Gray Media, Inc. (NYSE: GTN) issued an updated financial guidance report on September 28, 2026, adjusting its projections for the quarter ending September 30, 2026. The company stated that the updates are being provided in connection with lender meetings regarding a potential credit facility refinancing.
The updated guidance reflects the most current operational information available to the company as of the date of the release. For estimates not listed below, the original guidance issued on August 7, 2026, remains unchanged.
Gray Media raised its political advertising revenue guidance to $188 million to $195 million, up from the previous range of $165 million to $185 million. The company anticipates the midpoint of this range will be approximately $192 million. Additionally, the company lifted the low end of its total revenue range to $950 million, up from the previous low end of $935 million.
The updated guidance includes an estimated $9 million of political advertising revenue from recent acquisitions through September 30, 2026. The company currently anticipates it will have no outstanding borrowings under its Revolving Credit Facility as of September 30, 2026.
Gray Media expects to report its third quarter 2026 financial results on Friday, November 6, 2026, and host its quarterly investor call at 11:00 AM that morning.
