Sinclair Q2 2024 Earnings Report

Sinclair EPS Results

• Actual EPS: $0.27
• Consensus EPS: -$0.13
• Beat/Miss: Beat by +$0.40
• One Year Ago EPS: -$1.09

Sinclair Revenue Results

• Actual Revenue: $829.00 million
• Expected Revenue: $836.65 million
• Beat/Miss: Missed by -$7.65 million
• YoY Revenue Growth: +7.90%

Sinclair Announcement Details

• Quarter: Q2 2024
• Date: 8/7/2024
• Time: After Market Closes

Sinclair (NASDAQ:SBGI), a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free-over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs. This segment operates The Nest, a free over-the-air national broadcast TV network; Comet, a science fiction network; CHARGE!, an adventure and action-based network; and TBD, a multiscreen TV network. The Tennis segment offers Tennis Channel, a cable network which includes coverage of tennis' top tournaments and original professional sports, and tennis lifestyle shows; Tennis Channel International streaming service; Tennis Channel Plus streaming service; T2 FAST, a 24-hours a day free ad-supported streaming television channel; and Tennis.com and Pickleballtv. It also provides digital and internet solutions; and technical services, including the design and manufacture of broadcast systems. The company distributes its content through broadcast platforms and third-party platforms that consist of programming provided by third-party networks and syndicators, local news, and other original programming. Sinclair, Inc. was founded in 1971 and is headquartered in Hunt Valley, Maryland.