Press release

Gray Television Posts Mixed Q3 Earnings: Will Q4 Revenue Come In Below Consensus?


Gray Television Inc (NYSE: GTN) reported third-quarter (Q3) FY23 sales fell 12% Y/Y to $803 million, beating the analyst consensus of $796.1 million.

Core Advertising Revenue in the quarter was $363 million, an increase of 1% Y/Y. 

Television stations' core advertising revenue increased 1% Y/Y, and the automobile advertising category rose 18% Y/Y in Q3. 

Total broadcasting expenses increased 4% Y/Y to $557 million.

Operating income decreased to $84 million from $245 million a year ago.

EPS loss of 57 cents missed the 

Full story available on Benzinga.com


Disclaimer: The views, recommendations, and opinions expressed in this content belong solely to the third-party experts. This site was not involved in the writing and production of this article.


Disclaimer Press Release Banner