GTN Q2 2025 Earnings — Gray Media, Inc. Revenue & Financial Results | Market Cap Arena

GTNGray Media, Inc.

$491M

Q2 2025 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$772M-6.5% YoY

Gross Profit

$189M24.5% margin

Operating Income

$82M10.6% margin

Net Income

-$56M-7.3% margin

EPS (Diluted)

$-0.71

QoQ Revenue Growth

-1.3%

Cash Flow

Operating Cash Flow

$31M

Free Cash Flow

$6M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$10.4B

Total Liabilities

$7.5B

Stockholders' Equity

$2.8B

Cash & Equivalents

$199M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$772M	$826M	-6.5%
Gross Profit	$189M	$247M	-23.5%
Operating Income	$82M	$152M	-46.1%
Net Income	-$56M	$22M	-354.5%

Revenue Segments

Advertising

$370M32%

Retransmission Consent

$369M32%

Core Advertising

$361M32%

Production Companies

$18M2%

Service, Other

$15M1%

Political Advertising

$9M1%