GTNGray Media, Inc.

$475M

Q2 2020 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$451M-11.2% YoY

Gross Profit

$122M27.1% margin

Operating Income

$65M14.4% margin

Net Income

$11M2.4% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

-15.5%

Cash Flow

Operating Cash Flow

$176M

Free Cash Flow

$152M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$4.9B

Stockholders' Equity

$2.1B

Cash & Equivalents

$379M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$451M	$508M	-11.2%
Gross Profit	$122M	$185M	-34.1%
Operating Income	$65M	$119M	-45.4%
Net Income	$11M	$44M	-75.0%

Revenue Segments

Retransmission Consent

$220M33%

Advertising

$219M33%

Local Advertising

$162M24%

National Advertising

$36M5%

Political Advertising

$21M3%

Service, Other

$10M1%

Production Companies

$2M0%

GTN Q2 2020 Earnings — Gray Media, Inc. Revenue & Financial Results | Market Cap Arena