NASDAQ$SBGI
Sinclair Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported financial results, meeting or exceeding key financial metrics and completing holding company reorganization.
Sinclair reported a decrease in total revenues by 8% to $768 million, with a net loss attributable to the company of $89 million. The company met or exceeded guidance on all key financial metrics and finalized a reorganization to increase transactional flexibility.
- Total revenues decreased 8% to $768 million.
- Total advertising revenues decreased 16% to $309 million.
- Operating loss was $3 million, including Adjustments of $24 million.
- Net loss attributable to the Company was $89 million.
Headline financials
Revenue & EPS history
Sinclair · Revenue · Quarterly
$768M
Revenue by segment
Sinclair · $773M total across 3 segments · Q2 2023
- Local Media$699M—90.4%
- Tennis$60M—7.8%
- Other$14M—1.8%
Forward guidance
The Company currently expects to achieve the results for the three months ending September 30, 2023 and the twelve months ending December 31, 2023.
Tailwinds
- Advertising revenue for Q3 2023 is expected to be $291 million to $307 million.
- Distribution revenue for Q3 2023 is expected to be $408 million to $412 million.
- Other media revenue for Q3 2023 is expected to be $34 million.
- Total revenues for Q3 2023 are expected to be $742 million to $763 million.
- Adjusted EBITDA for Q3 2023 is expected to be $91 million to $109 million.
Headwinds
- Media programming & production expenses and media selling, general and administrative expenses for Q3 2023 are expected to be $593 million to $595 million.
- Non-media expenses for Q3 2023 are expected to be $17 million to $18 million.
- Program contract payments for Q3 2023 are expected to be $22 million.
- Corporate overhead for Q3 2023 is expected to be $33 million.
- Total capital expenditures for Q3 2023 are expected to be $30 million to $35 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+0.4%
Avg return
Earnings day
+1.2%
Avg return
5 days after
-0.2%
Avg return
30 days after
48%
31 / 64 earnings
Positive
+31.1%
Q3 2023
Best reaction
-16.1%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | -3.1% | -9.4% | |
| Q4 2025 | +17.9% | +10.3% | -5.2% | |
| Q3 2025 | +18.0% | +21.1% | +5.1% | |
| Q1 2025 | -4.7% | +1.6% | -16.1% | |
| Q4 2024 | -4.0% | -6.2% | +8.2% | |
| Q3 2024 | +1.1% | -2.3% | +8.0% | |
| Q2 2024 | +2.4% | -4.1% | +1.0% | |
| Q1 2024 | +22.0% | +12.8% | -6.5% | |
| Q4 2023 | +3.1% | -4.4% | -6.5% | |
| Q3 2023 | +31.1% | +32.8% | +24.9% | |
| Q2 2023 | -4.9% | -1.3% | -17.2% | |
| Q1 2023 | -16.1% | -12.5% | -20.4% | |
| Q4 2022 | -5.5% | -12.0% | -22.9% | |
| Q3 2022 | -5.5% | -4.6% | -1.2% | |
| Q2 2022 | +5.6% | +5.7% | +2.6% | |
| Q1 2022 | +1.4% | -2.7% | -0.7% | |
| Q4 2021 | -2.0% | +11.6% | +4.2% | |
| Q3 2021 | -3.9% | -5.0% | -9.9% | |
| Q2 2021 | +7.3% | +6.4% | +1.3% | |
| Q1 2021 | +5.0% | +6.1% | +6.5% | |
| Q4 2020 | -14.1% | -10.0% | -19.7% | |
| Q3 2020 | -4.1% | +4.4% | +47.1% | |
| Q2 2020 | -4.4% | -1.9% | -2.6% | |
| Q1 2020 | +4.4% | +7.1% | +61.1% | |
| Q4 2019 | -14.7% | -14.3% | -36.7% | |
| Q3 2019 | -1.3% | +2.3% | -15.4% | |
| Q2 2019 | -4.0% | -7.3% | -10.5% | |
| Q1 2019 | +0.4% | -4.8% | -15.7% | |
| Q4 2018 | +10.0% | +12.0% | +17.3% | |
| Q3 2018 | +3.9% | +2.3% | +0.3% | |
| Q2 2018 | +6.9% | +7.3% | +4.6% | |
| Q1 2018 | +8.2% | +10.8% | +9.0% | |
| Q4 2017 | -7.4% | -5.5% | -13.2% | |
| Q3 2017 | -3.3% | -4.4% | +6.9% | |
| Q2 2017 | -13.3% | -14.4% | -17.5% | |
| Q1 2017 | -4.2% | -5.8% | -11.9% | |
| Q4 2016 | +7.9% | +8.3% | +7.2% | |
| Q3 2016 | +1.9% | +4.7% | +30.0% | |
| Q2 2016 | +6.7% | +6.3% | +6.9% | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | +0.5% | — | — | |
| Q3 2015 | +4.5% | — | — | |
| Q2 2015 | -6.1% | — | — | |
| Q1 2015 | -2.7% | — | — | |
| Q4 2014 | +5.9% | — | — | |
| Q3 2014 | +1.8% | — | — | |
| Q2 2014 | +0.4% | — | — | |
| Q1 2014 | -2.3% | — | — | |
| Q4 2013 | +1.7% | — | — | |
| Q3 2013 | -0.2% | — | — | |
| Q2 2013 | -4.3% | — | — | |
| Q1 2013 | -0.3% | — | — | |
| Q4 2012 | -1.9% | — | — | |
| Q3 2012 | +1.1% | — | — | |
| Q2 2012 | -4.7% | — | — | |
| Q1 2012 | -2.0% | — | — | |
| Q4 2011 | +2.1% | — | — | |
| Q3 2011 | -0.4% | — | — | |
| Q2 2011 | -13.9% | — | — | |
| Q1 2011 | -3.0% | — | — | |
| Q4 2010 | -2.9% | — | — | |
| Q3 2010 | +0.2% | — | — | |
| Q2 2010 | +13.4% | — | — | |
| Q1 2010 | -7.7% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro