--- title: "Sinclair | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 807 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/284827950.md" datetime: "2026-04-30T20:13:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284827950.md) - [en](https://longbridge.com/en/news/284827950.md) - [zh-HK](https://longbridge.com/zh-HK/news/284827950.md) --- # Sinclair | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 807 M Revenue: As of FY2026 Q1, the actual value is USD 807 M, beating the estimate of USD 791.21 M. EPS: As of FY2026 Q1, the actual value is USD 0.28, beating the estimate of USD -1.0367. EBIT: As of FY2026 Q1, the actual value is USD 104 M. #### Consolidated Financial Results ##### Revenue - Total Revenue for 辛克莱广播集团 (Sinclair, Inc.) increased by 4% year-over-year (YoY) to $807 million for the three months ended March 31, 2026, compared to $776 million in the prior year period. - Distribution revenue was $458 million, a 2% increase YoY from $451 million. - Core advertising revenue increased by 4% YoY to $305 million, up from $292 million. - Political advertising revenue saw a significant 200% increase YoY, reaching $18 million, compared to $6 million in the same period last year. - Other media and non-media revenue was $26 million, a -4% decrease YoY from $27 million. ##### Profitability - Net income attributable to 辛克莱广播集团 (Sinclair, Inc.) was $20 million, a substantial improvement from a net loss of - $156 million in the prior year period. - Adjusted EBITDA increased by 13% YoY to $126 million, compared to $112 million in the previous year. - Operating income was $27 million, up from $14 million in the same period of 2025. - Net income was $21 million, compared to a net loss of - $154 million in the prior year. #### Segment Financial Results (Three Months Ended March 31, 2026) ##### Local Media Segment - Total revenue was $701 million. - Distribution revenue was $402 million. - Core advertising revenue was $261 million. - Political advertising revenue was $18 million. - Other media revenue was $20 million. - Media programming and production expenses totaled $382 million. - Media selling, general and administrative expenses were $171 million. - Operating income was $35 million. - Adjusted EBITDA was $117 million. ##### Tennis Segment - Total revenue was $70 million. - Distribution revenue was $56 million. - Core advertising revenue was $13 million. - Other media revenue was $1 million. - Media programming and production expenses totaled $30 million. - Media selling, general and administrative expenses were $19 million. - Operating income was $15 million. - Adjusted EBITDA was $20 million. ##### Other Segment - Total revenue was $46 million. - Core advertising revenue was $40 million. - Non-media revenue was $6 million. - Media selling, general and administrative expenses were $34 million. - Non-media expenses were $13 million. - Operating loss was - $10 million. - Adjusted EBITDA was $2 million. #### Balance Sheet and Cash Flow Highlights - Total Company debt stood at $4,376 million, all of which is indebtedness of STG. - Cash and cash equivalents were $844 million as of March 31, 2026, with $392 million from SBG and $451 million from Ventures. - Total liquidity, including $612.5 million of available borrowing capacity under its revolver, amounted to $1.5 billion. - Sinclair Ventures, LLC (Ventures) received distributions of approximately $12 million and ended the quarter with $451 million in cash. - The Company retired $165 million of term loans at a discount in early April, projected to save approximately $12 million in annual interest expense. - STG’s First Out First Lien Leverage Ratio was 1.5x (covenant <3.5x), and the Total Leverage Ratio was 5.1x (covenant <7.0x). - Capital expenditures for the first quarter of 2026 were $15 million. - Interest expense (net) was $75 million for the three months ended March 31, 2026. - The Company paid a quarterly cash dividend of $0.25 per share in March. #### Operational Metrics - The substantial majority of partner station acquisitions were closed, with an expectation of $30 million in annualized synergies in 2026. - Tennis Channel recorded its most-watched month ever in March 2026, including four of the top-five most-watched matches in network history, and achieved record subscriber numbers for its Direct-to-Consumer product. #### Outlook - 辛克莱广播集团 (Sinclair, Inc.) reaffirmed its 2026 full-year financial guidance, which was initially provided in February during the Company’s fourth-quarter earnings release. 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