Quarterly ResultApr 30, 2026, 04:01 PM
SBGI Q1 Revenue +4% to $807M; Adj EBITDA +13% to $126M
AI Summary
Sinclair, Inc. reported strong financial results for the first quarter of 2026, with Total Revenue increasing 4% year-over-year to $807 million and Total Adjusted EBITDA rising 13% to $126 million. The company also successfully retired $165 million of term loans at a discount, which is expected to save approximately $12 million in annual interest expense. Strong core advertising performance, record viewing for Tennis Channel, and stable distribution trends contributed to the positive results, leading the company to reaffirm its 2026 full-year financial guidance.
Key Highlights
- Total Revenue increased 4% year-over-year to $807 million in Q1 2026.
- Total Adjusted EBITDA increased 13% year-over-year to $126 million.
- Retired $165 million of term loans at a discount, saving approximately $12 million in annual interest expense.
- Ended Q1 with total liquidity of ~$1.5 billion, including $844 million in cash.
- Local Media segment reported $701 million in total revenue for Q1 2026.
- Tennis segment reported $70 million in total revenue for Q1 2026.
- Paid a quarterly cash dividend of $0.25 per share in March.
- Reaffirmed 2026 full-year financial guidance.