Sinclair, Inc. on Wednesday posted financial results for the second quarter (Q2) of the year that were something of a mixed bag, with its overall revenue declining 5 percent on a year-over basis.
The local media and national sports broadcaster pulled in $784 million in revenue during Q2, down from $829 million earned during the same period in 2024. The company cited ongoing challenges in the traditional TV advertising market among the reasons for the lower revenue, which was evaluated against a healthy political advertising season during the 2024 election.
Despite the revenue headwinds, adjusted earnings before interest and other factors (EBITDA) was $103 million, surpassing the midpoint of the company’s prior forecast.
Sinclair’s core advertising — which doesn’t include political revenue — actually increased 4 percent to $316 million. Overall revenue was down 4 percent, weighed by a lack of political ad spending in-between last year’s presidential election cycle and next year’s midterms.
Distribution revenue, the amount of money earned from cable and satellite retransmission fees, clocked in at $434 million, largely unchanged from Q2 2024.
Sinclair posted a net loss of $64 million, compared to a profit of $17 million last year.
“Sinclair delivered solid second quarter results, successfully navigating a challenging macroeconomic environment,” Chris Ripley, the CEO of Sinclair, said in prepared remarks on Wednesday.
During Q2, Sinclair appointed Narinder Sahai as its Executive Vice President and Chief Financial Officer and named Conrad Clemson the CEO of its data business Edgebeam Wireless. The company expanded its non-traditional broadcast segment, to include launching five new AMP sports podcasts focused on college football, the WNBA and other franchises.
The company’s local media operations also earned 208 journalism awards year-to-date, including 25 Edward R. Murrow regional honors.
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Editor’s note: An earlier version of this story erroneously reported Sinclair’s overall earnings during Q2 2024. Total revenue was $829 million during that period, not $777 million.
