v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUE:        
Media revenue $ 833 $ 777 $ 1,634 $ 1,547
Non-media revenue 7 7 13 13
Total revenue 840 784 1,647 1,560
OPERATING EXPENSES:        
Media programming and production expenses 424 420 836 838
Media selling, general and administrative expenses 217 200 431 392
Amortization of program costs 18 17 36 36
Non-media expenses 13 13 28 24
Depreciation of property and equipment 26 24 52 50
Corporate general and administrative expenses 45 45 94 97
Amortization of definite-lived intangible assets 42 35 81 71
Loss on asset dispositions and other, net 5 9 12 17
Total operating expenses 790 763 1,570 1,525
Operating income 50 21 77 35
OTHER INCOME (EXPENSE):        
Interest expense including amortization of debt discount and deferred financing costs (80) (82) (165) (226)
Gain on extinguishment of debt 13 4 13 6
Loss from equity method investments (3) (1) (4) (7)
Other income (expense), net 55 (18) (23) (84)
Total other expense, net (15) (97) (179) (311)
Income (loss) before income taxes 35 (76) (102) (276)
INCOME TAX (PROVISION) BENEFIT (112) 14 46 60
NET LOSS (77) (62) (56) (216)
Net loss (income) attributable to the noncontrolling interests 1 (2) 0 (4)
NET LOSS ATTRIBUTABLE TO SINCLAIR $ (76) $ (64) $ (56) $ (220)
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR:        
Basic earnings per share (in dollars per share) $ (1.06) $ (0.91) $ (0.80) $ (3.20)
Diluted earnings per share (in dollars per share) $ (1.06) $ (0.91) $ (0.80) $ (3.20)
Basic weighted average common shares outstanding (in shares) 72,157 69,589 71,365 68,545
Diluted weighted average common and common equivalent shares outstanding (in shares) 72,157 69,589 71,365 68,545