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Sep 30, 2023
Sinclair Q3 2023 Earnings Report
Reported a decrease in revenue and a net loss, but exceeded guidance on key financial metrics and repurchased debt.
Key Takeaways
Sinclair reported a decrease in total revenues by 9% to $767 million compared to the prior year period. The company experienced a net loss attributable to the Company of $46 million, a decrease from net income of $21 million in the prior year period. However, Sinclair met or exceeded guidance on all key financial metrics and repurchased approximately $64 million of principal value of debt since early June.
Total revenues decreased 9% to $767 million.
Core advertising revenues, excluding political revenues, were up 2%.
Operating income was $37 million, a decline versus $154 million in the prior year period.
Net loss attributable to the Company was $46 million compared to a net income of $21 million in the prior year period.
Revenue by Segment
Forward Guidance
The Company currently expects to achieve the following results for the three months ending December 31, 2023 and the twelve months ending December 31, 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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