GTNNYSETelevision Broadcasting StationsFiscal year ends December 31Also trades as GTN.A
GRAY MEDIA, INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$4.48+0.10 (+2.28%)
Close on Oct 19, 2026
- Market cap
- $448.00M
- P/E (TTM)
- –
- Dividend yield
- 7.14%
GRAY MEDIA, INC revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcasting, Segment [Member] | $2.99B | $3.54B | $3.20B | $3.58B | $2.34B | $2.32B | $2.04B | $1.08B | $883.00M | – | 96.5% | -15.6% |
| Production Companies, Segment [Member] | $107.00M | $105.00M | $86.00M | $93.00M | $73.00M | $61.00M | $87.00M | $0 | $0 | – | 3.5% | +1.9% |
| Other Operating Segment [Member] | $0 | $0 | $0 | $0 | – | – | – | – | – | – | 0.0% | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcasting, Segment [Member] | $513.00M | $956.00M | $587.00M | $1.10B | $545.00M | $825.00M | $584.00M | $431.00M | – | – | -46.3% |
| Production Companies, Segment [Member] | -$6.00M | $1.00M | -$88.00M | -$2.00M | -$1.00M | -$5.00M | $0 | $0 | – | – | -700.0% |
| Other Operating Segment [Member] | -$115.00M | -$106.00M | -$116.00M | -$107.00M | – | – | – | – | – | – | +8.5% |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Advertising [Member] | $1.49B | $1.99B | $1.59B | $2.01B | $1.23B | $1.40B | $1.20B | $712.00M | $586.00M | $591.78M | 48.3% | -24.8% |
| Core Advertising [Member] | $1.45B | $1.49B | $1.51B | $1.50B | $1.19B | $969.00M | – | – | – | – | 46.9% | -2.6% |
| Retransmission Consent [Member] | $1.43B | $1.48B | $1.53B | $1.50B | $1.05B | $867.00M | $796.00M | $355.00M | $277.00M | $200.88M | 46.2% | -3.6% |
| Production Companies [Member] | $107.00M | $105.00M | $86.00M | $93.00M | $73.00M | $61.00M | $87.00M | $0 | $0 | – | 3.5% | +1.9% |
| Service, Other [Member] | $65.00M | $70.00M | $70.00M | $76.00M | $57.00M | $54.00M | $44.00M | $17.00M | $20.00M | $19.80M | 2.1% | -7.1% |
| Political Advertising [Member] | $42.00M | $497.00M | $79.00M | $515.00M | $44.00M | $430.00M | $68.00M | $155.00M | $16.00M | $90.10M | 1.4% | -91.5% |
| Local Advertising [Member] | – | – | – | – | $934.00M | $771.00M | $898.00M | $443.00M | $451.00M | $403.34M | – | – |
| National Advertising [Member] | – | – | – | – | $256.00M | $198.00M | $229.00M | $114.00M | $119.00M | $98.35M | – | – |
By region
From the segment and revenue-disaggregation notes of Gray Media's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.