Gray Media Q1 Earnings Call Highlights
Key takeaways
- Gray Media Q1 Earnings Call Highlights Market Beat Mon, May 11, 2026 at 1:08 AM GMT+7 7 min read GTN GTN-A Gray Media logo Key Points Interested in Gray Media Inc.?
- Gray Media posted first-quarter revenue of $768 million, hitting the high end of guidance, with core advertising and political advertising both outperforming expectations.
- Management said second-quarter core advertising is softening, though digital revenue is still growing in the high teens and political advertising is expected to remain strong at $60 million to $70 million.
Gray Media Q1 Earnings Call Highlights Market Beat Mon, May 11, 2026 at 1:08 AM GMT+7 7 min read GTN GTN-A Gray Media logo Key Points Interested in Gray Media Inc.? Here are five stocks we like better.
Gray Media posted first-quarter revenue of $768 million, hitting the high end of guidance, with core advertising and political advertising both outperforming expectations. The company also reported adjusted EBITDA of $154 million and a net loss attributable to common stockholders of $33 million.
Management said second-quarter core advertising is softening, though digital revenue is still growing in the high teens and political advertising is expected to remain strong at $60 million to $70 million. Gray also kept a cautious outlook for core advertising, guiding for a mid-single-digit decline year over year in Q2.