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Sinclair Reports Fourth Quarter 2024 Financial Results

1. SBGI reports record $405 million in political advertising revenue for 2024. 2. Fourth quarter operating income exceeded guidance, indicating strong financial performance.

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$14.4502/26 04:10 PM EDTEvent Start
$13.8702/27 11:14 PM EDTLatest Updated
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FAQ

Why Bullish?

The substantial increase in political advertising revenue suggests strong business momentum, potentially driving SBGI's stock price up. Historical trends indicate that increases in revenue, particularly in advertising, typically correlate with positive stock performance.

How important is it?

The article's focus on financial results and revenue growth indicates a significant impact on SBGI's valuation and market perception, which can drive stock interest among investors.

Why Long Term?

Continuous growth in political advertising revenue may enhance SBGI's market position and attract investment over time, similar to previous election cycles where strong advertising revenue positively impacted media stocks.

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DISCBSCMCSA
BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and twelve months ended December 31, 2024. Highlights: Comprehensive refinancing substantially completed in early 2025 Fourth quarter Operating Income and other key financial metrics exceeded guidance range Record full-year 2024 political advertising revenues of $405 million, a 16% increase over 2020 levels excluding the Georgia runoff of 2020 Formed EdgeBeam Wi.

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