secwatch.observer — SEC 8-K summary
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Issuer:     Sinclair, Inc. (SBGI)
CIK:        0001971213
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001971213-25-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1971213/000197121325000033/0001971213-25-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912752/000197121325000033/sbgi-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001971213-25-000033

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