash $536M.