Sinclair Broadcast Group (SBGI) Tops Q2 EPS by 6c

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Go back to Sinclair Broadcast Group (SBGI) Tops Q2 EPS by 6c

Sinclair Reports Second Quarter 2021 Financial Results

August 4, 2021 7:30 AM EDT

BALTIMORE--(BUSINESS WIRE)-- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and six months ended June 30, 2021.

Second Quarter Highlights

Consolidated total revenue increased 26% to $1,612 million as compared to the second quarter of 2020. Consolidated operating loss of $178 million, including $35 million of non-recurring costs for transaction and transition services, COVID, legal, and regulatory costs ("Adjustments") decreased compared to operating income in the second quarter of 2020 of $492 million, which included $9 million of Adjustments. Excluding the... More