Gray Media, Inc. (NYSE: GTN) Surpasses Earnings Estimates but Misses on Revenue

• Gray Media, Inc. (NYSE: GTN) reported an EPS of -$0.23, beating the estimated EPS of -$0.47.
• The company's revenue of $782 million fell short of the expected $785.2 million.

GTN-A, a part of Gray Media, Inc. (NYSE: GTN), reported its earnings on May 8, 2025. The company, known for its broadcasting services, posted an earnings per share (EPS) of -$0.23, surpassing the estimated EPS of -$0.47. Despite this, its actual revenue of $782 million fell short of the expected $785.2 million.

Gray Media's financial results for the first quarter ending March 31, 2025, show a positive trend. The company exceeded its revenue guidance and kept operating expenses below projections. This marks the first year-over-year decrease in broadcasting operating expenses since the COVID-19 slowdown in 2020, as highlighted by the company's report.

The price-to-sales ratio of 0.11 indicates the stock is trading at a low price relative to sales. The enterprise value to sales ratio is 1.64, and the enterprise value to operating cash flow ratio is 7.94, reflecting the company's valuation in relation to cash flow. The debt-to-equity ratio of 1.94 shows a significant amount of debt compared to equity. The current ratio of 1.03 suggests a stable liquidity position, with slightly more current assets than liabilities.

Gray Media's efforts to enhance local content offerings, especially in sports broadcasting, and optimize its cost structure are evident. The company reduced its outstanding debt by $17 million, strengthening its balance sheet and increasing financial flexibility. These strategic moves aim to improve the company's overall financial health and market position.