GTN Q1 2024 Earnings — Gray Media, Inc. Revenue & Financial Results | Market Cap Arena

GTNGray Media, Inc.

$491M

Q1 2024 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$823M+2.7% YoY

Gross Profit

$219M26.6% margin

Operating Income

$124M15.1% margin

Net Income

$88M10.7% margin

EPS (Diluted)

$0.79

QoQ Revenue Growth

-4.7%

Cash Flow

Operating Cash Flow

$68M

Free Cash Flow

$34M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$10.7B

Total Liabilities

$8.0B

Stockholders' Equity

$2.7B

Cash & Equivalents

$134M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$823M	$801M	+2.7%
Gross Profit	$219M	$187M	+17.1%
Operating Income	$124M	$67M	+85.1%
Net Income	$88M	-$31M	+383.9%

Revenue Segments

Advertising

$399M33%

Retransmission Consent

$381M31%

Core Advertising

$372M30%

Political Advertising

$27M2%

Production Companies

$24M2%

Service, Other

$19M2%