NASDAQ$SBGI
Sinclair Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a decrease in revenue and a net loss, but exceeded guidance on key financial metrics and repurchased debt.
Sinclair reported a decrease in total revenues by 9% to $767 million compared to the prior year period. The company experienced a net loss attributable to the Company of $46 million, a decrease from net income of $21 million in the prior year period. However, Sinclair met or exceeded guidance on all key financial metrics and repurchased approximately $64 million of principal value of debt since early June.
- Total revenues decreased 9% to $767 million.
- Core advertising revenues, excluding political revenues, were up 2%.
- Operating income was $37 million, a decline versus $154 million in the prior year period.
- Net loss attributable to the Company was $46 million compared to a net income of $21 million in the prior year period.
Headline financials
Revenue & EPS history
Sinclair · Revenue · Quarterly
$767M
Revenue by segment
Sinclair · $773M total across 3 segments · Q3 2023
- Local Media$697M—90.2%
- Tennis$59M—7.6%
- Other$17M—2.2%
Forward guidance
The Company currently expects to achieve the following results for the three months ending December 31, 2023 and the twelve months ending December 31, 2023.
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 Q3 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% | — | — |
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