Gray Media Reports Q4 Loss of $10 Million

The broadcast company expects Q1 revenue between $755 million and $770 million.

Published on Feb. 26, 2026

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Gray Media, Inc. reported a loss of $10 million in its fourth quarter, with a loss of 24 cents per share. Adjusted for asset impairment costs, the losses came to 22 cents per share. The Atlanta-based broadcast television company posted revenue of $792 million in the period.

Why it matters

Gray Media's Q4 results reflect the ongoing challenges facing the broadcast industry, as the company reported a significant loss despite generating over $3.1 billion in revenue for the full year. The company's Q1 revenue guidance provides an early indication of how it expects to perform in the new year.

The details

Gray Media reported a loss of $10 million in Q4, or 24 cents per share. Adjusted for asset impairment costs, the losses came to 22 cents per share. The company posted revenue of $792 million in the quarter. For the full year, Gray Media reported a loss of $85 million, or $1.41 per share, on revenue of $3.1 billion. For the current quarter ending in March, the company expects revenue in the range of $755 million to $770 million.

  • Gray Media reported its Q4 2025 results on February 26, 2026.
  • The company expects to report Q1 2026 revenue in the range of $755 million to $770 million.

The players

Gray Media, Inc.

A broadcast television company based in Atlanta, Georgia.

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What’s next

Gray Media's Q1 2026 revenue results will provide further insight into the company's performance and outlook.

The takeaway

Gray Media's Q4 loss highlights the ongoing challenges facing the broadcast industry, but the company's Q1 revenue guidance suggests it expects to see some improvement in the new year.