Gray Media, Inc. today announced its financial results for the second quarter ended June 30, 2025, reporting total revenue of $772 million, which was a 6.5% decrease year-over-year and met Wall Street's expectations. However, the company reported a GAAP loss of $0.71 per share and a non-GAAP loss of $0.48 per share, both significantly below analysts' consensus estimates.
The company's revenue performance was impacted by continued softness in core advertising, particularly in the automotive segment, although contributions from legal, entertainment, and digital categories were better than expected. Political advertising finished above expectations for an off-cycle year, but overall revenue still declined.
For the third quarter of 2025, Gray Media provided revenue guidance of $742.5 million, which came in 5.1% below analysts' estimates. This outlook reflects cautious advertising trends and ongoing macroeconomic uncertainties. The company continues to focus on operational discipline and cost efficiency to navigate these headwinds.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.