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Sinclair’s $807 Million Quarter: Live Sports, Politics & M&A Buzz Collide!

Sinclair Broadcast Group reported a solid first quarter for fiscal year 2026, reflecting stability in its core broadcast business alongside growth in its Tennis Channel segment. Total revenue increased 4% year-over-year to $807 million, while adjusted EBITDA grew 13% to $126 million, indicating improved operational leverage. This was supported by a 2% increase in distribution revenue driven by modest subscriber improvements among key multichannel video programming distributors (MVPDs) and benefits from partner station buy-ins. Core advertising revenue also grew 4%, bolstered by live sports events such as the Winter Olympics and NFL playoffs, as well as the addition of Digital Remedy, a programmatic digital advertising platform acquired in March 2025. The company’s political advertising outlook remains optimistic heading into a record midterm cycle, with strong anticipated demand supported by competitive races and Sinclair’s footprint in key battleground markets.