Sinclair Broadcast Group (SBGI) Q1 Revenue Misses Consensus

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Go back to Sinclair Broadcast Group (SBGI) Q1 Revenue Misses Consensus

Sinclair Reports First Quarter 2022 Financial Results

May 4, 2022 7:35 AM EDT

BALTIMORE--(BUSINESS WIRE)-- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three months ended March 31, 2022.

First Quarter Highlights:

Broadcast & Other advertising revenue increased 7% from the same period a year ago. Effective March 1, 2022, recapitalized debt obligations of Diamond Sports Group ("DSG"), a subsidiary of the Company, including raising additional capital, solidifying its capital position. In connection with the recapitalization, DSG agreed to changes to the composition of its Board of Managers, resulting in... More