---
schema_version: "secwatch.filing_event.v1"
accession: "0001971213-25-000033"
form_type: "8-K"
ticker: "SBGI"
cik: "0001971213"
company_name: "Sinclair, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T09:22:31.611419+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sinclair reports Q1 net loss $156M; adjusted EBITDA $112M, down 19% YoY

## Summary
- Total revenue $776M (-3% YoY); core advertising $292M (-2% YoY); distribution revenue $451M (+3% YoY).
- Net loss $156M vs net income $23M; diluted loss per share $2.30 vs EPS $0.35.
- Adjusted EBITDA $112M (-19% YoY), exceeded high-end of Q1 guidance range.
- Repurchased $66M par of 2027 notes for $62M cash in April; quarterly dividend $0.25/share maintained.
- Q2 guidance: total revenue $787-807M, adjusted EBITDA $91-107M; FY 2025 capex $83-86M.

## SEC filing metadata
- accession: 0001971213-25-000033
- form_type: 8-K
- ticker: SBGI
- cik: 0001971213
- company_name: Sinclair, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1971213/000197121325000033/0001971213-25-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912752/000197121325000033/sbgi-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001971213-25-000033
- JSON: https://secwatch.observer/filing/0001971213-25-000033.json
- Plain text: https://secwatch.observer/filing/0001971213-25-000033.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.