GTN Q4 2023 Earnings — Gray Media, Inc. Revenue & Financial Results | Market Cap Arena

GTNGray Media, Inc.

$491M

Q4 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$864M-19.4% YoY

Gross Profit

$233M27.0% margin

Operating Income

$113M13.1% margin

Net Income

-$9M-1.0% margin

EPS (Diluted)

$-0.24

QoQ Revenue Growth

+7.6%

Cash Flow

Operating Cash Flow

$83M

Free Cash Flow

$23M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$10.6B

Total Liabilities

$8.0B

Stockholders' Equity

$2.6B

Cash & Equivalents

$21M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$864M	$1.1B	-19.4%
Gross Profit	$233M	$475M	-50.9%
Operating Income	$113M	$363M	-68.9%
Net Income	-$9M	$186M	-104.8%

Revenue Segments

Advertising

$837M33%

Core Advertising

$778M31%

Retransmission Consent

$743M30%

Political Advertising

$59M2%

Production Companies

$52M2%

Service, Other

$35M1%