Sinclair Reports Third Quarter 2024 Financial Results
Sinclair Broadcast Group, Inc. - Class A (SBGI)
Last sinclair broadcast group, inc. - class a earnings: 2/26 07:30 am
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Source: Business Wire
BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and nine months ended September 30, 2024.Highlights:Solid third quarter results, with core advertising revenues growing by 1% year-over-year during a quarter with record political revenuesPolitical revenues of $138 million, a 31% increase over 2020 levels, which was impacted by $5 million of lost revenue due to late ad cancellations during the quarterApproximately $406 in 2024 political revenues, which reflects $26 million of lost revenue due to a late geographic shift of existing commitments to non-Sinclair marketsDistribution revenues in the third quarter up 5% year-over-year as 78% of our Big 4 network MVPD linear subscriber base are now subject to new retransmission consent agreements this yearThird Quarter adjusted EBITDA in-line with guidance rangeFull-year adjusted EBITDA guidance range reflects a year-over-year increase of 54% to 56%CEO Com
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- 11/6/24 - Beat
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Sec Filings
- 11/8/24 - Form 10-Q
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- SBGI's page on the SEC website