GTNGray Media, Inc.

$475M

Q1 2019 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$518M+128.9% YoY

Gross Profit

$127M24.5% margin

Operating Income

$40M7.7% margin

Net Income

-$18M-3.5% margin

EPS (Diluted)

$-0.18

QoQ Revenue Growth

+57.8%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$6M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$5.0B

Stockholders' Equity

$2.0B

Cash & Equivalents

$225M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$518M	$226M	+128.9%
Gross Profit	$127M	$77M	+65.8%
Operating Income	$40M	$50M	-20.1%
Net Income	-$18M	$20M	-190.2%

Revenue Segments

Advertising

$264M34%

Local Advertising

$211M27%

Retransmission Consent

$204M26%

National Advertising

$50M6%

Production Companies

$37M5%

Service, Other

$13M2%

Political Advertising

$3M0%

GTN Q1 2019 Earnings — Gray Media, Inc. Revenue & Financial Results | Market Cap Arena