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GTN

Gray Media·NYSE
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GTN fundamentals

Gray Media (GTN) released its earnings on Feb 26, 2026: revenue was 792.00M (YoY -24.21%), beat estimates; EPS was -0.24 (YoY -115.09%), beat estimates.
Revenue / YoY
792.00M
-24.21%
EPS / YoY
-0.24
-115.09%
Report date
Feb 26, 2026
GTN Earnings Call Summary for Q4,2025
  • Revenue Growth: Q4 2025 revenue of $792 million exceeded expectations, driven by cost control and political ad strength ($12 million).
  • Net Retrans Recovery: Returned to growth in Q4 2025, with full-year stability at $547 million, signaling improved subscriber trends.
  • Debt Reduction: Completed $250 million debt add-on, reducing leverage. Aiming for 4x leverage by 2026 through M&A and political revenue.
  • AI Efficiency: Leveraging AI for tasks like content conversion, saving time equivalent to 1,000 interns without replacing human roles.
  • Political Cycle Strength: 2026 political ad revenue expected to exceed $25 million in Q1, with a favorable midterm election map.
EPS
Q2,undefined
Q3,2017
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
0.4-0.021.142.220.270.27-0.320.170.520.911.031.88-0.48-0.1-0.57-0.240.790.090.861.59-0.23-0.71-0.24-0.24
Forecast
0.3743-0.090.88631.93880.180.30140.3780.52330.37480.8711.40981.7765-0.2871-0.1914-0.31-0.15710.2460.090.9481.262-0.47-0.335-0.46-0.28
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+6.87%
+77.78%
+28.62%
+14.50%
+50.00%
-10.42%
-184.66%
-67.51%
+38.74%
+4.48%
-26.94%
+5.83%
-67.19%
+47.75%
-83.87%
-52.77%
+221.14%
0.00%
-9.28%
+25.99%
+51.06%
-111.94%
+47.83%
+14.29%
Revenue
Q2,undefined
Q3,2017
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
----------------------534.00M451.00M604.00M792.00M544.00M547.00M601.00M721.00M827.00M868.00M909.00M1.07B801.00M813.00M803.00M864.00M823.00M826.00M950.00M1.04B782.00M772.00M749.00M792.00M
Forecast
----------------------545.65M440.82M581.88M748.37M533.51M541.43M591.41M644.20M805.23M854.97M950.99M1.04B788.22M797.17M798.46M863.31M824.98M840.33M967.49M1.04B773.21M769.98M750.05M780.00M
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-2.13%
+2.31%
+3.80%
+5.83%
+1.97%
+1.03%
+1.62%
+11.92%
+2.70%
+1.52%
-4.42%
+2.85%
+1.62%
+1.99%
+0.57%
+0.08%
-0.24%
-1.71%
-1.81%
+0.65%
+1.14%
+0.26%
-0.14%
+1.54%

Earnings Call