Gray Media Reports Q3 2026 Results with Revenue Beat and EPS Miss
Gray Media (GTN) reported its third-quarter 2026 financial results, characterized by a significant divergence between top-line growth and bottom-line profitability. The company achieved revenue of $972 million, representing a 29.8% year-over-year increase and exceeding analyst expectations by $10 million. Despite the revenue beat, Gray Media's GAAP earnings per share (EPS) of $0.66 fell short of consensus estimates by $0.22. Core advertising revenue remained relatively flat, totaling $358 million for the quarter, which marks a modest 1% increase compared to the same period in 2025.
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