GTN Q4 2025 Earnings — Gray Media, Inc. Revenue & Financial Results | Market Cap Arena

GTNGray Media, Inc.

$491M

Q4 2025 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$792M-24.2% YoY

Gross Profit

$1.9B238.8% margin

Operating Income

$116M14.6% margin

Net Income

-$10M-1.3% margin

EPS (Diluted)

$-0.24

QoQ Revenue Growth

+5.7%

Cash Flow

Operating Cash Flow

$112M

Free Cash Flow

-$51M

Stock-Based Comp.

$41M

Balance Sheet

Total Assets

$10.4B

Total Liabilities

$7.6B

Stockholders' Equity

$2.8B

Cash & Equivalents

$368M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$792M	$1.0B	-24.2%
Gross Profit	$1.9B	$421M	+349.2%
Operating Income	$116M	$325M	-64.3%
Net Income	-$10M	$169M	-105.9%

Revenue Segments

Advertising

$404M34%

Core Advertising

$392M33%

Retransmission Consent

$335M28%

Production Companies

$37M3%

Service, Other

$16M1%

Political Advertising

$12M1%