Sinclair Q1 revenue rises 4%, beats analyst expectations

Sinclair

30/04/2026 21:09

Overview

U.S. media company's Q1 revenue rose 4% yr/yr, beating analyst expectations

Q1 adjusted EBITDA grew 13% yr/yr, driven by digital and core advertising gains

Company reaffirmed 2026 full-year financial guidance

Outlook

Sinclair reaffirms its 2026 full-year financial guidance issued in February

Result Drivers

DIGITAL ADVERTISING - Core advertising growth was driven by gains in digital, according to the company

LIVE SPORTS VIEWERSHIP - Major live sports events, including the Super Bowl and Winter Olympics, boosted viewership and contributed to results

TENNIS CHANNEL GROWTH - Tennis Channel posted its most-watched month ever in March, with record subscriber numbers for its direct-to-consumer product

Company press release: ID:nGNX692FyP

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$807 mln
$798.30 mln (4 Analysts)
Q1 EPS
$0.28
Q1 Adjusted EBITDA
$126 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the broadcasting peer group is "buy."

Wall Street's median 12-month price target for Sinclair Inc is $17.00, about 11.5% above its April 29 closing price of $15.25

The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)