Sinclair’s Q4 Revenue Misses Consensus Due to Cyber Incident, Absence of Political Revenue; Hikes Dividend

Sinclair’s Q4 Revenue Misses Consensus Due to Cyber Incident, Absence of Political Revenue; Hikes Dividend
The Sinclair Broadcast building sits in a buisness district in Hunt Valley, Md., on Oct. 12, 2004. William Thomas Cain/Getty Images
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Sinclair Broadcast Group Inc. reported a fourth-quarter FY21 revenue decline of 2 percent year-on-year to $1.48 billion, missing the consensus of $1.56 billion.

Lost revenues due to the cyber incident and the absence of political revenues in a non-political year affected the revenue growth.