Gray Media Q3 net income swings to $78 million profit; Q3 revenue rises 30% to $972 million
PUBT · 2d ago
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- Gray Media swung to third-quarter 2026 net income of $78 million from a year-earlier loss.
- Revenue climbed 30% year-over-year to $972 million, exceeding the $965 million high end of guidance.
- Political advertising revenue rose to $198 million, a record for an election-year third quarter.
- Management expects to reduce outstanding debt by $175 million to $200 million during the fourth quarter of 2026.
- Full-year 2026 political advertising revenue is forecast at $630 million to $640 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gray Media Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611060600PRIMZONEFULLFEED9872088) on November 06, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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