Gray Media Announces Second Quarter Financial Results
Gray Media reported Q2 revenue of $839 million, exceeding the high end of guidance, with Adjusted EBITDA rising 27% year-over-year to $214 million. Political advertising revenue surged to $83 million, significantly ahead of the previous 'on-year' quarter, while the company also authorized a $250 million debt repurchase program to reduce leverage.
Key figures
- Eps
- 0.21
- Revenue
- 839000000
- Revenue Yoy
- 9%
- Adjusted ebitda
- 214000000
- Political ad revenue
- 83000000
- Core advertising revenue
- 357000000
- Total net leverage ratio
- 5.73
- Net retransmission revenue
- 150000000
AI analysis
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