Gray Media Q3 sales top expectations on higher advertising revenue

Gray Media

07/11/2025 11:10

Overview

Gray Media Q3 2025 revenue beats analyst expectations

Net loss for Q3 2025 beats analyst expectations

Company announced acquisitions and refinancing to enhance financial flexibility

Outlook

Gray Media expects Q4 core advertising revenue between $380 mln and $390 mln

Company anticipates Q4 retransmission consent revenue between $328 mln and $330 mln

Gray Media forecasts full-year revenue between $3.070 bln and $3.085 bln

Result Drivers

STRONG REVENUE PERFORMANCE - Total revenue, core advertising, retransmission, and political advertising revenues met or exceeded guidance

COST CONTAINMENT - Expenses were below guidance due to ongoing cost actions and focus on cost containment

STRATEGIC INITIATIVES - Station acquisitions and refinancing activities enhanced financial flexibility and operational growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$749 mln
$744.50 mln (6 Analysts)
Q3 Net Income
Beat
-$10 mln
-$32.80 mln (5 Analysts)
Q3 Pretax Profit
Miss
-$28 mln
-$25.30 mln (5 Analysts)
Q3 Operating income
$102 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the broadcasting peer group is "buy"

Wall Street's median 12-month price target for Gray Media Inc is $6.50, about 29.2% above its November 6 closing price of $4.60

The stock recently traded at 2 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release: ID:nGNX92sw70

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)