Gray Television (GTN) Tops Q1 EPS by 15c

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Go back to Gray Television (GTN) Tops Q1 EPS by 15c

Gray Reports Strong First Quarter Benefiting From Growth Strategy

May 6, 2022 6:00 AM EDT

ATLANTA, May 06, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray, we, us or our) (NYSE: GTN) today announced financial results for the first quarter ended March 31, 2022. Our total revenues of $827 million were strong as we begin an on-year of the two-year political advertising cycle. Importantly, our financial results exceeded our revenue and expense guidance issued for this quarter due in large part to faster than anticipated improvements in the operational performance across nearly all of our recently acquired television stations. In the first quarter of 2022 our core advertising revenue increased by 40%, our retransmission consent revenue... More