Sinclair, Inc. (SBGI) Form 8-K — Aug 5, 2026
Sinclair, Inc. reported second quarter 2026 results on August 5, with total revenue of $840 million, up 7% year-over-year, and Adjusted EBITDA of $149 million, up 45%, driven by political advertising revenue of $59 million that surged 883% from a year ago as the 2026 midterm election cycle ramps up. Management raised full-year 2026 Adjusted EBITDA guidance to $730-$760 million from $700-$740 million and lifted political advertising revenue guidance 13% to at least $375 million, citing strong political momentum, record FIFA World Cup audiences across its FOX affiliate portfolio, and modest stabilization in traditional MVPD subscriber trends.
Key figures
- Revenue
- 840000000
- Guidance
- FY2026 Adjusted EBITDA raised to $730-$760 million (from $700-$740 million); political advertising revenue raised to at least $375 million (from at least $333 million); total revenue unchanged at $3,400-$3,540 million; core advertising guidance lowered to $1,220-$1,280 million (from $1,260-$1,320 million); net interest expense $290-$295 million; capex $75-$80 million
- Total Debt
- 4059000000
- Revenue Yoy
- 7%
- Cash Position
- 604000000
- Shares Outstanding
- 72263077
- Share Count
- 48,507,841 Class A and 23,755,236 Class B shares
- Capex Q2 2026
- $20 million
- Total Liquidity
- ~$1.4 billion ($604 million cash plus $763 million revolver and A/R facility capacity)
- Total Leverage Ratio
- 5.2x (covenant <7.0x)
- Debt Reduced In Quarter
- $320 million (including $150 million accounts receivable facility paydown)
- B7 Term Loan Retired July
- ~$25 million
- Adjusted EBITDA q2 2026
- $149 million, up 45% YoY (vs $103 million)
- First Out First Lien Leverage
- 1.8x (covenant <3.5x)
- Quarterly Dividend Per Share
- 0.25
- Political Ad Revenue q2 2026
- $59 million, up 883% YoY and up 9% vs 2Q22
- Distribution Revenue q2 2026
- $444 million, up 2% YoY
- Six Month Net Loss Attributable
- $56 million, down 75% from $220 million
- Core Advertising Revenue q2 2026
- $308 million, down 3% YoY
Price after filing
Close on the filing date to close N calendar days later (from $13.99). Historical, not a forecast.
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