Gray Media (GTN) Operating Income (2010 - 2026)
Gray Media's Operating Income was $136 million in Q2 2026, up 65.9% from $82 million a year earlier and up 67.9% from the prior quarter.
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Analysis
Gray Media (GTN) Operating Income (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Gray Media's Operating Income was $435 million through Jun 30, 2026, down 41.9% year-over-year; for FY2025, it was $392 million, down 53.9% from FY2024.
- Operating Income shows a five-year compound annual growth rate of -12.2% (FY2020 to FY2025).
- In earlier years, Operating Income was $851 million in FY2024 (+122.2%), $383 million in FY2023 (-61.3%), $990 million in FY2022 (+159.8%) and $381 million in FY2021 (-49.3%).
- The Q2 2026 figure marks the highest quarterly Operating Income since Q4 2024.
- Compared with a year earlier, Operating Income was higher in three of the last eight quarters, with growth averaging 30.5%.
- The best year-over-year quarter for Operating Income over five years was Q3 2022 (growth of 265.7%); the worst was Q4 2021 (a decline of 70.1%).
- Per Business Quant data, GTN's Operating Income in the three quarters before Q2 2026 was $81 million (Q1 2026), $116 million (Q4 2025) and $102 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.70 Bn | 63.36 Bn | 4.10 Bn | 237.00 Mn |
| 2 | Fox | 28.41 Bn | 14.21 Bn | - | - |
| 3 | Omnicom | 22.53 Bn | 4.62 Bn | 1.30 Bn | 922.50 Mn |
| 4 | News | 16.96 Bn | 8.44 Bn | - | - |
| 5 | Pearson | 11.84 Bn | 8.95 Bn | - | - |
| 6 | New York Times | 11.16 Bn | 8.64 Bn | 394.61 Mn | 118.02 Mn |
| 7 | Sirius Xm Holdings | 9.11 Bn | 8.68 Bn | 1.44 Bn | 472.00 Mn |
| 8 | Skydance | 7.66 Bn | 5.58 Bn | - | - |
| 9 | Wpp | 5.68 Bn | -6.36 Bn | - | - |
| 10 | Gray Media | 451.29 Mn | -533.71 Mn | 248.00 Mn | 136.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 136.00 Mn |
| Mar 31, 2026 | 81.00 Mn |
| Dec 31, 2025 | 116.00 Mn |
| Sep 30, 2025 | 102.00 Mn |
| Jun 30, 2025 | 82.00 Mn |
| Mar 31, 2025 | 92.00 Mn |
| Dec 31, 2024 | 325.00 Mn |
| Sep 30, 2024 | 250.00 Mn |
| Jun 30, 2024 | 152.00 Mn |
| Mar 31, 2024 | 124.00 Mn |
| Dec 31, 2023 | 113.00 Mn |
| Sep 30, 2023 | 84.00 Mn |
| Jun 30, 2023 | 119.00 Mn |
| Mar 31, 2023 | 67.00 Mn |
| Dec 31, 2022 | 363.00 Mn |
| Sep 30, 2022 | 245.00 Mn |
| Jun 30, 2022 | 218.00 Mn |
| Mar 31, 2022 | 164.00 Mn |
| Dec 31, 2021 | 105.00 Mn |
| Sep 30, 2021 | 67.00 Mn |
API Access
Gray Media Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=GTN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "GTN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=GTN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();