GTN Q1 2023 Earnings — Gray Media, Inc. Revenue & Financial Results | Market Cap Arena

GTNGray Media, Inc.

$491M

Q1 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$801M-3.1% YoY

Gross Profit

$187M23.3% margin

Operating Income

$67M8.4% margin

Net Income

-$31M-3.9% margin

EPS (Diluted)

$-0.34

QoQ Revenue Growth

-25.3%

Cash Flow

Operating Cash Flow

$412M

Free Cash Flow

$302M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$10.8B

Total Liabilities

$8.1B

Stockholders' Equity

$2.7B

Cash & Equivalents

$56M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$801M	$827M	-3.1%
Gross Profit	$187M	$271M	-31.0%
Operating Income	$67M	$164M	-59.1%
Net Income	-$31M	$62M	-150.0%

Revenue Segments

Retransmission Consent

$395M34%

Advertising

$365M31%

Core Advertising

$357M31%

Production Companies

$22M2%

Service, Other

$19M2%

Political Advertising

$8M1%