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Gray Media (GTN) guidance and outlook
Gray Media (GTN) updated its guidance on Nov 6, 2026: Revenue (segment) $198M for Q3 2026; Revenue (segment) +1% for Q3 2026; Revenue (segment) $358M for Q3 2026. Gray Media's 10-Q filed Nov 6, 2026 makes 6 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q3 2026 | $198M | new |
| Revenue | Q3 2026 | +1% | new |
| Revenue | Q3 2026 | $358M | new |
From the earnings release filed Nov 6, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 6, 2026
- Based on current interest rates and debt outstanding, including refinancing activities described in Note 15, “Subsequent Events” within the accompanying condensed consolidated financial statements, we estimate that we will make approximately $430 million in debt interest payments over the twelve months immediately following September 30, 2026.
- In addition, the presentation of Leverage Ratio Denominator as determined in our 2019 Senior Credit Facility and the adjustments to such information, including expected synergies, if applicable, resulting from such transactions, may not comply with U.S.
- We currently expect that our routine capital expenditures will be approximately $45 million for the remainder of 2026, which includes several significant station construction projects and capital expenditures at Assembly Atlanta.
- For the remainder of 2026, we currently expect to make income tax payments of approximately $20 million.
- As of December 31, 2025, we have an aggregate of approximately $258 million of various state operating loss carryforwards, of which we expect that approximately $162 million will not be utilized due to Section 382 limitations under the Internal Revenue Code and those that will expire prior to utilization.
- During the remainder of 2026, we do not expect to contribute to this pension plan.
Gray Media's latest quarter
Gray Media, Q3 2026: revenue $972M (+30% year over year), operating margin 27.4%, net earnings $78.0M, operating cash flow $134M. The chart follows the revenue to costs, profit and cash.
Questions
Did Gray Media raise or lower its guidance?
Gray Media (GTN) updated its guidance on Nov 6, 2026: Revenue (segment) $198M for Q3 2026; Revenue (segment) +1% for Q3 2026; Revenue (segment) $358M for Q3 2026.
What does Gray Media expect?
Based on current interest rates and debt outstanding, including refinancing activities described in Note 15, “Subsequent Events” within the accompanying condensed consolidated financial statements, we estimate that we will make approximately $430 million in debt interest payments over the twelve months immediately following September 30, 2026. In addition, the presentation of Leverage Ratio Denominator as determined in our 2019 Senior Credit Facility and the adjustments to such information, including expected synergies, if applicable, resulting from such transactions, may not comply with U.S.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.