What Happened?

Shares of media broadcasting company Sinclair (NASDAQ: SBGI) jumped 14.5% in the morning session after it reported third-quarter 2025 results that surpassed Wall Street expectations. The company posted revenue of $773 million, and its GAAP loss per share of $0.02 was significantly narrower than the anticipated loss of $0.85 per share. While sales fell 15.7% from the previous year, the top-line result still edged out forecasts. Adding to the positive news, Sinclair's guidance for the upcoming fourth quarter also came in ahead of estimates. The company projected revenue of $833 million and adjusted EBITDA of $143 million at the midpoints, both figures topping analyst consensus. The better-than-expected results and upbeat forecast appeared to outweigh concerns over the year-over-year revenue decline.

Is now the time to buy Sinclair? Access our full analysis report here.

What Is The Market Telling Us

Sinclair’s shares are quite volatile and have had 18 moves greater than 5% over the last year. But moves this big are rare even for Sinclair and indicate this news significantly impacted the market’s perception of the business.

The previous big move we wrote about was 27 days ago when the stock dropped 3.7% on the news that President Trump threatened a 'massive increase in tariffs' on Chinese imports, reigniting fears of a renewed US-China trade war. The unexpected comments, made in response to Beijing's plans to tighten export controls on rare-earth minerals, reversed early market gains and sent major indices tumbling. Rare-earth minerals are crucial for components used in the electronics and automotive industries. The tech sector led the losses, with the tech-rich Nasdaq Composite falling 1.7%. The threat jolted Wall Street, sparking concerns that escalating trade tensions could disrupt global supply chains and increase costs for many technology companies that rely on components or manufacturing from China.

Sinclair is down 6.1% since the beginning of the year, and at $15.96 per share, it is trading 12.9% below its 52-week high of $18.32 from November 2024. Investors who bought $1,000 worth of Sinclair’s shares 5 years ago would now be looking at an investment worth $827.76.

P.S. In tech investing, "Gorillas" are the rare companies that dominate their markets—like Microsoft and Apple did decades ago. Today, the next Gorilla is emerging in AI-powered enterprise software. Access the ticker here in our special report.