Jun 2026 (Q2 FY26) — Aug 7, 2026
Gray Media Q2 FY26 — Strong Political Revenue and Strategic Acquisitions Drive Deleveraging
Read the full callGray Media (GTN) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Gray Media earnings: last reported Fri, 7 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 839 | +8.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 16.2 | +5.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 14.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$4.48 +2.28% · +$0.1
Performance −4.1% 1Y
1Y: $4.67 on 17 Oct 2025 → $4.48. High $6.2 (21 Apr 2026), low $3.58 (25 Jun 2026).
- Previous close
- $4.38
- 52-week range
- $3.58 – $6.2
- One year
- −6.47%
Overview
- Symbol
- GTN
- Sector
- Communication Services
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Gray Media earnings calls (GTN)
Financials
What the filings say
Net profit, year on year: +125% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 950 | 1,045 | 782 | 772 | 749 | 792 | 768 | 839 |
| Operating profit | 250 | 325 | 92 | 82 | 102 | 116 | 81 | 136 |
| Operating margin | 26.3% | 31.1% | 11.8% | 10.6% | 13.6% | 14.7% | 10.6% | 16.2% |
| Profit before tax | 128 | 216 | -24 | -35 | -28 | -26 | -28 | 19 |
| Tax rate | 25.0% | 21.8% | 62.5% | −60.0% | 64.3% | 61.5% | 28.6% | 26.3% |
| Net profit | 96 | 169 | -9 | -56 | -10 | -10 | -20 | 14 |
| EPS ($ per share) | 0.87 | — | -0.23 | -0.71 | -0.24 | — | -0.34 | 0.21 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 907 | — | — | — | — | — | — | — |
| Reserves | 372 | 504 | 862 | 869 | 1,242 | 1,084 | 1,375 | 1,205 |
| Total liabilities | 3,026 | 4,858 | 5,240 | 8,701 | 8,386 | 8,019 | 7,609 | 7,635 |
| Fixed assets | 363 | 725 | 737 | 1,165 | 1,466 | 1,601 | 1,577 | 1,509 |
| Total assets | 4,213 | 6,972 | 7,643 | 11,108 | 11,152 | 10,640 | 10,542 | 10,440 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 323 | 385 | 652 | 300 | 829 | 648 | 751 | 289 |
| Cash from investing | -47 | -2,656 | -211 | -3,534 | -503 | -291 | -28 | -63 |
| Cash from financing | 681 | 1,064 | 120 | 2,650 | -454 | -397 | -609 | 7 |
| Net cash flow | 205 | -1,207 | 561 | -584 | -128 | -40 | 114 | 233 |
| Capital expenditure | -70 | -110 | -110 | -207 | -436 | -348 | -143 | -108 |
| Free cash flow | 253 | 275 | 542 | 93 | 393 | 300 | 608 | 181 |
Insider filings
35 filings between Dec 1, 2025 and May 19, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$250.7K
2 sales by 1 insider
Compensation
not trading decisions- 22
- Award — granted as compensation
- 11
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| BOGER RICHARD LEE | — | $250.7K | May 19, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 19, 2026 | BOGER RICHARD LEE Director | Sale | 55,000 | $230.5K |
| May 19, 2026 | BOGER RICHARD LEE Director | Sale | 2,000 | $20.2K |
| May 6, 2026 | NEWTON HOWELL Director | Award | 30,741 | $0 |
| May 6, 2026 | Hare Richard B Director | Award | 30,741 | $0 |
| May 6, 2026 | McTear Paul Director | Award | 30,741 | $0 |
| May 6, 2026 | Howell Robin Robinson Director | Award | 30,741 | $0 |
| May 6, 2026 | Garcia Luis A. Director | Award | 30,741 | $0 |
| May 6, 2026 | Spainhour Sterling A Jr. Director | Award | 30,741 | $0 |
| May 6, 2026 | McClain Lorri Director | Award | 30,741 | $0 |
| May 6, 2026 | HOWELL HILTON H JR Chairman, President & CEO | Award | 30,741 | $0 |
| May 6, 2026 | BOGER RICHARD LEE Director | Award | 30,741 | $0 |
