SBGI Q2 2023 Earnings — Sinclair, Inc. Revenue & Financial Results | Market Cap Arena

SBGISinclair, Inc.

$1B

Q2 2023 Earnings

Communication Services Entertainment

Income Statement

Revenue

$768M-8.2% YoY

Gross Profit

$327M42.6% margin

Operating Income

-$3M-0.4% margin

Net Income

-$89M-11.6% margin

EPS (Diluted)

$-1.39

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$80M

Free Cash Flow

$60M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$6.2B

Total Liabilities

$5.6B

Stockholders' Equity

$702M

Cash & Equivalents

$728M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$768M	$837M	-8.2%
Gross Profit	$327M	$403M	-18.9%
Operating Income	-$3M	$107M	-102.8%
Net Income	-$89M	-$11M	-709.1%

Revenue Segments

Other Segments

$47M77%

Local Media Segment

$14M23%