---
schema_version: "secwatch.filing_event.v1"
accession: "0001971213-25-000070"
form_type: "8-K"
ticker: "SBGI"
cik: "0001971213"
company_name: "Sinclair, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:25:42.489563+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sinclair Q3 2025 revenue $773M (-16% YoY), net loss $1M vs net income $94M; core ad revenue up $20M

## Summary
- Net loss of $1M vs net income of $94M in Q3 2024; Adjusted EBITDA $100M vs $249M YoY (-60%).
- Total revenue $773M (-16% YoY); media revenue $765M; advertising revenue $321M (down 26% on political comparison).
- Core advertising revenue grew $20M YoY to $315M; political revenue fell to $6M from $138M in 2024.
- Redeemed $89M of STG 5.125% Senior Unsecured Notes due 2027 on Oct 6; total debt $4.1B, liquidity $1.2B.
- Q4 2025 guidance: revenue $815-851M, Adjusted EBITDA $132-154M; prelim 2026 sees record mid-term political.

## SEC filing metadata
- accession: 0001971213-25-000070
- form_type: 8-K
- ticker: SBGI
- cik: 0001971213
- company_name: Sinclair, Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1971213/000197121325000070/0001971213-25-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912752/000197121325000070/sbgi-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001971213-25-000070
- JSON: https://secwatch.observer/filing/0001971213-25-000070.json
- Plain text: https://secwatch.observer/filing/0001971213-25-000070.txt

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