Quarterly ResultAug 7, 2026, 12:39 PM
Gray Media Q2 Net Income $14M, EPS $0.21; Revenue up 8.7%
AI Summary
Gray Media reported a significant turnaround in Q2 2026, achieving a net income of $14 million and diluted EPS of $0.21, compared to a net loss of $56 million and EPS of $(0.71) in Q2 2025. Total revenue increased by 8.7% to $839 million for the quarter. Year-to-date, the company reduced its net loss to $6 million from $65 million, driven by improved operating income and strategic acquisitions totaling $264 million.
Key Highlights
- Q2 Net Income of $14M, a significant improvement from $(56)M loss YoY.
- Q2 Diluted EPS of $0.21, up from $(0.71) loss in the prior year quarter.
- Total revenue for Q2 increased 8.7% to $839M.
- Year-to-date net loss reduced to $(6)M from $(65)M in the prior year.
- Acquisitions of television businesses and licenses totaled $264M year-to-date.
- Repurchased $30M of Series A preferred stock year-to-date.
- Cash balance at June 30, 2026, was $176M, down from $368M at year-end 2025.
Price Impact
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