v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUE:    
Media revenue $ 801 $ 770
Non-media revenue 6 6
Total revenue 807 776
OPERATING EXPENSES:    
Media programming and production expenses 412 418
Media selling, general and administrative expenses 214 192
Amortization of program costs 18 19
Non-media expenses 15 11
Depreciation of property and equipment 26 26
Corporate general and administrative expenses 49 52
Amortization of definite-lived intangible assets 39 36
Loss on asset dispositions and other, net 7 8
Total operating expenses 780 762
Operating income 27 14
OTHER INCOME (EXPENSE):    
Interest expense including amortization of debt discount and deferred financing costs (85) (144)
Gain on extinguishment of debt 0 2
Loss from equity method investments (1) (6)
Other expense, net (78) (66)
Total other expense, net (164) (214)
Loss before income taxes (137) (200)
INCOME TAX BENEFIT 158 46
NET INCOME (LOSS) 21 (154)
Net income attributable to the noncontrolling interests (1) (2)
NET INCOME (LOSS) ATTRIBUTABLE TO SINCLAIR $ 20 $ (156)
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR:    
Basic earnings per share (in dollars per share) $ 0.28 $ (2.30)
Diluted earnings per share (in dollars per share) $ 0.28 $ (2.30)
Basic weighted average common shares outstanding (in shares) 70,565 67,489
Diluted weighted average common and common equivalent shares outstanding (in shares) 70,820 67,489