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Stock impact report

Gray Announces Third Quarter Financial Results, Additional Cost Containment Initiatives, and Approximately $500 Million of Full-Year 2024 Political Ad Revenue and Projected $500 Million Fu...

Gray Television, Inc. (GTN) 
Last gray television, inc. earnings: 2/27 06:30 am Check Earnings Report
US:NYSE Investor Relations: gray.tv/index.php?page=financial-reports
Company Research Source: GlobeNewswire
ATLANTA, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “Gray Media,” “we,” “us” or “our”) (NYSE: GTN) today announced a strong third quarter ended September 30, 2024. Gray also projected full-year 2024 political advertising revenue of $500 million, as well as full-year 2024 Net Debt reduction of $500 million. SUMMARY OF THIRD QUARTER RESULTS OPERATING HIGHLIGHTS: Total revenue in the third quarter of 2024 was $950 million, an increase of 18% from the third quarter of 2023.Core advertising revenue in the third quarter of 2024 was $365 million, an increase of 1% from the third quarter of 2023.Retransmission consent revenue in the third quarter of 2024 was $369 million, a decrease of 2% from the third quarter of 2023.Political advertising revenue in the third quarter of 2024 was $173 million, an increase of 565% from the third quarter of 2023.Total operating expenses (before depreciation, amortization and loss on disposal of assets) in the third quarter of 2024 wa Show less Read more
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