Gray Media Inc (NYSE:GTN) Q2 2025 Earnings Miss Estimates, Shares Drop 5% in Pre-Market Trading

Last update: Aug 8, 2025

Gray Media Inc (NYSE:GTN) reported its second-quarter 2025 financial results, missing analyst expectations on both revenue and earnings per share (EPS). The company’s performance has drawn a negative reaction in pre-market trading, with shares down more than 5% following the release.

Earnings and Revenue Miss Estimates

Reported Revenue: $772 million vs. analyst estimates of $774 million.
Reported EPS: -$0.42 vs. estimated -$0.36.

The slight revenue miss, combined with a wider-than-expected loss per share, suggests ongoing challenges in profitability. While the company stated that results were consistent with its updated guidance from July 8, the market appears disappointed by the underperformance relative to consensus forecasts.

Market Reaction

The immediate pre-market decline of over 5% reflects investor concerns, particularly around the EPS miss. The stock has also been under pressure in recent weeks, with a 19.5% drop over the past two weeks and a 26.3% decline over the past month. This downward trend indicates broader skepticism about the company’s near-term prospects.

Forward-Looking Estimates

Analysts remain cautious about Gray Media’s upcoming quarters:

Q3 2025 Revenue Estimate: $794.2 million
Q3 2025 EPS Estimate: -$0.21
Full-Year 2025 Revenue Estimate: $3.21 billion
Full-Year 2025 EPS Estimate: -$0.74

The lack of a positive outlook in the press release does little to counterbalance these projections, leaving investors with limited catalysts for optimism.

Key Takeaways from the Press Release

The company reaffirmed that results aligned with its previously revised guidance.
No significant operational updates or strategic shifts were highlighted.
The Board of Directors approved a quarterly cash dividend of $0.08 per share, maintaining shareholder returns despite the earnings miss.

For a deeper dive into Gray Media’s earnings and analyst estimates, visit the earnings page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.