Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 917M | 10.6% |
| Gross Profit | 679M | 13.7% |
| Cost of Revenue | 238M | 2.6% |
| Operating expense | 738M | 3.5% |
| Net Income | 94M | 452.9% |
| EBITDA | 216M | 111.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.79B | 1.7% |
| Total Liabilities | 5.44B | 0.5% |
| Total Equity | 415M | 22.1% |
| Shares Outstanding | 66M | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 210M | 168.6% |
| Cash from investing | -24M | 142.9% |
| Cash from financing | -28M | 3.7% |
EPS
Financial Highlights for Sinclair Broadcast Group in Q3 '24
Sinclair Broadcast Group reported a revenue of 917M, which is a 10.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 679M, marking a 13.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 238M, a 2.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 738M, showing a -3.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 94M, showing a 452.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 216M, showing a 111.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Sinclair Broadcast Group with growth in revenue, gross profit, and net income.
