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Gray Television (GTN)
:GTN
Earnings Data
Report Date
Aug 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.3Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 2.96%
|Next Earnings Date:Aug 01, 2025
Earnings Call Sentiment|Neutral
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
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.
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
GTN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $3.72 | $4.35 | +16.94% |
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% |
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 01, 2025, TBA Not Confirmed.
What is Gray Television (GTN) earnings time?
Gray Television (GTN) earnings time is at Aug 01, 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 (Q2) is -0.3.