Key Highlights

  • Sinclair (NASDAQ:SBGI) earned USD 43 million, which is USD 0.60 a share, and political ad sales alone came to USD 135 million, up from USD 6 million a year earlier.
  • Snap (NYSE:SNAP) moved to Net Income of USD 56 million from a USD 104 million loss, even though Advertising Revenue grew only 4% while other revenue climbed 84%.
  • News Corp (NASDAQ:NWS) saw its fiscal first quarter profit climb 43%, reaching USD 215 million, with a divestiture of REA India's leftover operations contributing to the result.
  • Lumen Technologies (NASDAQ:LUMN) narrowed its net loss to USD 265 million from USD 621 million while Operating Revenue fell 12% to USD 2.715 billion.

Sinclair (NASDAQ:SBGI): Political Money Almost Matches the Revenue Gain

Sinclair (NASDAQ:SBGI) lodged its quarterly filing on November 4, 2026, for the quarter that closed September 30. Overall revenue moved up USD 120 million, landing at USD 893 million compared with USD 773 million, and nearly all of the gain came from the local media division (calculated). Political ad income grew USD 129 million to USD 135 million, a rise the filing connects to 2026 being a midterm election year. Core advertising declined 4% to USD 258 million, and distribution income inched forward 1% to USD 373 million. Sinclair operates local television stations and a tennis operation. Operating Income climbed to USD 134 million from USD 58 million, while interest costs decreased to USD 79 million from USD 85 million. The Bottom Line came to USD 43 million, or USD 0.60 a share, versus a USD 0.02 per-share loss before. Political spending is concentrated in even years, so the increase is cyclical and should not be read as a permanent baseline. Cash of USD 659 million was on hand, and a USD 0.25 quarterly payout was declared in November. No guidance was offered.

Snap (NYSE:SNAP): Subscriptions and Tighter Spending Carry the Profit

Snap (NYSE:SNAP) shared third quarter 2026 figures on November 4, 2026. Sales increased 14% to USD 1,722 million from USD 1,507 million, sitting within the earlier forecast range of USD 1.70 billion to USD 1.74 billion. Ad income went up 4%, whereas other income surged 84%, powered by Snapchat+, Memories Storage and Lens+. Earnings flipped to USD 56 million, or USD 0.03 per diluted share, from a USD 104 million deficit, and adjusted EBITDA more than doubled to USD 383 million. Operating income stood at USD 76.7 million compared with a USD 128.4 million loss, because cost of revenue fell to USD 649 million from USD 674 million. Results through nine months still show a USD 196.4 million net loss, including USD 128.5 million in restructuring, so the quarter's profit does not yet carry over to the year. Guidance for the final quarter calls for USD 1.950 billion to USD 1.985 billion in revenue and USD 490 million to USD 525 million in adjusted EBITDA. Risks cited include soft advertising, rivals, significant interest payments and the pace of SPECS investment. Daily active users reached 495 million.

News Corp (NASDAQ:NWS): Dow Jones and REA Group Power a Strong Quarter

News Corp (NASDAQ:NWS) published results covering the three months that ended September 30, 2026, on November 4, 2026. Class B stock trades as NWS and Class A as NWSA, with both listed on Nasdaq. Revenue reached USD 2.28 billion, a 6% increase, and currency tailwinds contributed USD 43 million, or 2%. Net income hit USD 215 million, aided by a divestiture gain tied to REA India's leftover business, though a heavier tax bill offset part of it. Total Segment EBITDA grew 19% to USD 403 million. Dow Jones sales rose 8% to USD 630 million, Digital Real Estate Services EBITDA surged 34% to USD 212 million, and Book Publishing EBITDA advanced 29% to USD 75 million. Per-share earnings were USD 0.29 against USD 0.20, and the adjusted figure was USD 0.28 against USD 0.22. Weaker print ads pulled News Media EBITDA down 40% to USD 18 million. Free Cash Flow came in at negative USD 89 million, versus positive USD 4 million a year earlier. The release included no formal guidance.

Lumen Technologies (NASDAQ:LUMN): A Smaller Loss That Owes Nothing to Operations

Lumen Technologies (NASDAQ:LUMN) submitted its Quarterly Report on November 4, 2026. The net Deficit contracted to USD 265 million, or USD 0.26 per share, from USD 621 million, even though the operating deficit deepened to USD 167 million from USD 116 million. The improvement is explained by a drop in total other expense, net, to USD 168 million from USD 697 million. Operating revenue slid 12% to USD 2.715 billion following the February 2, 2026 disposal of the Mass Markets Fiber-to-the-Home unit in 11 states to an AT&T subsidiary. Strategic Business revenue expanded 10% to USD 1.279 billion, while Legacy revenue contracted 17% to USD 1.067 billion. Adjusted EBITDA, a non-GAAP measure, was USD 521 million versus USD 571 million. Level 3 Communications bought Alkira on July 1, 2026 for USD 485 million in cash. Liquidity held USD 978 million in cash against USD 13.3 billion of total debt, of which USD 2.4 billion floats without a hedge. Nine-month Operating Cash Flow declined to USD 2.812 billion from USD 4.176 billion. The reviewed material shows no guidance figures.

Where Things Stand

Sinclair (NASDAQ:SBGI) owes most of its improvement to political money, since that line grew by USD 129 million, more than the USD 120 million total revenue increase, while core ad sales fell 4%. Snap (NYSE:SNAP) generated profit through subscriptions and tighter costs, with ads rising just 4% and a nine-month deficit still recorded. News Corp (NASDAQ:NWS) combined growth at Dow Jones, REA Group and Book Publishing with a one-time divestiture gain, while its free cash flow turned negative. Lumen Technologies (NASDAQ:LUMN) shrank its deficit chiefly because other costs fell rather than because the core business got stronger. Watch Sinclair's fourth quarter political take, Snap's ad trajectory and SPECS outlays, News Corp's cash conversion and the Strategic revenue line at Lumen. No share price response is recorded in the materials.