Fri, May 9, 6:23 PM (14 days ago)
**Sinclair, Inc. (SBGI) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $776 million (down from $798 million in Q1 2024). - **Net Income:** -$156 million (down from $23 million in Q1 2024). - **Earnings per Share (EPS):** -$2.30 (down from $0.35 in Q1 2024). - **Cash Flow from Operations:** $5 million (up from -$4 million in Q1 2024). **Segment Performance:** - **Local Media:** Revenue down 5% to $694 million, operating income down 71% to $12 million. - **Tennis:** Revenue up 8% to $68 million, operating income down 10% to $18 million. - **Other:** Revenue up 150% to $21 million, operating loss down 67% to -$1 million. **Key Financial Metrics:** - **Gross Margin:** 18.6% (down from 21.5% in Q1 2024). - **Operating Margin:** -1.8% (down from 5.3% in Q1 2024). - **Net Margin:** -20.1% (down from 2.9% in Q1 2024). **Cash Flow:** - **Operating Cash Flow:** $5 million (up from -$4 million in Q1 2024). - **Investing Cash Flow:** -$42 million (down from $54 million in Q1 2024). - **Financing Cash Flow:** -$29 million (up from -$57 million in Q1 2024). **Debt and Liquidity:** - **Total Debt:** $4,166 million (up from $4,091 million in Q1 2024). - **Cash and Cash Equivalents:** $631 million (down from $697 million in Q1 2024). - **Working Capital:** $780 million (up from $746 million in Q1 2024). **Trends and Uncertainties:** - Political advertising revenue significantly decreased due to the off-year election cycle. - Distribution revenue increased due to contractual rate hikes. - Core advertising revenue decreased across most product categories. - The company completed a series of financing transactions to strengthen its balance sheet. **Future Operations Impact:** - The company expects to rely on cash on hand, operational cash flow, and borrowing capacity to meet liquidity needs. - Potential geopolitical and economic factors could impact liquidity and leverage ratios. - The company may explore additional financing or capital sources for long-term liquidity needs. **Note:** Amounts are usually in thousands, 000s.