Gray Media owns and operates local television stations across the United States, many affiliated with major broadcast networks such as CBS, NBC, ABC, and Fox. Revenue comes largely from advertising and retransmission consent fees paid by cable and satellite distributors. The company is one of the larger pure-play local TV broadcasters, serving regional audiences with news, sports, and network programming rather than a single national cable brand.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 772 | — | -69 | — |
| Q3 2025 | 749 | — | -23 | — |
| Q4 2025 | 792 | — | -23 | — |
| Q1 2026 | 768 | — | -33 | — |
| Q2 2026 | 839 | 8.7% | 21 | — |
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