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Gray Television (GTN)
:GTN
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.44Last Year’s EPS
0.79Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -11.84%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in revenue growth, adjusted EBITDA, and debt reduction. However, challenges remain with core advertising revenues, particularly in the automobile sector, and with network affiliation fees. The company is optimistic about future opportunities in sports broadcasting and regulatory changes.Company Guidance
During the Gray Media 2024 Q4 earnings call, the company reported a total revenue of $1 billion for the quarter, marking a 21% increase from Q4 2023. Operating expenses were 2% below the low end of their guidance, and net income attributable to common stockholders was $156 million, compared to a net loss of $22 million in Q4 2023. Adjusted EBITDA rose by 86% to $402 million, primarily due to political advertising revenue. The company reduced its principal amount of debt by $278 million since October 1, 2024, and a total of $520 million for the year, surpassing their goal of $0.5 billion. Gray Media also highlighted a decrease in network affiliation fees for the first time, which they anticipate will continue. Looking forward to Q1 2025, the company expects core advertising revenue to decline by 7% to 8% compared to Q1 2024, influenced by political and economic uncertainty, the airing of the Super Bowl on FOX instead of CBS, and one less billing day due to Leap Day.Significant Revenue Growth
Total revenue in Q4 2024 was $1 billion, an increase of 21% from Q4 2023.
Substantial Increase in Adjusted EBITDA
Adjusted EBITDA for Q4 2024 was $402 million, an increase of 86% from Q4 2023.
Successful Debt Reduction
Reduced company's total principal debt by $520 million in 2024, exceeding the $0.5 billion goal.
New Programming and Partnerships
Premiered new shows like 'Grosse Pointe Garden Society' and 'Beyond the Gates,' and secured rights to broadcast Atlanta Braves games.
Strong Liquidity Position
Ended 2024 with $135 million in cash and a $680 million revolving credit facility available.
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GTN Earnings History
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
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GTN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $3.80 | $3.82 | +0.53% |
| Nov 08, 2024 | $5.56 | $4.11 | -26.08% |
| Aug 08, 2024 | $4.97 | $4.24 | -14.69% |
| May 07, 2024 | $6.19 | $6.23 | +0.65% |
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.
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FAQ
When does Gray Television (GTN) report earnings?
Gray Television (GTN) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Gray Television (GTN) earnings time?
Gray Television (GTN) earnings time is at May 08, 2025, TBA Not 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 (Q1) is -0.44.
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