Gray Media Inc Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
Analyst Coverage
5analysts covering
FY Revenue (est.)
$3.6Bnext fiscal year
FY EPS (est.)
$2.65next fiscal year
Reporting Calendar
| Event | Expected Date |
|---|---|
| Q3 2026 Earnings Release | 5 Nov 2026 |
Monitoring Framework
Key Performance Indicators
Total Revenue less Agency Commissions Quarterly768MTarget: 780000000 to 800000000
Quarterly Political Advertising Revenue Quarterly30MTarget: 60000000 to 70000000
Net Retransmission Consent Revenue Quarterly142MTarget: Low single-digit growth for full year 2026
Watch Items
- Linear Television Cord-Cutting and Subscriber DeclinesTrigger: Accelerating decline in pay-TV subscribers impacting retransmission consent revenueAction: Accelerate transition to digital advertising solutions (e.g., Political 360) and expand local sports broadcast rights to capture over-the-air viewers.
- Deleveraging and Debt Reduction ProgressTrigger: Total leverage ratio exceeding target levels or failure to meet debt paydown milestonesAction: Utilize strong political cycle cash flows to pay down outstanding debt principal, targeting a long-term leverage ratio of 4.0x.
Research as of 19 Jun 2026