GTNGray Media, Inc.

$491M

Q1 2025 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$782M-5.0% YoY

Gross Profit

$185M23.7% margin

Operating Income

$92M11.8% margin

Net Income

-$9M-1.2% margin

EPS (Diluted)

$-0.23

QoQ Revenue Growth

-25.2%

Cash Flow

Operating Cash Flow

$132M

Free Cash Flow

$117M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$10.4B

Total Liabilities

$7.5B

Stockholders' Equity

$2.9B

Cash & Equivalents

$210M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$782M	$823M	-5.0%
Gross Profit	$185M	$219M	-15.5%
Operating Income	$92M	$124M	-25.8%
Net Income	-$9M	$88M	-110.2%

Revenue Segments

Retransmission Consent

$379M33%

Advertising

$357M31%

Core Advertising

$344M30%

Production Companies

$27M2%

Service, Other

$19M2%

Political Advertising

$13M1%

GTN Q1 2025 Earnings — Gray Media, Inc. Revenue & Financial Results | Market Cap Arena