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Stock impact report

Q1 Earnings Outperformers: Gray Television (NYSE:GTN) And The Rest Of The Broadcasting Stocks [Yahoo! Finance]

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: Yahoo! Finance
Today we are looking at Gray Television (NYSE:GTN) and the best and worst performers in the broadcasting industry. Broadcasting companies have been facing secular headwinds in the form of consumers abandoning traditional television and radio in favor of streaming services. As a result, many broadcasting companies have evolved by forming distribution agreements with major streaming platforms so they can get in on part of the action, but will these subscription revenues be as high quality and high margin as their legacy revenues? Only time will tell which of these broadcasters will survive the sea changes of technological advancement and fragmenting consumer attention. The 9 broadcasting stocks we track reported an ok Q1; on average, revenues missed analyst consensus estimates by 0.6%. while next quarter's revenue guidance was in line with consensus. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has b Show less Read more
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