GTNGray Media, Inc.

$475M

Q2 2018 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$250M+10.4% YoY

Gross Profit

$108M43.3% margin

Operating Income

$80M31.8% margin

Net Income

$41M16.3% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

+10.6%

Cash Flow

Operating Cash Flow

$83M

Free Cash Flow

$69M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$2.3B

Stockholders' Equity

$1.0B

Cash & Equivalents

$511M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$250M	$227M	+10.4%
Gross Profit	$108M	$93M	+16.4%
Operating Income	$80M	$143M	-44.1%
Net Income	$41M	$71M	-42.3%

Revenue Segments

Advertising

$161M39%

Local Advertising

$113M27%

Retransmission Consent

$85M21%

National Advertising

$30M7%

Political Advertising

$18M4%

Service, Other

$4M1%

GTN Q2 2018 Earnings — Gray Media, Inc. Revenue & Financial Results | Market Cap Arena