Gray Media Lifts Q3 Political Ad Guidance to $188-$195M, Raises Revenue Floor
GTN sits 29% above its 52-week low of $3.553.
Summary
Gray Media raised its Q3 2026 political advertising guidance to $188-$195 million, up from $165-$185 million, and lifted the low end of total revenue guidance to $950 million from $935 million. The company also lowered its corporate and administrative expense guidance to $30-$35 million from $35-$40 million. This update comes ahead of lender meetings to potentially refinance its credit facility and signals stronger-than-expected political ad demand in the current election cycle. The company expects no outstanding borrowings under its revolving credit facility as of September 30, 2026, and will report Q3 results on November 6, 2026.
Updates
· SEC 8-K — The 8-K attaches the press release with updated guidance.
At the time of this announcement, GTN was trading at $4.58 on NYSE in the Trade & Services sector, with a market capitalization of approximately $479.2M. The 52-week trading range was $3.55 to $6.44. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.