Why Sinclair Stock Was Soaring Today [Yahoo! Finance]
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: Yahoo! Finance
Later in Thursday's session, CNBC reported that the company was considering selling about 30% of its broadcast stations. Sinclair delivers a strong profit Sinclair, which owns or has relationships with 185 television stations in 86 markets including all three major broadcast networks, said that revenue in its first quarter ticked up 3% to $798 million, which was just shy of estimates of $801.3 million. Advertising revenue in the quarter rose 4% to $321 million, though ad revenue was down 4% excluding political ads. Distribution revenue increased by 2% to $436 million. That growth translated into adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) increasing 13% to $136 million. This is a sign that Sinclair's mix of local broadcasting, regional sports, and streaming news content continues to deliver results. On the bottom line, earnings per share was $0.35, which easily beat expectations for a loss of $0.29. While the stock was up on the earnin
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News
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- Sinclair, Inc. (NASDAQ: SBGI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
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