Earnings Releases·Nov 4, 2026, 4:04 PM ET

Sinclair, Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 total revenue rose 16% YoY to $893 million, while Adjusted EBITDA surged 113% to $213 million, driven by a 2,167% YoY increase in political advertising revenue to $136 million.
Full-year 2026 guidance was raised to $825–$835 million for Adjusted EBITDA and $3,530–$3,600 million for total revenue, with political ad revenue now estimated at a record $455 million.
The company retired $25 million of B7 term loan debt and terminated the remainder of the B3 term loan, maintaining a First Out First Lien Leverage Ratio of 1.7x and total liquidity of approximately $1.4 billion.
Strategic updates include new network affiliation agreements with ABC and CBS, a decision not to spin off the Ventures portfolio, and an ongoing evaluation of broadcast transactions.