Sinclair Broadcast Group(SBGI) - 2025 Q2 - Earnings Call Presentation

Financial Performance - Total advertising revenue for 2Q25 was $322 million, within the guidance range of $318-336 million[11] - Distribution revenue for 2Q25 was $434 million, slightly below the guidance range of $439-441 million[11] - Total media revenue for 2Q25 was $777 million, slightly below the guidance range of $778-798 million[11] - Adjusted EBITDA for 2Q25 was $103 million, above the mid-point of the guidance range of $91-107 million[11] - The company repurchased $81 million of 2027 notes for $77 million[11] Ventures Portfolio - Ventures received $6 million in cash distributions during 2Q25[12] - Ventures made incremental investments of approximately $11 million in 2Q25[12] - Ventures had $393 million in cash at quarter-end[12] - The total book value of non-EBITDA generating assets in the Ventures portfolio is $726 million[16] Strategic Initiatives - Sinclair acquired the remaining stake in Digital Remedy in March 2025 for approximately $30 million[15]