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0 0 0.00251889168765738 -0.00503778337531487 0.0125944584382872 0.0125944584382872 0.00755667506297224 0.00695214105793453
Stock impact report

Gray Media’s Fourth Quarter Financial Results Exceeded Expectations

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, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray,” “Gray Media,” “we,” “us” or “our”) (NYSE: GTN) today announced its financial results for the quarter ended December 31, 2024, which included revenues and expenses both finishing slightly better than guidance. For the full-year 2024, our portfolio of leading television stations earned $497 million of political advertising revenue, which we estimate to be the highest level of political advertising revenue among our peers, in total and on a per television household basis. Total operating expenses (before depreciation, amortization and loss on disposal of assets) in the fourth quarter of 2024 were $648 million, which was 2% below the low end of our previously announced guidance for the quarter. In addition, during 2024, we reduced the outstanding principal amount of our outstanding debt by $520 million, and we finished the year with a slightly lower Leverage Ratio, as defined in our Senior Credit Agreement, than we beg Show less Read more
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