GTN Q2 2024 Earnings — Gray Media, Inc. Revenue & Financial Results | Market Cap Arena

GTNGray Media, Inc.

$491M

Q2 2024 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$826M+1.6% YoY

Gross Profit

$247M29.9% margin

Operating Income

$152M18.4% margin

Net Income

$22M2.7% margin

EPS (Diluted)

$0.09

QoQ Revenue Growth

+0.4%

Cash Flow

Operating Cash Flow

$18M

Free Cash Flow

-$11M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$10.6B

Total Liabilities

$7.9B

Stockholders' Equity

$2.7B

Cash & Equivalents

$75M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$826M	$813M	+1.6%
Gross Profit	$247M	$250M	-1.2%
Operating Income	$152M	$119M	+27.7%
Net Income	$22M	$4M	+450.0%

Revenue Segments

Advertising

$420M34%

Core Advertising

$373M30%

Retransmission Consent

$371M30%

Political Advertising

$47M4%

Production Companies

$18M1%

Service, Other

$17M1%