Earnings ·
Sinclair reports Q3 adjusted EBITDA of $213 million, raises full-year guidance to $825M-$835M
SBGISinclair, Inc.
Sinclair reported third-quarter total revenue of $893 million and Adjusted EBITDA of $213 million, driven by a 55% year-over-year surge in political advertising revenue to $136 million. The company raised its full-year 2026 Adjusted EBITDA guidance to a range of $825 million to $835 million from the previous estimate of $730 million to $760 million, citing record demand from midterm elections and new network affiliation agreements with ABC and CBS. Additionally, Sinclair retired $25 million of term loan debt at a discount and ended the quarter with approximately $1.4 billion in total liquidity. The company operates broadcast television stations and media networks.