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Gray Television GTN Q1 2026 earnings

Reported May 7, 2026 · Before market open

Revenue$768.0MIn line
EPS-$0.34Miss by $0.02
Revenue estimate$768.1M
EPS estimate-$0.32

Next report

Aug 7, 2026 (In 1 week)
Revenue estimate$794.1M
EPS estimate-$0.08

Financials

Q1 2026

Income statement

See full
Revenue$768.0M-1.8%
Operating income$81.0M-12.0%
Net income-$20.0M-122%
EPS (diluted)-$0.34-47.8%

Balance sheet

See full
Cash & equivalents$259.0M+23.3%
Total debt$5.8B+2.3%
Total equity$2.1B-6.3%
Total assets$10.3B-1.1%

Cash flow

See full
Operating cash flow$1.0M-99.2%
CapEx$19.0M+26.7%
Free cash flow-$18.0M-115%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$408.9M-17.5%
Enterprise value$5.96B+0.1%
P/S0.1×0.0×

Profitability

See full
Operating margin12.4%-10.4pp
Net margin-3.1%-10.8pp
FCF margin1.9%-17.6pp

Returns & leverage

See full
Return on equity-4.4%-17.3pp
Debt / equity2.8×+0.2×
Current ratio1.2×+0.3×

Segments

By product

See full
Advertising$382.0M+7.0%
Core Advertising$352.0M+2.3%
Retransmission Consent$339.0M-10.6%
Political Advertising$30.0M+131%
Service Other$18.0M-5.3%

By segment

See full
Broadcasting$739.0M-2.1%
Production Companies$29.0M+7.4%
All Other Segments-—

Versus estimates

Revenue

Q1 2026$768.0MIn line
Q4 2025$792.0MBeat by $12.0MQ3 2025$749.0MMiss by $50.3MQ2 2025$772.0MBeat by $3.3MQ1 2025$782.0MMiss by $7.7MQ4 2024$1.0BBeat by $247.1M

Diluted EPS

Q1 2026-$0.34Miss by $0.02
Q4 2025-$0.22Beat by $0.06Q3 2025-$0.24Beat by $0.17Q2 2025-$0.42Miss by $0.19Q1 2025-$0.23Beat by $0.26Q4 2024$1.59In line

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Questions, answered.

When did Gray Television report Q1 2026 earnings?
Gray Television (GTN) reported Q1 2026 earnings on May 7, 2026 before market open.
What were Gray Television's Q1 2026 revenue and EPS?
Gray Television reported revenue of $768.0M and eps of $-0.34 for Q1 2026.
Did Gray Television beat estimates in Q1 2026?
Revenue missed the consensus estimate of $768.1M by $54.4K. EPS missed the consensus estimate of $-0.32 by $0.02.
How did Gray Television's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.8% from $782.0M a year earlier and eps declined 47.8% from $-0.23.
Where can I find Gray Television's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001437749-26-015225) and the 10-Q periodic report (0001437749-26-015447) directly on SEC EDGAR. The filing index links above go to sec.gov.