Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Q4 2022 Earnings Call Transcript

Chris Ripley: Yes. So yes, there’s a lot going on at tennis. International continues to expand, as I mentioned. We continue to enhance the programming. Direct-to-consumer will be also a 2024 event. And so you won’t see a financial benefit in tennis in 2023. A lot of those initiatives are still in investment mode, but we’re very bullish about tennis in the future as it expands globally as it gets more rights and it goes €“ and builds out its direct-to-consumer presence. Sorry, what was your second question again?

Dan Kurnos: I just wanted an update on Compulse, if you had it.

Chris Ripley: At Compulse, Compulse continues to grow nicely. We continue to mature the offering and enter into commercial relationships, which improved the business. This year will be €“ there’ll be a big focus on profitability. We do expect it to turn profitable in the back half of this year while still maintaining high growth. So we’re very pleased with the progress we’ve made in Compulse and getting it to a net contributor we think it’s going to be a very positive event later this year.

Steve Zenker: The one more thing on tennis as we continue to expand the folks, the major wheel of the tournaments, we expect to be launching in partnership with a leading e-tailer, white-label tennis shop in conjunction with Tennis Channel, that will allow us to be in the merchandising business as well.

Dan Kurnos: Got it. Awesome. Thanks for all the additional color. Really appreciate it.

Operator: Thank you. We have reached the time allotted for the call. And I will now turn the call over to Chris Ripley, President and Vice President, for closing remarks.

Chris Ripley: Thank you all for joining us today. If you should need more information or have additional questions, please don’t hesitate to give us a call.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.