Sinclair Broadcast Group (SBGI) Tops Q3 EPS by $1.03

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Go back to Sinclair Broadcast Group (SBGI) Tops Q3 EPS by $1.03

Sinclair Reports Third Quarter 2021 Financial Results

November 3, 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 nine months ended September 30, 2021.

Third Quarter Highlights

Consolidated total revenue of $1,535 million was flat to the third quarter of 2020. Consolidated operating income of $73 million, including $27 million of non-recurring costs for transaction and transition services, COVID, legal, and regulatory costs ("Adjustments"), increased compared to an operating loss in the third quarter of 2020 of $4,216 million, which included a $4,264 million impairment taken on the Local Sports... More