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Gray Media (GTN) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Gray Media Revenue Highlights

Latest Revenue (Y)

$3.10B

Latest Revenue (Q)

$749.00M

Main Segment (Y)

Advertising

Gray Media Revenue by Period

Gray Media Revenue by Year

DateRevenueChange
2025-12-31$3.10B-15.07%
2024-12-31$3.64B11.06%
2023-12-31$3.28B-10.75%
2022-12-31$3.68B52.34%
2021-12-31$2.41B1.34%
2020-12-31$2.38B12.21%
2019-12-31$2.12B95.73%
2018-12-31$1.08B22.82%
2017-12-31$882.73M8.65%
2016-12-31$812.47M36.01%
2015-12-31$597.36M17.56%
2014-12-31$508.13M46.73%
2013-12-31$346.30M-14.46%
2012-12-31$404.83M31.81%
2011-12-31$307.13M-11.25%
2010-12-31$346.06M27.99%
2009-12-31$270.37M-17.36%
2008-12-31$327.18M6.47%
2007-12-31$307.29M-7.48%
2006-12-31$332.14M26.99%
2005-12-31$261.55M-24.53%
2004-12-31$346.57M17.33%
2003-12-31$295.37M48.70%
2002-12-31$198.64M27.05%
2001-12-31$156.34M-8.68%
2000-12-31$171.21M18.90%
1999-12-31$144.00M11.71%
1998-12-31$128.90M24.54%
1997-12-31$103.50M30.52%
1996-12-31$79.30M35.32%
1995-12-31$58.60M60.55%
1994-12-31$36.50M178.63%
1993-12-31$13.10M-

Gray Media generated $3.10B in revenue during NA 2025, up -15.07% compared to the previous quarter, and up 129.99% compared to the same period a year ago.

Gray Media Revenue by Quarter

DateRevenueChange
2025-09-30$749.00M-2.98%
2025-06-30$772.00M-1.28%
2025-03-31$782.00M-25.17%
2024-12-31$1.04B10.00%
2024-09-30$950.00M15.01%
2024-06-30$826.00M0.36%
2024-03-31$823.00M-4.75%
2023-12-31$864.00M7.60%
2023-09-30$803.00M-1.23%
2023-06-30$813.00M1.50%
2023-03-31$801.00M-25.28%
2022-12-31$1.07B17.93%
2022-09-30$909.00M4.72%
2022-06-30$868.00M4.96%
2022-03-31$827.00M14.70%
2021-12-31$721.00M19.97%
2021-09-30$601.00M9.87%
2021-06-30$547.00M0.55%
2021-03-31$544.00M-31.31%
2020-12-31$792.00M31.13%
2020-09-30$604.00M33.92%
2020-06-30$451.00M-15.54%
2020-03-31$534.00M-7.77%
2019-12-31$579.00M11.99%
2019-09-30$517.00M1.77%
2019-06-30$508.00M-1.93%
2019-03-31$518.00M57.82%
2018-12-31$328.22M17.51%
2018-09-30$279.31M11.57%
2018-06-30$250.34M10.65%
2018-03-31$226.26M-3.15%
2017-12-31$233.61M6.68%
2017-09-30$218.98M-3.40%
2017-06-30$226.68M11.41%
2017-03-31$203.46M-14.38%
2016-12-31$237.62M16.20%
2016-09-30$204.49M4.00%
2016-06-30$196.63M13.19%
2016-03-31$173.72M2.50%
2015-12-31$169.49M12.17%
2015-09-30$151.10M5.32%
2015-06-30$143.46M7.62%
2015-03-31$133.30M-25.06%
2014-12-31$177.89M35.07%
2014-09-30$131.70M22.80%
2014-06-30$107.25M17.47%
2014-03-31$91.30M-4.46%
2013-12-31$95.56M8.23%
2013-09-30$88.29M4.75%
2013-06-30$84.28M7.82%
2013-03-31$78.17M-38.25%
2012-12-31$126.59M23.04%
2012-09-30$102.88M8.65%
2012-06-30$94.69M17.37%
2012-03-31$80.67M-4.72%
2011-12-31$84.67M10.65%
2011-09-30$76.52M0.42%
2011-06-30$76.20M9.26%
2011-03-31$69.74M-39.14%
2010-12-31$114.59M34.27%
2010-09-30$85.34M12.84%
2010-06-30$75.64M7.31%
2010-03-31$70.48M-9.08%
2009-12-31$77.52M16.66%
2009-09-30$66.45M2.14%
2009-06-30$65.06M6.04%
2009-03-31$61.35M-35.28%
2008-12-31$94.80M14.73%
2008-09-30$82.63M4.94%
2008-06-30$78.74M10.91%
2008-03-31$71.00M-15.75%
2007-12-31$84.27M-

Gray Media generated $749.00M in revenue during Q3 2025, up -2.98% compared to the previous quarter, and up 90.68% compared to the same period a year ago.

