The earnings call presented a mixed picture. While the company exceeded guidance on revenue and expenses, achieved significant political ad revenue, and made progress in debt reduction and local content expansion, it also faced challenges with revenue and EBITDA declines from the previous year, and uncertainty in core advertising due to macroeconomic factors.

Company Guidance -

Q2 2025

During the Gray Media Q1 2025 earnings call, CEO Hilton Howell announced that the company's results exceeded guidance on both revenues and expenses. Total revenue for Q1 2025 was $782 million, a 5% decrease from Q1 2024, but 1% above the high end of their guidance. Operating expenses were 1% below the low end of guidance. Despite a net loss of $9 million compared to a net income of $88 million in Q1 2024, the adjusted EBITDA was $160 million, marking a 19% decline. Gray Media continued deleveraging by reducing indebtedness by $17 million, finishing the quarter with a lower leverage ratio. The company extended its accounts receivable securitization facility and increased its revolver size, enhancing liquidity. Moreover, political ad revenue exceeded expectations at $13 million, significantly higher than the guided range of $2 million to $4 million. Gray Media's strategic focus on local content and sports broadcasting, along with various awards and recognitions, underscores its commitment to maintaining relevance and value in its markets.

Revenue and Expense Management

Total revenue for Q1 2025 was $782 million, which is 1% above the high end of the guidance. Operating expenses were 1% below the low end of previously announced guidance.

Political Advertising Revenue

Political ad revenue significantly exceeded expectations, reaching $13 million, well above the $2 million to $4 million guidance.

Debt Reduction and Financial Strategy

Reduced outstanding indebtedness by $17 million and improved the leverage ratio. Increased accounts receivable securitization facility by $100 million.

Local Sports and Content Expansion

Entered into new sports rights agreements, covering nearly 80% of markets, enhancing local content offerings.

Industry Recognition and Awards

Stations and personnel received national recognition, including Emmy nominations and the Service to America Award.

Assembly Studios Progress

Strong ratings for new productions like 'Beyond the Gates,' with continued interest from high-profile movie and streaming productions.

Gray Television (GTN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GTN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 08, 2025	2025 (Q2)	-0.34 / -	0.09	―	―	―
May 08, 2025	2025 (Q1)	-0.47 / -0.23	0.79	-129.11% (-1.02)
Feb 27, 2025	2024 (Q4)	1.26 / 1.59	-0.24	762.50% (+1.83)
Nov 08, 2024	2024 (Q3)	0.95 / 0.86	-0.57	250.88% (+1.43)	―
Aug 08, 2024	2024 (Q2)	0.09 / 0.09	-0.1	190.00% (+0.19)
May 07, 2024	2024 (Q1)	0.25 / 0.79	-0.48	264.58% (+1.27)	―
Feb 23, 2024	2023 (Q4)	-0.16 / -0.24	1.88	-112.77% (-2.12)	―
Nov 08, 2023	2023 (Q3)	-0.31 / -0.57	1.03	-155.34% (-1.60)	―
Aug 04, 2023	2023 (Q2)	-0.19 / -0.10	0.91	-110.99% (-1.01)	―
May 05, 2023	2023 (Q1)	-0.29 / -0.48	0.52	-192.31% (-1.00)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GTN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 08, 2025	$3.64	$4.26	+17.03%
Feb 27, 2025	$3.72	$3.74	+0.54%
Nov 08, 2024	$5.45	$4.03	-26.06%
Aug 08, 2024	$4.86	$4.15	-14.61%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Gray Television (GTN) report earnings?

Gray Television (GTN) is schdueled to report earning on Aug 08, 2025, Before Open (Confirmed).

What is Gray Television (GTN) earnings time?

Gray Television (GTN) earnings time is at Aug 08, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GTN EPS forecast?

GTN EPS forecast for the fiscal quarter 2025 (Q2) is -0.34.

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