Gray Media, Inc. (GTN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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GTN Revenue Growth
Revenue Breakdown (FY 2025)
GTN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
GTN Revenue Analysis (2014–2025)
As of May 8, 2026, Gray Media, Inc. (GTN) generated trailing twelve-month (TTM) revenue of $3.08 billion, reflecting slight decline in growth of -1.8% year-over-year. The most recent quarter (Q1 2026) recorded $768.0 million in revenue, down 3.0% sequentially.
Looking at the longer-term picture, GTN's 5-year compound annual growth rate (CAGR) stands at +5.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $3.68 billion in 2022.
Revenue diversification analysis shows GTN's business is primarily driven by Advertising (33%), Core Advertising (32%), and Retransmission Consent (31%).
When compared to Communication Services sector peers including NXST (-4.6% YoY), SBGI (-10.7% YoY), and SSP (-14.3% YoY), GTN has underperformed the peer group in terms of revenue growth. Compare GTN vs NXST →
GTN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GTNCurrent | $3.1B | -1.8% | +5.4% | 12.7% | |
 NXST | $4.9B | -4.6% | +1.9% | 17.4% | |
 SBGI | $3.2B | -10.7% | -11.8% | 4.9% | |
 SSP | $2.2B | -14.3% | +3.0% | 7.5% | |
 FOX | $16.3B | +9.2% | +5.8% | 19.8% | |
 WBD | $37.3B | -3.0% | +28.4% | 3.5% |
GTN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.10B | -15.1% | $2.99B | 96.6% | $392.0M | 12.7% |
| 2024 | $3.64B | +11.1% | $1.24B | 34.1% | $851.0M | 23.4% |
| 2023 | $3.28B | -10.7% | $898.0M | 27.4% | $383.0M | 11.7% |
| 2022 | $3.68B | +52.3% | $1.43B | 38.8% | $990.0M | 26.9% |
| 2021 | $2.41B | +1.3% | $803.0M | 33.3% | $381.0M | 15.8% |
| 2020 | $2.38B | +12.2% | $989.0M | 41.5% | $752.0M | 31.6% |
| 2019 | $2.12B | +95.7% | $723.0M | 34.1% | $478.0M | 22.5% |
| 2018 | $1.08B | +22.8% | $487.7M | 45.0% | $388.8M | 35.9% |
| 2017 | $882.7M | +8.6% | $325.6M | 36.9% | $291.2M | 33.0% |
| 2016 | $812.5M | +36.0% | $337.3M | 41.5% | $234.1M | 28.8% |
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Start ComparisonGTN — Frequently Asked Questions
Quick answers to the most common questions about buying GTN stock.
Is GTN's revenue growth accelerating or slowing?
GTN revenue growth slowed to -1.8%, below the 5-year CAGR of +5.4%. TTM revenue is $3.1B. The deceleration marks a shift from historical growth rates.
What is GTN's long-term revenue growth rate?
Gray Media, Inc.'s 5-year revenue CAGR of +5.4% reflects the variable expansion pattern. Current YoY growth of -1.8% is near this long-term average.
How is GTN's revenue distributed by segment?
GTN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.