| Apr 1, 2026 | Gignac Jeffrey R Executive Vice President, CFO | Tax withheld | 43,434 | $191.1K |
| Feb 28, 2026 | Howell Robin Robinson Director | Award | 124,921 | $0 |
| Feb 28, 2026 | HOWELL HILTON H JR Chairman, President & CEO | Award | 124,921 | $0 |
| Feb 28, 2026 | HOWELL HILTON H JR Chairman, President & CEO | Tax withheld | 468,050 | $5.02M |
| Feb 28, 2026 | LaPlatney D Patrick President and Co-CEO | Award | 51,323 | $0 |
| Feb 28, 2026 | LaPlatney D Patrick President and Co-CEO | Tax withheld | 180,613 | $937.4K |
| Feb 28, 2026 | Latek Kevin Paul EVP Chief L & D Officer | Award | 36,818 | $0 |
| Feb 28, 2026 | Latek Kevin Paul EVP Chief L & D Officer | Tax withheld | 306,021 | $1.59M |
| Feb 28, 2026 | Howell Robin Robinson Director | Tax withheld | 468,050 | $5.02M |
| Feb 28, 2026 | McNamara Sandra Breland Executive Vice President, COO | Award | 18,989 | $0 |
| Feb 28, 2026 | McNamara Sandra Breland Executive Vice President, COO | Tax withheld | 124,825 | $647.8K |
| Feb 28, 2026 | Gignac Jeffrey R Executive Vice President, CFO | Tax withheld | 68,855 | $357.4K |
| Feb 12, 2026 | McNamara Sandra Breland Executive Vice President, COO | Award | 238,147 | $1.11M |
| Feb 12, 2026 | Howell Robin Robinson Director | Award | 327,303 | $3.98M |
| Feb 12, 2026 | Howell Robin Robinson Director | Award | 327,303 | $3.98M |
| Feb 12, 2026 | LaPlatney D Patrick President and Co-CEO | Award | 365,302 | $1.70M |
| Feb 12, 2026 | HOWELL HILTON H JR Chairman, President & CEO | Award | 327,303 | $3.98M |
| Feb 12, 2026 | HOWELL HILTON H JR Chairman, President & CEO | Award | 327,303 | $3.98M |
| Feb 12, 2026 | Latek Kevin Paul EVP Chief L & D Officer | Award | 262,123 | $1.22M |
| Feb 12, 2026 | Gignac Jeffrey R Executive Vice President, CFO | Award | 238,147 | $1.11M |
| Dec 1, 2025 | Latek Kevin Paul EVP Chief L & D Officer | Tax withheld | 24,249 | $114.7K |
| Dec 1, 2025 | Howell Robin Robinson Director | Tax withheld | 28,578 | $257.2K |
| Dec 1, 2025 | HOWELL HILTON H JR Chairman, President & CEO | Tax withheld | 28,578 | $257.2K |
| Dec 1, 2025 | LaPlatney D Patrick President and Co-CEO | Tax withheld | 17,010 | $80.5K |
| Sep 9, 2025 | BOGER RICHARD LEE Director | Sale | 20,000 | $116.5K |
| Jun 5, 2025 | Gignac Jeffrey R Executive Vice President, CFO | Purchase | 12,500 | $46.0K |
| May 7, 2025 | NEWTON HOWELL Director | Award | 43,011 | $0 |
| May 7, 2025 | BOGER RICHARD LEE Director | Award | 43,011 | $0 |
| May 7, 2025 | Garcia Luis A. Director | Award | 43,011 | $0 |
| May 7, 2025 | Hare Richard B Director | Award | 43,011 | $0 |
| May 7, 2025 | McTear Paul Director | Award | 43,011 | $0 |
| May 7, 2025 | HOWELL HILTON H JR Chairman, President & CEO | Award | 43,011 | $0 |
| May 7, 2025 | Spainhour Sterling A Jr. Director | Award | 43,011 | $0 |
| May 7, 2025 | McClain Lorri Director | Award | 43,011 | $0 |
| May 7, 2025 | Howell Robin Robinson Director | Award | 43,011 | $0 |
| Apr 30, 2025 | Garcia Luis A. Director | Tax withheld | 8,309 | $27.8K |
| Apr 30, 2025 | Howell Robin Robinson Director | Tax withheld | 7,122 | $23.9K |
| Apr 30, 2025 | HOWELL HILTON H JR Chairman, President & CEO | Tax withheld | 7,122 | $23.9K |
| Apr 30, 2025 | McTear Paul Director | Tax withheld | 7,122 | $23.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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