Sinclair Q4 revenue $836M, core ad up 14%; FY2026 EBITDA guidance $700-740M

Sinclair, Inc.

2025-FY EPS reported -$1.61 revenue$3,169,000,000

Q4 total revenue $836M (down 17% YoY); core ad revenue $354M (+14% YoY); distribution revenue $438M (-1% YoY).
Q4 Adjusted EBITDA $168M vs $330M prior year; full-year 2025 EBITDA $483M; net loss attributable to Company $112M.
FY2026 guidance: consolidated revenue $3.4-3.54B; Adj EBITDA $700-740M; political ad revenue at least $333M (mid-term cycle).
Cash and liquidity: $866M cash + $612.5M revolver availability; total debt $4.38B; quarterly dividend of $0.25/share paid in Dec.
Closed 15 partner station acquisitions; received $86M distributions from investment portfolio in Q4 2025.

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