Sinclair, Inc.SBGIEarnings & Financial Report
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
Revenue
$784.0M
Gross Profit
N/A
Operating Profit
$21.0M
Net Profit
$-64.0M
Gross Margin
N/A
Operating Margin
2.7%
Net Margin
-8.2%
YoY Growth
-5.4%
EPS
$-0.91
Financial Flow
Sinclair, Inc. Q2 2025 Financial Summary
Sinclair, Inc. reported revenue of $784.0M (down 5.4% YoY) for Q2 2025, with a net profit of $-64.0M (down 476.5% YoY) (-8.2% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $784.0M |
|---|---|
| Net Profit | $-64.0M |
| Gross Margin | N/A |
| Operating Margin | 2.7% |
| Report Period | Q2 2025 |
Revenue Breakdown
Sinclair, Inc. Q2 2025 revenue of $784.0M breaks down across 6 segments, led by Distribution Revenue at $380.0M (48.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Distribution Revenue | $380.0M | 48.5% |
| Core Advertising Revenue | $272.0M | 34.7% |
| Tennis Segment | $68.0M | 8.7% |
| Other | $37.0M | 4.7% |
| Other Media Non Media Revenuesand Intercompany Revenues | $21.0M | 2.7% |
| Political Advertising Revenue | $6.0M | 0.8% |
Sinclair, Inc. Revenue by Segment — Quarterly Trend
Sinclair, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Distribution Revenue and Core Advertising Revenue) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Distribution Revenue | $384.0M | $370.0M | $380.0M | $395.0M |
| Core Advertising Revenue | $312.0M | $269.0M | $272.0M | $271.0M |
| Tennis Segment | $62.0M | $67.0M | $68.0M | $68.0M |
| Other | $40.0M | $39.0M | $37.0M | — |
| Other Media Non Media Revenuesand Intercompany Revenues | $24.0M | $22.0M | $21.0M | $22.0M |
Sinclair, Inc. Annual Revenue by Year
Sinclair, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.2B |
| 2024 | $3.5B |
Sinclair, Inc. Quarterly Revenue & Net Profit History
Sinclair, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $836.0M | -16.7% | $109.0M | 13.0% |
| Q3 2025 | $773.0M | -15.7% | $-1.0M | -0.1% |
| Q2 2025 | $784.0M | -5.4% | $-64.0M | -8.2% |
| Q1 2025 | $776.0M | -2.8% | $-156.0M | -20.1% |
| Q4 2024 | $1.0B | — | $176.0M | 17.5% |
| Q3 2024 | $917.0M | +19.6% | $94.0M | 10.3% |
| Q2 2024 | $829.0M | +7.9% | $17.0M | 2.1% |
| Q1 2024 | $798.0M | — | $23.0M | 2.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $798.0M | $829.0M | $917.0M | $1.00B | $776.0M | $784.0M | $773.0M | $836.0M |
| YoY Growth | N/A | 7.9% | 19.6% | N/A | -2.8% | -5.4% | -15.7% | -16.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $6.04B | $5.69B | $5.79B | $5.88B | $5.78B | $5.67B | $5.57B | $5.95B |
| Liabilities | $5.77B | $5.41B | $5.44B | $5.37B | $5.41B | $5.38B | $5.29B | $5.58B |
| Equity | $333.0M | $340.0M | $415.0M | $583.0M | $436.0M | $361.0M | $347.0M | $443.0M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-4.0M | $-306.0M | $210.0M | $198.0M | $5.0M | $122.0M | $-36.0M | $98.0M |