Gray Television, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 05, 2022 at 12:19 pm EDT
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Gray Television, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 13 million compared to USD 10 million a year ago. Revenue was USD 868 million compared to USD 547 million a year ago. Net income was USD 99 million compared to USD 39 million a year ago. Basic earnings per share from continuing operations was USD 0.92 compared to USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 0.91 compared to USD 0.27 a year ago.
For the six months, sales was USD 36 million compared to USD 24 million a year ago. Revenue was USD 1,695 million compared to USD 1,091 million a year ago. Net income was USD 161 million compared to USD 78 million a year ago. Basic earnings per share from continuing operations was USD 1.45 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 1.44 compared to USD 0.55 a year ago.
Gray Television, Inc. is a multimedia company that owns local television stations and digital assets in the United States. The Company operates through two segments: broadcasting and production companies. The broadcasting segment operates television stations in local markets in the United States. The production companies segment includes the production of television and event content. It serves approximately 113 television markets in the United States. Its portfolio includes approximately 79 markets with the top-rated television station and 102 markets with the first and/or second rated television station. It also owns video program companies Raycom Sports, Tupelo Media Group, PowerNation Studios, as well as the studio production facilities Assembly Atlanta and Third Rail Studios. Its network affiliations include the Big Four networks and many smaller networks. Its stations also provide content through digital platforms, including a local station Website and one or more digital apps.
GRAY TELEVISION, INC. 
