Quarterly ResultMay 6, 2026, 12:17 PM
Sinclair Q1 Net Income $20M; Revenue $807M; EPS $0.28
AI Summary
Sinclair, Inc. reported a net income attributable to Sinclair of $20 million for the first quarter of 2026, a significant improvement from a net loss of $156 million in the prior year. Total revenue increased to $807 million from $776 million, while operating income rose to $27 million. The company also acquired non-license assets of KMYT and KOKI for $52 million and declared a quarterly dividend of $0.25 per share.
Key Highlights
- Net income attributable to Sinclair was $20 million, up from a $156 million loss year-over-year.
- Total revenue increased 4% to $807 million for the first quarter of 2026.
- Operating income rose 93% to $27 million compared to $14 million in Q1 2025.
- Basic earnings per share was $0.28, a significant improvement from $(2.30) in Q1 2025.
- Net cash flows from operating activities increased to $43 million from $5 million year-over-year.
- Acquired non-license assets of KMYT and KOKI in Tulsa, OK for $52 million in February 2026.
- Reclassified $122 million of FCC licenses to definite-lived intangible assets.
- Declared a quarterly dividend of $0.25 per share, payable June 9, 2026.