Sinclair Reports First 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 months ended March 31, 2024.Highlights:Met or exceeded first quarter guidance on Revenue, Media Expenses and Adjusted EBITDALaunched NextGen data solutions platform, BroadspanSettled all Diamond Sports Group, LLC (DSG) related outstanding litigation claimsAs of May 1, the Company has pre-booked $77 million in political advertising for the second half of the year through Election Day; this compares to $21 million as of May 1, 2020 and $28 million as of May 1, 2022CEO Comment:"Sinclair delivered solid first quarter results, meeting guidance expectations in our local media segment and exceeding Adjusted EBITDA expectations at Tennis Channel in the quarter. Core advertising trends remain solid in most categories, with our effective yield management and sales training processes driving industry-leading core growth over the past several quarters. We have
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SBGI
Earnings
- 5/9/24 - Beat
SBGI
Sec Filings
- 5/16/24 - Form 3
- 5/10/24 - Form 10-Q
- 5/8/24 - Form 8-K
- SBGI's page on the SEC website