Gray Media Revenue Breakdown

Gray Media Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 25Dec 24Dec 23Dec 22Dec 21
Service, Other$65.00M$70.00M$70.00M$76.00M$57.00M
Retransmission Consent$1.43B$1.48B$1.53B$1.50B$1.05B
Production Companies$107.00M$105.00M$86.00M$93.00M$73.00M
Political Advertising$42.00M$497.00M$79.00M$515.00M$44.00M
Core Advertising$1.45B$1.49B$1.51B$1.50B-
Advertising$1.49B$1.99B$1.59B$2.01B$1.23B
National Advertising----$256.00M
Local Advertising----$934.00M

Gray Media's latest annual revenue breakdown by segment (product or service), as of Dec 25: Advertising (32.56%), Core Advertising (31.64%), Retransmission Consent (31.14%), Production Companies (2.33%), Service, Other (1.42%), and Political Advertising (0.92%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 23Jun 23
Retransmission Consent$335.00M$346.00M$369.00M$379.00M$732.00M$369.00M$381.00M$743.00M$394.00M
Production Companies$37.00M$25.00M$18.00M$27.00M$55.00M$26.00M$24.00M$52.00M$12.00M
Advertising$404.00M$363.00M$370.00M$357.00M$1.05B$538.00M$399.00M$837.00M$391.00M
Service, Other$16.00M$15.00M$15.00M$19.00M$34.00M$17.00M$19.00M$35.00M$16.00M
Core Advertising$392.00M$355.00M$361.00M$344.00M$753.00M$365.00M$372.00M$778.00M$379.00M
Political Advertising$12.00M$8.00M$9.00M$13.00M$297.00M$173.00M$27.00M$59.00M$12.00M

Gray Media's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Advertising (33.78%), Core Advertising (32.78%), Retransmission Consent (28.01%), Production Companies (3.09%), Service, Other (1.34%), and Political Advertising (1.00%).

Gray Media Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
JFINJiayin Group$5.47B$1.60B
IHRTiHeartMedia$3.86B$997.01M
ADVAdvantage Solutions$3.54B$915.01M
GTNGray Media$3.10B$749.00M
SSPE.W. Scripps$2.15B$525.85M
PERIPerion Network$743.15M$157.82M
BOCBoston Omaha$108.27M$28.20M
ATEXAnterix$6.03M-
NCMINational CineMedia$567.00K$63.40M
TTGTTechTarget$229.96K$274.00K

GTN Revenue FAQ

What is Gray Media’s yearly revenue?

Gray Media's yearly revenue for 2025 was $3.1B, representing a decrease of -15.07% compared to 2024. The company's yearly revenue for 2024 was $3.64B, representing an increase of 11.06% compared to 2023. GTN's yearly revenue for 2023 was $3.28B, representing a decrease of -10.75% compared to 2022.

What is Gray Media’s quarterly revenue?

Gray Media's quarterly revenue for Q3 2025 was $749M, a -2.98% decrease from the previous quarter (Q2 2025), and a -21.16% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $772M, a -1.28% decrease from the previous quarter (Q1 2025), and a -6.54% decrease year-over-year (Q2 2024). GTN's quarterly revenue for Q1 2025 was $782M, a -25.17% decrease from the previous quarter (Q4 2024), and a -4.98% decrease year-over-year (Q1 2024).

What is Gray Media’s revenue growth rate?

Gray Media's revenue growth rate for the last 3 years (2023-2025) was -5.67%, and for the last 5 years (2021-2025) was 28.26%.

What are Gray Media’s revenue streams?

Gray Media's revenue streams in c 25 are Service, Other, Retransmission Consent, Production Companies, Political Advertising, Core Advertising, and Advertising. Service, Other generated $65M in revenue, accounting 1.42% of the company's total revenue, down -7.14% year-over-year. Retransmission Consent generated $1.43B in revenue, accounting 31.14% of the company's total revenue, down -3.58% year-over-year. Production Companies generated $107M in revenue, accounting 2.33% of the company's total revenue, up 1.90% year-over-year. Political Advertising generated $42M in revenue, accounting 0.92% of the company's total revenue, down -91.55% year-over-year. Core Advertising generated $1.45B in revenue, accounting 31.64% of the company's total revenue, down -2.55% year-over-year. Advertising generated $1.49B in revenue, accounting 32.56% of the company's total revenue, down -24.81% year-over-year.

What is Gray Media’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Gray Media was Advertising. This segment made a revenue of $1.49B, representing 32.56% of the company's total revenue.