GTN Q3 2023 Earnings — Gray Media, Inc. Revenue & Financial Results | Market Cap Arena

GTNGray Media, Inc.

$491M

Q3 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$803M-11.7% YoY

Gross Profit

$228M28.4% margin

Operating Income

$84M10.5% margin

Net Income

-$40M-5.0% margin

EPS (Diluted)

$-0.57

QoQ Revenue Growth

-1.2%

Cash Flow

Operating Cash Flow

$106M

Free Cash Flow

$31M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$10.7B

Total Liabilities

$8.1B

Stockholders' Equity

$2.7B

Cash & Equivalents

$21M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$803M	$909M	-11.7%
Gross Profit	$228M	$356M	-36.0%
Operating Income	$84M	$245M	-65.7%
Net Income	-$40M	$108M	-137.0%

Revenue Segments

Advertising

$389M33%

Retransmission Consent

$378M32%

Core Advertising

$363M30%

Political Advertising

$26M2%

Production Companies

$20M2%

Service, Other

$16M1%