Gray Media Raises Q3 2026 Political Ad Guidance and Lifts Revenue Low End
Gray Media updated its third-quarter 2026 guidance, raising its political advertising revenue outlook to $188 million to $195 million and lifting the low end of its total revenue range to $950 million. The company also lowered its corporate and administrative expense estimate to $30 million to $35 million, and said the update was provided in connection with lender meetings about a potential credit facility refinancing.
Key points
- Political advertising revenue guidance raised to $188 million to $195 million, from $165 million to $185 million previously.
- Total revenue guidance now $950 million to $965 million, up from $935 million to $965 million.
- Total corporate and administrative expense guidance lowered to $30 million to $35 million, from $35 million to $40 million.
- Gray expects no outstanding borrowings under its Revolving Credit Facility as of September 30, 2026, and will report third-quarter results on November 6, 2026.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 28, 2026.
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