Sinclair Inc. (SBGI) saw its stock price surge 5.10% in Friday's pre-market trading session following the release of its third-quarter financial results. The media company reported mixed results, with revenue growth offsetting a small net loss.

According to the earnings report, Sinclair Inc. posted third-quarter revenue of $773 million. The company's media revenue increased by $29 million compared to the same period last year, primarily driven by higher advertising revenue following the acquisition of Digital Remedy. This growth in the core business appears to have resonated positively with investors, despite the company reporting a net loss of $1 million for the quarter.

While Sinclair Inc. faced some challenges, including a 3% decrease in distribution revenue for the quarter and increased media expenses related to the Digital Remedy acquisition, the market seems to be focusing on the company's revenue growth and its efforts to expand its advertising capabilities. The relatively small net loss of $1 million, compared to a $94 million profit in the same quarter last year, may have been viewed as a manageable setback in light of the company's strategic moves and revenue performance.