Sinclair Q1 Revenue Up 4% to $807M, EBITDA Rises 13% to $126M
Sinclair reported Q1 revenue of $807 million, up 4% year-over-year, and delivered Adjusted EBITDA of $126 million, a 13% increase. Net income swung to $20 million from a $156 million loss, supported by $165 million debt retirement saving $12 million in annual interest and $844 million in cash liquidity.
1. Financial Highlights
Sinclair reported consolidated Q1 revenue of $807 million, up 4% year-over-year, and Adjusted EBITDA of $126 million, a 13% increase, while net income swung to $20 million from a $156 million loss in the prior year.
2. Balance Sheet and Liquidity
The company retired $165 million of term loans in early April, saving about $12 million in annual interest expense, and finished the quarter with total liquidity of approximately $1.5 billion, including $844 million in cash.
3. Segment and Tennis Channel Performance
Local Media distribution revenue rose 2% to $402 million and core advertising climbed 4% to $261 million, while Tennis Channel recorded its most-watched month in March and drove record subscriber numbers for its direct-to-consumer service.
4. Guidance and Synergies
Sinclair reaffirmed full-year 2026 guidance, highlighted expected $30 million in annualized synergies from completed station acquisitions, and noted strong political advertising growth of 200% to $18 million in the quarter.