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Convincing beats on both the top and bottom lines for its first quarter propelled Gray Media (GTN 15.73%) stock to a double-digit gain on Thursday. Investors piled into the company following the earnings report and left it with an impressive rise of nearly 19%.
Gray Media (GTN) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.49. This compares to earnings of $0.79 per share a year ago.
ATLANTA, May 08, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on June 30, 2025, to shareholders of record at the close of business on June 13, 2025.
ATLANTA, May 08, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray,” “Gray Media,” “we,” “us” or “our”) (NYSE: GTN) today announced its financial results for the quarter ended March 31, 2025, which included total revenues above the high end of our guidance for the quarter. Total operating expenses were also below our guidance for the quarter. Moreover, for the first time since the COVID slowdown in 2020, our broadcasting operating expenses declined in the first quarter of the year on a year-over-year basis. In addition, we reduced the outstanding principal amount of our outstanding debt by $17 million during the first quarter of this year.
An analyst's price-target cut was the news dinging Gray Media (GTN -2.91%) stock on the second trading day of the week. Even though that reduction wasn't dramatic, it nevertheless affected sentiment on Gray, and its share price dipped by almost 3%.
ATLANTA, May 05, 2025 (GLOBE NEWSWIRE) -- Gray Media and multiple Gray stations recently received honors from prestigious industry organizations, including the Radio Television Digital News Association, National Headliner Awards, The National Academy of Television Arts & Sciences, and the NAB Leadership Foundation.
In the most recent trading session, Gray Media (GTN) closed at $3.34, indicating a -0.3% shift from the previous trading day.
Zacks.com users have recently been watching Gray Media (GTN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Radio and television broadcast companies like NFLX, GTN, FOXA and TGNA benefit from higher content consumption and steady digital viewing despite intense competition for ad revenues.
In the latest trading session, Gray Media (GTN) closed at $3.26, marking a +1.88% move from the previous day.