The raised EBITDA and political revenue guidance are clear positives, but the lowered core advertising guidance and GAAP net loss create offsetting headwinds. Monitor next quarter for core advertising revenue trajectory and debt reduction progress.
Price Chart
Executive Summary
Sinclair reported Q2 2026 EPS of $0.28, a 191.8% beat vs consensus of $-0.30, on revenue of $840M (in line with $839.2M estimate). Total revenue grew 7% YoY and Adjusted EBITDA surged 45% to $149M, driven by $59M in political ad revenue (+883% YoY). The company raised full-year Adjusted EBITDA guidance to $730-760M and increased political revenue guidance 13% to at least $375M, but lowered core advertising guidance and reported a GAAP net loss of $76M due to a $112M income tax provision, creating a mixed picture for traders.
Key Financial Metrics
Key Facts
- Q2 2026 EPS $0.28 vs consensus $-0.30 (191.8% beat)
- Revenue $840M vs $839.2M estimate (in line)
- Total revenue +7% YoY; Adjusted EBITDA +45% YoY to $149M
- Political ad revenue $59M, up 883% YoY and 228% QoQ
- Full-year Adjusted EBITDA guidance raised to $730-760M (from $700-740M)
- Political revenue guidance raised 13% to at least $375M (from at least $333M)
- Core advertising guidance lowered to $1,220-1,280M (from $1,260-1,320M)
- GAAP net loss $76M due to $112M income tax provision
- Debt reduced by $320M in the quarter; total leverage 5.2x
- Quarterly dividend maintained at $0.25/share
Financial Impact
Q2 revenue $840M (+7% YoY), Adjusted EBITDA $149M (+45% YoY), GAAP net loss $76M vs $64M loss YoY
Risk Factors
- Core advertising revenue guidance lowered, signaling softness in non-political ad demand
- GAAP net loss of $76M driven by $112M income tax provision
- Total leverage at 5.2x remains elevated despite debt reduction
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3339624 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | Press Release | $12.64 $12.96 | ▲ +2.53% | ▲ +1.98% | $12.02 (−4.87%) |
Sep 25, 2026 4w ago | 144 | $12.78 $12.81 | ▲ +0.23% | ▲ +0.98% | $12.02 (−5.91%) |
Sep 16, 2026 5w ago | Press Release | $14.03 $13.61 | ▼ −2.99% | ▼ −4.13% | $12.02 (−14.29%) |
Aug 28, 2026 8w ago | 8-K | $14.10 $13.86 | ▼ −1.70% | ▼ −1.02% | $12.02 (−14.72%) |
Aug 10, 2026 10w ago | 144 | $13.67 $13.88 | ▲ +1.54% | ▲ +1.29% | $12.02 (−12.03%) |
Aug 10, 2026 11w ago | 144 | $13.76 $13.67 | ▲ +0.65% | ▲ +0.33% | $12.02 (+12.61%) |
Aug 5, 2026 11w ago | 8-K | $14.76 $14.20 | ▼ −3.79% | ▼ −4.41% | $12.02 (−18.53%) |
Aug 5, 2026 11w ago | Press Release | $14.76 $14.20 | ▼ −3.79% | ▼ −4.41% | $12.02 (−18.53%) |
Jul 2, 2026 16w ago | Court Ruling | $15.42 $15.14 | ▼ −1.82% | ▼ −2.69% | $12.02 (−22.02%) |
May 4, 2026 24w ago | 144 | $14.78 $14.83 | ▲ +0.34% | ▼ −1.05% | $12.02 (−18.64%) |
US Market Status
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