SBGI Earnings Prediction
The chart below shows how SBGI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SBGI sees a +5.91% change in stock price 10 days leading up to the earnings, and a +2.79% change 10 days following the report. On the earnings day itself, the stock moves by -1.73%. This data can give you a slight idea of what to expect for the next quarter's release.
SBGI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.00B
21.55%
9.49%
Gross Margin
50.80%
24.14%
10.39%
Operating Margin
25.60%
153.67%
41.44%
Net Margin
17.83%
143.32%
70.30%
EPS
2.62
148.79%
85.82%
No Data Available
SBGI Earnings Analysis
Sinclair Inc Corporation (SBGI.O) Earnings Conference Call
Positive
Core Advertising Performance: Sinclair reported the strongest core advertising performance among broadcasting peers in 2024, showcasing its competitive edge in the market.
Record Political Advertising Revenue: The company achieved record-breaking political advertising revenues of $405 million, doubling the 2016 presidential year results, indicating strong political engagement and revenue potential.
Q4 2024 EBITDA Performance: Sinclair's adjusted EBITDA for Q4 2024 was $330 million, exceeding guidance by $5 million, reflecting effective cost management and revenue generation strategies.
Retransmission Consent Renewal Success: The company successfully renewed retransmission consent agreements for 80% of its traditional Big 4 subscriber base, enhancing revenue visibility for the coming years.
Strong Cash Inflows: Sinclair's Ventures Portfolio generated $209 million in cash inflows in 2024, indicating a strong repositioning towards majority-owned assets and potential for future growth.
Streaming Expansion Launch: The launch of the Tennis Channel DTC product marked a significant expansion into streaming, providing premium content to a broader audience.
Share Price Outperformance: Sinclair's share price has outperformed its publicly traded broadcast peers over the past two years, reflecting investor confidence and market strength.
Balance Sheet Refinancing: The company completed a comprehensive refinancing of its balance sheet, extending debt maturities and improving financial stability, positioning it well for future M&A opportunities.
Community Impact Initiatives: Sinclair's community impact initiatives in 2024 included over $24 million raised for charities and significant contributions in food and blood donations, highlighting its commitment to social responsibility.
Negative
Advertising Revenue Decline: Core advertising revenues declined by 9% year-over-year, primarily due to political crowd out and softness in macroeconomic sensitive categories.
Media Revenue Decline: First quarter 2025 media revenues are expected to be lower by 2% to 4% year-over-year, significantly impacted by lower political revenues in a non-election year.
Adjusted EBITDA Forecast: Adjusted EBITDA for the first quarter of 2025 is expected to be between $90 million to $102 million, down from $139 million in the previous year, reflecting the absence of political revenues.
Projected Cash Interest Expense Increase: Net cash interest expense is projected to increase by approximately $28 million in 2025, based on current interest rates and the recent refinancing, excluding non-recurring refinancing fees.
Cash Tax Payment Projections: The company anticipates cash tax payments of $216 million in 2025, largely driven by $170 million in payments associated with Diamond's emergence from Chapter 11 protection.
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SBGI Earning Call Sentiment
Sinclair, Inc. (SBGI) Q4 2024 Earnings Call Transcript
SBGI.O
3.2%Positive
The earnings call highlights strong financial performance with record political and distribution revenues, optimistic EBITDA guidance, and potential shareholder returns. Despite core advertising decline due to political crowd-out and macroeconomic pressures, the company is positioned for M&A and has reduced CapEx. The Q&A section indicates management's flexibility and confidence in future growth. While regulatory and economic risks exist, the overall sentiment remains positive due to strong revenue growth and shareholder-friendly actions.
