Sinclair Broadcast Group (SBGI) Reports Q4 Loss of $1.18/sh

Sinclair Broadcast Group (NASDAQ: SBGI) reported Q4 EPS of ($1.18), versus $6.27 reported last year. Revenue for the quarter came in at $1.48 billion versus the consensus estimate of $1.56 billion.

Outlook:

The Company currently expects to achieve the following selected results for the three months ending March 31, 2022 and twelve months ending December 31, 2022.

The following expectations exclude any additional cyber incident costs beyond the $5 million incurred to date in 2022, and do not include the potential reimbursement of cyber insurance proceeds expected to be paid.

The Company is closely monitoring the impact of the COVID-19 pandemic on all aspects of its business, including how it has and will continue to impact its advertisers, distributors, and professional sports leagues. The Company is currently unable to predict the extent of the impact that the COVID-19 pandemic will have on its financial condition, results of operations and cash flows in future periods due to numerous uncertainties. For additional discussion of how the COVID-19 pandemic has impacted the Company’s business, please see the section titled The Impact of COVID-19 on our Results of Operations in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, which will be updated in the Company's Annual Report on Form 10-K for the year ended December 31, 2021.

For earnings history and earnings-related data on Sinclair Broadcast Group (SBGI) click here.

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