0001971213-26-000022
SEC filingSinclair, Inc. reported Q1 2026 GAAP net income of $20 million and Non-GAAP Adjusted EBITDA of $126 million, reflecting a 4% revenue increase and 13% Adjusted EBITDA growth year-over-year, and reaffirmed full-year 2026 financial guidance.
Sinclair delivered a strong first quarter 2026, marked by a reversal from a $156 million net loss in Q1 2025 to $20 million in net income, driven by robust political advertising revenue—up 200% year-over-year to $18 million—and solid core advertising growth of 4%. Total revenue rose 4% to $807 million, supported by stable distribution revenue (+2% YoY) and record viewership across major live sports events, including the Super Bowl (second-largest U.S. telecast ever) and the Winter Olympics (most-watched since 2014). Tennis Channel’s March performance was a standout, delivering its most-watched month ever and four of its top-five matches of all time, contributing $20 million to Adjusted EBITDA. Segment-level results show Local Media generated $117 million of Adjusted EBITDA, while Tennis contributed $20 million and Other added $2 million. The Company reaffirmed its full-year 2026 guidance, citing positive momentum in ratings, subscriber trends, and digital advertising growth. On the balance sheet, Sinclair ended the quarter with $844 million in cash—including $451 million held by Sinclair Ventures—and $1.5 billion in total liquidity, while reducing term loan debt by $165 million at a discount in early April, saving $12 million annually in interest expense. Management emphasized continued execution on its broadcast business amid a politically and sports-heavy 2026, reinforcing confidence in the outlook.