Gray Media, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026
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Gray Media, Inc. reported earnings results for the third quarter and nine months ended September 30, 2026. For the third quarter, the company reported sales was USD 34 million compared to USD 25...
Gray Media, Inc. reported earnings results for the third quarter and nine months ended September 30, 2026. For the third quarter, the company reported sales was USD 34 million compared to USD 25 million a year ago. Revenue was USD 972 million compared to USD 749 million a year ago. Net income was USD 78 million compared to net loss of USD 10 million a year ago. Basic earnings per share from continuing operations was USD 0.67 compared to basic loss per share from continuing operations of USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to diluted loss per share from continuing operations of USD 0.24 a year ago.
For the nine months, sales was USD 89 million compared to USD 70 million a year ago. Revenue was USD 2,579 million compared to USD 2,303 million a year ago. Net income was USD 72 million compared to net loss of USD 75 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to basic loss per share from continuing operations of USD 1.19 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to diluted loss per share from continuing operations of USD 1.19 a year ago.
Gray Media, Inc. is a multimedia company. The Company owns local television stations and digital assets serving approximately 120 full-power television markets in the United States. The Company's portfolio includes 81 markets with television stations and 103 markets, as well as the Telemundo Affiliate group with 47 markets. The Company also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with the most advanced digital products and services. Its additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios. Its brands include Gray Digital Media, Gray Sports Networks, Local News Live, Assembly, InvestigateTV, Raycom Sports, PowerNation Studios, Tupelo Honey, Gray Washington News Bureau, and Telemundo.
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