SBGI Q1 2024 Earnings — Sinclair, Inc. Revenue & Financial Results | Market Cap Arena

SBGISinclair, Inc.

$1B

Q1 2024 Earnings

Communication Services Entertainment

Income Statement

Revenue

$798M+3.2% YoY

Gross Profit

$296M37.1% margin

Operating Income

$42M5.3% margin

Net Income

$23M2.9% margin

EPS (Diluted)

$0.36

QoQ Revenue Growth

-3.4%

Cash Flow

Operating Cash Flow

-$4M

Free Cash Flow

-$25M

Stock-Based Comp.

$27M

Balance Sheet

Total Assets

$6.0B

Total Liabilities

$5.8B

Stockholders' Equity

$333M

Cash & Equivalents

$655M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$798M	$773M	+3.2%
Gross Profit	$296M	$341M	-13.2%
Operating Income	$42M	$21M	+100.0%
Net Income	$23M	$185M	-87.6%

Revenue Segments

Local Media Segment

$727M98%

Other Segments

$15M2%