Sinclair Broadcast Group, LLC
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
SBGI$14.23+4.0%Stored close · as of Nov 9, 2026
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CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| REVENUES: | ||||
| Media revenues | $777 | $819 | $1,547 | $1,611 |
| Non-media revenues | 7 | 10 | 13 | 16 |
| Total revenues | 784 | 829 | 1,560 | 1,627 |
| OPERATING EXPENSES: | ||||
| Media programming and production expenses | 420 | 425 | 838 | 833 |
| Media selling, general and administrative expenses | 200 | 194 | 392 | 390 |
| Amortization of program costs | 17 | 18 | 36 | 37 |
| Non-media expenses | 13 | 13 | 24 | 25 |
| Depreciation of property and equipment | 24 | 25 | 50 | 50 |
| Corporate general and administrative expenses | 45 | 50 | 97 | 108 |
| Amortization of definite-lived intangible assets | 35 | 38 | 71 | 76 |
| Loss on asset dispositions and other, net | 9 | 2 | 17 | 2 |
| Total operating expenses | 763 | 765 | 1,525 | 1,521 |
| Operating income | 21 | 64 | 35 | 106 |
| OTHER INCOME (EXPENSE): | ||||
| Interest expense including amortization of debt discount and deferred financing costs | (82) | (76) | (226) | (152) |
| Gain on extinguishment of debt | 4 | — | 6 | 1 |
| (Loss) income from equity method investments | (1) | 78 | (7) | 92 |
| Other expense, net | (18) | (42) | (84) | (2) |
| Total other expense, net | (97) | (40) | (311) | (61) |
| (Loss) income before income taxes | (76) | 24 | (276) | 45 |
| INCOME TAX BENEFIT (PROVISION) | 14 | (5) | 60 | (1) |
| NET (LOSS) INCOME | (62) | 19 | (216) | 44 |
| Net income attributable to the noncontrolling interests | (2) | (2) | (4) | (4) |
| NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR | $(64) | $17 | $(220) | $40 |
| EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR: | ||||
| Basic earnings per share | $(0.91) | $0.27 | $(3.20) | $0.61 |
| Diluted earnings per share | $(0.91) | $0.27 | $(3.20) | $0.61 |
| Basic weighted average common shares outstanding (in thousands) | 69,589 | 66,189 | 68,545 | 65,172 |
| Diluted weighted average common and common equivalent shares outstanding (in thousands) | 69,589 | 66,189 | 68,545 | 65,296 |
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