Gray Media, Inc. (GTN)

Gray Media Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,549	3,644	3,281	3,676	2,413	2,381
Revenue Growth (YoY)	7.03%	11.06%	-10.75%	52.34%	1.34%	12.21%
Cost of Revenue	2,397	2,400	2,383	2,248	1,607	1,392
Gross Profit	1,152	1,244	898	1,428	806	989
Selling, General & Admin	102	101	110	101	86	63
Amortization of Goodwill & Intangibles	119	125	194	207	117	105
Operating Expenses	359	370	449	437	307	264
Operating Income	793	874	449	991	499	725
Interest Expense	-487	-485	-440	-354	-205	-191
Other Non Operating Income (Expenses)	113	114	5	-7	-3	-6
EBT Excluding Unusual Items	419	503	14	630	291	528
Merger & Restructuring Charges	-	-	-	-	-81	-1
Impairment of Goodwill	-	-	-16	-	-	-
Gain (Loss) on Sale of Investments	-135	-25	-29	-18	-	-
Gain (Loss) on Sale of Assets	-13	-20	-21	2	-42	29
Asset Writedown	-28	-	-27	-	-	-
Other Unusual Items	42	34	-3	-	-	-12
Pretax Income	285	492	-82	614	168	544
Income Tax Expense	85	117	-6	159	78	134
Net Income	200	375	-76	455	90	410
Preferred Dividends & Other Adjustments	52	52	52	52	52	52
Net Income to Common	148	323	-128	403	38	358
Net Income Growth	227.87%	-	-	405.56%	-78.05%	129.05%
Shares Outstanding (Basic)	96	95	92	92	95	96
Shares Outstanding (Diluted)	97	96	92	93	95	97
Shares Change (YoY)	3.21%	4.35%	-1.07%	-2.10%	-2.06%	-3.00%
EPS (Basic)	1.54	3.40	-1.39	4.38	0.40	3.73
EPS (Diluted)	1.53	3.36	-1.39	4.33	0.40	3.69
EPS Growth	1482.23%	-	-	982.50%	-89.16%	190.55%
Free Cash Flow	708	608	300	393	93	542
Free Cash Flow Per Share	7.34	6.33	3.26	4.23	0.98	5.59
Dividend Per Share	0.320	0.320	0.320	0.320	0.320	-
Gross Margin	32.46%	34.14%	27.37%	38.85%	33.40%	41.54%
Operating Margin	22.34%	23.98%	13.69%	26.96%	20.68%	30.45%
Profit Margin	4.17%	8.86%	-3.90%	10.96%	1.57%	15.04%
Free Cash Flow Margin	19.95%	16.68%	9.14%	10.69%	3.85%	22.76%
EBITDA	1,050	1,143	788	1,327	720	926
EBITDA Margin	29.59%	31.37%	24.02%	36.10%	29.84%	38.89%
D&A For EBITDA	257	269	339	336	221	201
EBIT	793	874	449	991	499	725
EBIT Margin	22.34%	23.98%	13.69%	26.96%	20.68%	30.45%
Effective Tax Rate	29.83%	23.78%	-	25.90%	46.43%	24.63%
Revenue as Reported	3,549	3,644	3,281	3,676	2,413	2,381

Updated Aug 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q