Fellow investors,
Here's a breakdown of Gray Television's $GTN (Gray Television Inc) revenue:
𝗢𝘃𝗲𝗿𝗮𝗹𝗹 𝗥𝗲𝘃𝗲𝗻𝘂𝗲:
* *Total revenue in Q3 2023: $803 million (down 12% YoY)
𝗞𝗲𝘆 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝘀𝘁𝗿𝗲𝗮𝗺𝘀:
* *Core advertising revenue: $363 million (excluding political)
* *Political advertising revenue: $26 million (down 82% YoY)
* *Retransmission consent revenue: $378 million (up 3%)
* *Production company revenue: $18 million
𝗖𝗼𝗿𝗲 𝗔𝗱𝘃𝗲𝗿𝘁𝗶𝘀𝗶𝗻𝗴 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 (𝗲𝘅𝗰𝗹𝘂𝗱𝗶𝗻𝗴 𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹):
* This segment represents national and local advertising on Gray's broadcast and digital platforms.
* It grew 1% YoY in Q3 2023, demonstrating stability despite economic challenges.
* Factors influencing core advertising revenue include economic conditions, competition from other media, and content offerings.
𝗣𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗔𝗱𝘃𝗲𝗿𝘁𝗶𝘀𝗶𝗻𝗴 𝗥𝗲𝘃𝗲𝗻𝘂𝗲:
* This segment represents revenue from political campaigns advertising on Gray's stations.
* It significantly declined (82% YoY) in Q3 2023 due to the off-election year.
* This segment typically fluctuates based on election cycles and candidate spending.
𝗥𝗲𝘁𝗿𝗮𝗻𝘀𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗖𝗼𝗻𝘀𝗲𝗻𝘁 𝗥𝗲𝘃𝗲𝗻𝘂𝗲:
* This segment represents fees paid by cable, satellite, and streaming providers to carry Gray's channels.
* It grew 3% YoY in Q3 2023, showing consistent growth and stability.
* Rising subscriber fees and new carriage agreements contribute to this segment's growth.
𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗥𝗲𝘃𝗲𝗻𝘂𝗲:
* This segment represents revenue from Gray's production company, Raycom Sports.
* It contributes a smaller portion of overall revenue but offers potential for diversification.
The company is expected to report its Q4 and Full Year 2024 results on 23rd February 2024.
Besides myself and my Copiers does anyone else owns this company?
𝗣.𝗦. 𝗙𝗼𝗹𝗹𝗼𝘄 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝘂𝗽𝗱𝗮𝘁𝗲𝘀!
𝗣.𝗦.𝗦. 𝗙𝗶𝗻𝗱 𝗺𝗲 𝗼𝗻 𝗫 ( 𝗧𝘄𝗶𝘁𝘁𝗲𝗿 ) : 𝗴𝗲𝗿𝗼𝗴𝗲𝗰𝗵𝟴𝟵
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