Sinclair Broadcast Group (SBGI) Tops Q4 EPS by $1.26, Revenues In-Line
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Sinclair Reports Fourth Quarter 2020 Financial Results
February 24, 2021 7:30 AM ESTBALTIMORE--(BUSINESS WIRE)-- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and twelve months ended December 31, 2020.
Fourth Quarter Highlights:
Total revenue decreased 7% to $1,512 million as compared to the fourth quarter of 2019. Operating income of $625 million including $16 million of non-recurring costs for transaction, COVID, legal, litigation, and regulatory costs ("Adjustments"). Excluding the Adjustments, operating income of $641 million increased $319 million compared to the fourth quarter of 2019, which contained Adjustments of $45... More