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Sinclair Q3 revenue up 16%, beats analyst estimates

By Reuters News


Overview

  • U.S. diversified media company's Q3 revenue rose 16% yr/yr, beating analyst expectations

  • Q3 adjusted EBITDA more than doubled from a year ago

  • Company raised full-year 2026 adjusted EBITDA guidance


Outlook

  • Sinclair raises 2026 adj EBITDA guidance to $825 mln-$835 mln from $730 mln-$760 mln


Result Drivers

  • POLITICAL ADVERTISING - Co said record political advertising revenue, driven by battleground races and the overall political environment, boosted results

  • NETWORK AFFILIATION AGREEMENTS - Co said new agreements with ABC and CBS contributed to results

  • TENNIS CHANNEL GROWTH - Co said Tennis Channel saw increased engagement and subscriber growth, supporting distribution and core advertising revenue


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$893 mln

$871.41 mln (5 Analysts)

Q3 Adjusted EBITDA

$213 mln

Q3 Operating income

$134 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the broadcasting peer group is "buy."

  • Wall Street's median 12-month price target for Sinclair, Inc. is $17.00, about 26.2% above its November 3 closing price of $13.47


Reuters Recommended Reads

  • Nov 2 - Fox Q1 revenue rises 22%, beats estimates

  • Nov 3 - Comscore Q3 revenue falls after Movies business sale

  • Nov 3 - What you need to know about the 2026 US midterm elections


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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