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Gray Media, Inc (GTN.A) stock

GTN.ANYSETelevision Broadcasting StationsFiscal year ends December 31Also trades as GTN
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026Score 2/30
$6.74+1.53 (+29.37%)

Close on Oct 29, 2026Market cap $674.00MP/E –Yield 4.75%

Earnings

Gray Media's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Nov 6, 2026
Q3 FY2026 · estimated, before the open
Revenue, Q2 FY2026
$839.00M
+8.7% on a year earlier
Adjusted EPS, Q2 FY2026
–
-$0.71 a year earlier
Latest guidance
Raised
May 7, 2026 · 11 items

Quarterly results

Revenue and earnings per share from each of Gray Media's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q3 FY2026ended Sep 30, 2026Nov 6, 2026Expected–––––
Q2 FY2026ended Jun 30, 2026Aug 7, 2026before the open$839.00M+8.7%––Release
Q1 FY2026ended Mar 31, 2026May 7, 2026before the open$768.00M-1.8%––Release
Q4 FY2025ended Dec 31, 2025Feb 26, 2026before the open––––Release
Q3 FY2025ended Sep 30, 2025Nov 7, 2025before the open$749.00M-21.2%––Release
Q2 FY2025ended Jun 30, 2025Aug 8, 2025before the open$772.00M-6.5%-$0.71–Release
Q1 FY2025ended Mar 31, 2025May 8, 2025before the open$782.00M-5.0%––Release
Q4 FY2024ended Dec 31, 2024Feb 27, 2025before the open$1.00B–$1.59–Release
Q3 FY2024ended Sep 30, 2024Nov 8, 2024before the open$950.00M+18.3%$0.86–Release
Q2 FY2024ended Jun 30, 2024Aug 8, 2024before the open$826.00M+1.6%$0.09–Release
Q1 FY2024ended Mar 31, 2024May 7, 2024before the open$823.00M+2.7%$0.79–Release
Q4 FY2023ended Dec 31, 2023Jan 30, 2024before the open––––Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Gray Media's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Capital expendituresFY2026$140.00M–NewMay 7, 2026
Amortization of deferred financing costsFY2026$16.00M–LoweredMay 7, 2026
Common stock dividendsFY2026$33.00M–LoweredMay 7, 2026
Income tax payments, excluding refundsFY2026$90.00M – $110.00M–RaisedMay 7, 2026
Interest expense, excluding amortization of deferred financing costsFY2026$440.00M–NewMay 7, 2026
Preferred stock dividendsFY2026$52.00M–RaisedMay 7, 2026

Guidance vs results

The last range Gray Media gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q2 FY2026Revenue$60.00M – $70.00M$839.00MAbove range
Q3 FY2025Revenue$735.00M – $750.00M$749.00MWithin range
Q2 FY2025Revenue$769.00M – $775.00M$772.00MWithin range
Q4 FY2024Revenue$248.00M – $253.00M$1.00BAbove range
Q3 FY2024Revenue$948.00M – $986.00M$950.00MWithin range
Q2 FY2024Revenue$828.00M – $846.00M$826.00MBelow range
Q3 FY2023Revenue$780.00M – $801.00M$803.00MAbove range
Q2 FY2023Revenue$390.00M – $393.00M$813.00MAbove range
Q1 FY2023Revenue$777.00M – $796.00M$801.00MAbove range
Q4 FY2022Revenue$1.02B – $1.05B$1.10BAbove range
Q3 FY2022Revenue$345.00M – $355.00M$909.00MAbove range
Q2 FY2022Revenue$846.00M – $864.00M$868.00MAbove range

Guidance history

Every forecast Gray Media put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
May 7, 2026Capital expendituresFY2026$140.00MNew
May 7, 2026Interest expense, excluding amortization of deferred financing costsFY2026$440.00MNew
May 7, 2026Amortization of deferred financing costsFY2026$16.00MLowered
May 7, 2026Preferred stock dividendsFY2026$52.00MRaised
May 7, 2026Common stock dividendsFY2026$33.00MLowered
May 7, 2026Income tax payments, excluding refundsFY2026$90.00M – $110.00MRaised
May 7, 2026Total broadcasting expenseQ2 FY2026$545.00M – $550.00MNew
May 7, 2026Total corporate and administrative expenseQ2 FY2026$30.00M – $35.00MLowered
May 7, 2026Political advertisingQ2 FY2026$60.00M – $70.00MNew
May 7, 2026Total revenueQ2 FY2026$780.00M – $800.00MRaised
May 7, 2026Net Retransmission RevenueQ2 FY2026$141.00M – $143.00MNew
Nov 7, 2025Total capital expenditures, excluding Assembly AtlantaFY2025$70.00M – $75.00MNew
Nov 7, 2025Capital expenditures for Assembly Atlanta, net of anticipated reimbursementsFY2025$0Lowered
Nov 7, 2025Interest expense, excluding amortization of deferred financing costsFY2025$460.00MNew
Nov 7, 2025Amortization of deferred financing costsFY2025$16.00MLowered
Nov 7, 2025Preferred stock dividendsFY2025$52.00MRaised
Nov 7, 2025Common stock dividendsFY2025$32.00MLowered
Nov 7, 2025Income tax payments, net of refundsFY2025$39.00MRaised
Nov 7, 2025Core advertisingFY2025$1.44B – $1.45BNew
Nov 7, 2025PoliticalFY2025$37.00M – $38.00MLowered

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Gray Media filed with the SEC as exhibits to Form 8-K or 6-K

  1. Gray Announces $75 Million Incremental Term Loan and Redemption of $150 Million of 2029 Notes
    News
  2. Gray Announces Closing of Term Loan and Revolving Credit Facility Refinancing
    News
  3. Gray Media Raises 3Q 2026 Political Advertising Guidance and Lifts Low End of Total Revenue Range
    Results
  4. Gray Announces Closing of Offering of $750 Million of 7.500% Senior Secured First Lien Notes due 2034
    News
  5. $750 Million of 7.500% Senior Secured First Lien Notes due 2034
    News
  6. Gray Announces Private Offering of Senior Secured First Lien Notes
    News
  7. 8-K exhibit EX-99.1
    Update
  8. GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
    News
  9. Gray Media Announces Second Quarter Financial Results
    Results
  10. Gray Media Completes Offering of $70 Million of Additional 7.250% Senior Secured First Lien Notes due 2033 and Repurchases $50 million of Series A Preferred Stock
    Update
  11. Gray Media Agrees to Purchase American Spirit Media ’ s Television Stations
    Update
  12. Gray Media and Byron Allen ’ s Allen Media Group Closed Station Transactions
    Update
  13. 8-K exhibit EX-99.1
    Update
  14. GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
    News
  15. Gray Media Announces First Quarter Financial Results
    Results