Sinclair Q4 Revenue Drops 16.7% to $836M, EPS Beats at $1.55
Sinclair’s Q4 CY2025 revenue fell 16.7% year-over-year to $836 million, aligning with forecasts, while GAAP EPS of $1.55 notably exceeded consensus (−$0.25 estimate). Adjusted EBITDA reached $168 million (20.1% margin), beating estimates, but the company’s full-year revenue guidance midpoint of $3.47 billion missed analysts’ projections by 0.8%.
1. Q4 Results
Sinclair reported Q4 CY2025 revenue of $836 million, down 16.7% year-over-year and matching analyst expectations. The company delivered GAAP EPS of $1.55 versus a consensus loss of $0.25 and generated $168 million in adjusted EBITDA, outperforming the $148.4 million forecast.
2. Operating Margin Contraction
Operating margin contracted to 9.6% in Q4, down from 26.5% a year earlier, as expenses rose faster than revenue. This decline underscores cost pressures and efficiency challenges in the current advertising environment.
3. Full-Year Guidance
Sinclair set its full-year 2026 revenue guidance midpoint at $3.47 billion, approximately 0.8% below Wall Street estimates. The guidance reflects expectations for modest growth in distribution and advertising revenue amid ongoing market headwinds.