Sinclair (SBGI) Q2 FY26 earnings call

Sinclair delivered a strong second quarter, driven by robust political advertising demand and continued distribution revenue growth, leading to an upward revision of full-year adjusted EBITDA guidance. The company made significant progress on deleveraging and anticipates a more constructive regulatory environment with the expected repeal of the national ownership cap, which could facilitate future M&A. Despite a softer core advertising market, the company is well-positioned for the second half with strong political momentum and valuable live sports programming.