Sinclair Broadcast Group, LLC
For the period ended Sep 30, 2025. Filed Nov 7, 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.
Sep 30, 2025 · Filed Nov 7, 2025
SBGI$14.23+4.0%Stored close · as of Nov 9, 2026
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CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| REVENUE: | ||||
| Media revenue | $765 | $908 | $2,312 | $2,519 |
| Non-media revenue | 8 | 9 | 21 | 25 |
| Total revenue | 773 | 917 | 2,333 | 2,544 |
| OPERATING EXPENSES: | ||||
| Media programming and production expenses | 413 | 414 | 1,251 | 1,247 |
| Media selling, general and administrative expenses | 203 | 201 | 595 | 591 |
| Amortization of program costs | 21 | 18 | 57 | 55 |
| Non-media expenses | 12 | 14 | 36 | 39 |
| Depreciation of property and equipment | 25 | 26 | 75 | 76 |
| Corporate general and administrative expenses | 40 | 41 | 137 | 149 |
| Amortization of definite-lived intangible assets | 37 | 37 | 108 | 113 |
| Gain on asset dispositions and other, net | (36) | (13) | (19) | (11) |
| Total operating expenses | 715 | 738 | 2,240 | 2,259 |
| Operating income | 58 | 179 | 93 | 285 |
| OTHER INCOME (EXPENSE): | ||||
| Interest expense including amortization of debt discount and deferred financing costs | (85) | (78) | (311) | (230) |
| Gain on extinguishment of debt | — | — | 6 | 1 |
| (Loss) income from equity method investments | (2) | — | (9) | 92 |
| Other income (expense), net | 29 | 24 | (55) | 22 |
| Total other expense, net | (58) | (54) | (369) | (115) |
| Income (loss) before income taxes | — | 125 | (276) | 170 |
| INCOME TAX BENEFIT (PROVISION) | 1 | (29) | 61 | (30) |
| NET INCOME (LOSS) | 1 | 96 | (215) | 140 |
| Net income attributable to the noncontrolling interests | (2) | (2) | (6) | (6) |
| NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR | $(1) | $94 | $(221) | $134 |
| EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR: | ||||
| Basic earnings per share | $(0.02) | $1.43 | $(3.20) | $2.06 |
| Diluted earnings per share | $(0.02) | $1.43 | $(3.20) | $2.05 |
| Basic weighted average common shares outstanding (in thousands) | 69,660 | 66,355 | 68,921 | 65,570 |
| Diluted weighted average common and common equivalent shares outstanding (in thousands) | 69,660 | 66,526 | 68,921 | 65,709 |
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