Sinclair Q1 revenue rises 4%, beats analyst expectations

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

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

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