Gray Television's Q3: Strong Results & Future Focus
Update: 2025-11-14
Description
Gray Televisions Q3 earnings surpassed expectations, with revenue of $749 million and beaten estimates for adjusted earnings per share and adjusted EBITDA. This success was driven by cost management and higher political ad revenue. The company also discussed the impact of a recent station rebrand in Atlanta and the progress of the Assembly Atlanta project. Looking ahead, Gray Television plans to focus on political advertising for the 2026 election cycle, securing leases and production commitments for Assembly Atlanta, and the performance of their new digital streaming platform.
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