Gray Television (GTN) Tops Q4 EPS by 37c, Offers Q1 and FY Guidance

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Gray Reports Record Operating Results

February 27, 2020 6:30 AM EST

ATLANTA, Feb. 27, 2020 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray, we, us or our) (NYSE: GTN) today announces record results of operations for the fourth quarter ended December 31, 2019.

Highlights and Recent Developments:

Record Fourth Quarter Results - Our revenue for the fourth quarter of 2019 was $579 million, increasing $251 million, or 77%, from the fourth quarter of 2018, marking our highest ever quarterly revenue. Our net income for the fourth quarter of 2019 was $94 million. Our Broadcast Cash Flow was $229 million, increasing $57 million, or 33%, from the fourth quarter of 2018, making it our... More