Gray Media NYSE: GTN reported a 30% increase in third-quarter revenue as political advertising and recently acquired stations boosted results, and executives said the company plans further debt reductions before the end of 2026.

Gray Media's investment thesis is centered on its ability to stabilize volatile profitability and manage its significant debt load of $5.9B. While recent quarters show a rebound in operating margins to 16.2% in 2026Q2, the company's persistent negative net income and erratic free cash flow, which swung from a $328M…
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Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
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Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 6, 2026 | $0.66-23.1% vs $0.86 | $972M+1.7% vs $956M |
Q3 2026 Aug 7, 2026 | $0.21+310.0% vs -$0.10 | $839M+5.5% vs $795M |
Q2 2026 May 7, 2026 | -$0.34-6.3% vs -$0.32 | $768M-0.0% vs $768M |
Q1 2026 Feb 26, 2026 | -$0.22+21.4% vs -$0.28 | $792M+1.5% vs $780M |
Gray Media NYSE: GTN reported a 30% increase in third-quarter revenue as political advertising and recently acquired stations boosted results, and executives said the company plans further debt reductions before the end of 2026.

Gray Media, Inc. (GTN) Q3 2026 Earnings Call Transcript

Gray Media (GTN) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to a loss of $0.24 per share a year ago.
ATLANTA, Nov. 06, 2026 (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 December 31, 2026, to shareholders of record at the close of business on December 15, 2026.
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Key metrics vs top competitors for Gray Media, Inc. (GTN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.92 | $480.5M | 7.78 | -15.07% | 1.84% | 2.37% | 6.91% | |
| $190.02 | $5.8B | 15.80 | -8.47% | 4.72% | 16.68% | 2.9% | |
| $13.68 | $956.06M | 10.33 | -10.68% | 2.84% | 27.45% | 7.3% | |
| $3.05 | $242.8M | -0.25 | -14.31% | -55.74% | -172.2% | — | |
| $59.50 | $26.09B | 12.55 | 5.07% | 11.3% | 17.39% | 1.12% | |
| $116.75 | $202.74B | 23.66 | 3.35% | 8.7% | 7.47% | 0.85% |
Gray Media, Inc. (GTN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Gray Media, Inc. (GTN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 7, 2026·SEC
Aug 7, 2026·SEC
Aug 7, 2026·SEC
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Gray Media, Inc. (GTN) stock FAQ — growth, dividends, profitability & financials explained
Gray Media, Inc. (GTN) reported $3.37B in revenue over the trailing twelve months. Revenue was $3.10B in fiscal year 2025. That is 3803% more than the $79.3M of fiscal year 1996.
Gray Media, Inc. (GTN) grew revenue by 0.7% over the trailing twelve months, compared with the twelve months before.
Yes. Gray Media, Inc. (GTN) earned $62.0M in net income over the trailing twelve months (a 1.8% net margin).
Yes. Gray Media, Inc. (GTN) pays a dividend that yields 6.91% at the current price, a high yield.
Gray Media, Inc. (GTN) had a return on equity (ROE) of 2.4% over the trailing twelve months. That is below the market's typical 10-15%.
Gray Media, Inc. (GTN) generated $256.0M in free cash flow over the trailing twelve months.