Q1 2025 Gray Media Inc Earnings Call Transcript

May 8, 2025 / 05:00 PM GMT

Release Date Price: €3.3 (+2.48%)

Transcript 10-Q8-K

Key Points

Positve

Gray Media Inc (GTN) reported total revenue of $782 million for Q1 2025, which was 1% above the high end of their guidance.
The company successfully reduced its outstanding indebtedness by $17 million during the first quarter, improving its leverage ratio.
Political advertising revenue exceeded expectations, generating $13 million compared to the guidance of $2 to $4 million.
Gray Media Inc (GTN) continues to enhance its local content offerings, including new sports rights agreements covering nearly 80% of its markets.
The company's Assembly studios are hosting multiple high-profile productions, contributing to strong ratings and buzz across their CBS network stations.

Negative

Total revenue decreased by 5% compared to Q1 2024, and the net loss was $9 million compared to a net income of $88 million in the previous year.
Core advertising revenue for Q1 2025 was down 8% versus Q1 2024, impacted by macroeconomic conditions and high interest rates.
The automotive advertising category continues to face challenges, tracking down in high single digits due to economic uncertainty.
Despite cost containment initiatives, the company faces ongoing challenges in forecasting due to trade and tariff uncertainties.
The company's adjusted EBITDA decreased by 19% compared to Q1 2024, reflecting a challenging advertising environment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GTN.N - Gray Media Inc
Q1 2025 Gray Media Inc Earnings Call
May 08, 2025 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen, and welcome to the Gray Media Q1 earnings call. If you know you'd like to ask a question, you may join the queue at any time by pressing one on your telephone keypad.

Again, that's one to join the question queue.

And without further ado, I will now turn the program over to our Chairman and CEO, Mr. Hilton Howell Jr.

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Unidentified_2 [2]
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Thank you, operator. Good afternoon, everyone. As operator mentioned, this is Hilton Howard, Chairman and CEO of Gray Media, and I want to thank all of you for joining our first

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