<span item_type="fundamental" item_id="01b01806665c77cbb2365f991e97229d" counter_id="ST/US/SBGI" env="prod"></span><span item_type="announcement" item_id="513566294685063809" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 776 M, beating the estimate of USD 775.9 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD -2.3.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Local Media</strong>: Total revenues for the Local Media segment were $694 million for the three months ended March 31, 2025, compared to $727 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/912752/000197121325000033/exhibit991-1q25pressreleas.htm"></span></li><li><strong>Tennis</strong>: Total revenues for the Tennis segment were $68 million for the three months ended March 31, 2025, compared to $63 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/912752/000197121325000033/exhibit991-1q25pressreleas.htm"></span></li><li><strong>Other</strong>: Total revenues for the Other segment were $21 million for the three months ended March 31, 2025, compared to $15 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/912752/000197121325000033/exhibit991-1q25pressreleas.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: The net loss attributable to Sinclair, Inc. was - $156 million for the three months ended March 31, 2025, compared to net income of $23 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/912752/000197121325000033/exhibit991-1q25pressreleas.htm"></span></li><li><strong>Operating Income</strong>: Operating income was $14 million for the three months ended March 31, 2025, compared to $42 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/912752/000197121325000033/exhibit991-1q25pressreleas.htm"></span></li><li><strong>Adjusted EBITDA</strong>: Adjusted EBITDA decreased 19% to $112 million from $139 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/912752/000197121325000033/exhibit991-1q25pressreleas.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Capital Expenditures</strong>: Capital expenditures for the first quarter of 2025 were $16 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/912752/000197121325000033/exhibit991-1q25pressreleas.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Distribution Revenue</strong>: Distribution revenue for the Local Media segment was $395 million for the three months ended March 31, 2025, compared to $384 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/912752/000197121325000033/exhibit991-1q25pressreleas.htm"></span></li></ul><h3>Outlook / Guidance</h3><p>Sinclair, Inc. expects total revenues for the three months ending June 30, 2025, to be between $787 million and $807 million, and for the twelve months ending December 31, 2025, non-media expenses are projected to be $46 million. The company anticipates net cash tax payments for the twelve months ending December 31, 2025, to range from $117 million to $124 million. Adjusted EBITDA for the three months ending June 30, 2025, is expected to be between $91 million and $107 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/912752/000197121325000033/exhibit991-1q25pressreleas.htm"></span></p>

Sinclair | 8-K: FY2025 Q1 Revenue Beats Estimate at USD 776 M