GTNGray Media, Inc.

$491M

Q2 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$813M-6.3% YoY

Gross Profit

$250M30.8% margin

Operating Income

$119M14.6% margin

Net Income

$4M0.5% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$47M

Free Cash Flow

-$56M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$10.8B

Total Liabilities

$8.1B

Stockholders' Equity

$2.7B

Cash & Equivalents

$36M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$813M	$868M	-6.3%
Gross Profit	$250M	$326M	-23.3%
Operating Income	$119M	$218M	-45.4%
Net Income	$4M	$99M	-96.0%

Revenue Segments

Retransmission Consent

$394M33%

Advertising

$391M32%

Core Advertising

$379M31%

Service, Other

$16M1%

Production Companies

$12M1%

Political Advertising

$12M1%

GTN Q2 2023 Earnings — Gray Media, Inc. Revenue & Financial Results | Market Cap Arena