---
title: "Gray Media's Q1 retransmission weakness hurts stock; buy view still intact"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285587393.md"
description: "Gray Media (GTN) shares fell nearly 14% to $4.78 following a larger-than-expected Q1 FY26 loss, despite revenue being in line with expectations. The company reported a GAAP EPS of -$0.34, missing estimates by $0.06, with revenue at $768M, down 1.8% year-over-year. Investors are particularly concerned about profitability."
datetime: "2026-05-07T16:33:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285587393.md)
  - [en](https://longbridge.com/en/news/285587393.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285587393.md)
---

# Gray Media's Q1 retransmission weakness hurts stock; buy view still intact

Gray Media (GTN) shares plunged nearly 14% to around $4.78 after the broadcaster posted a wider-than-expected Q1 FY26 loss, even as revenue came in broadly in line. The company reported Q1 GAAP EPS of -$0.34, missing estimates by $0.06, while revenue stood at $768M, down 1.8% YoY. The bigger concern for investors was profitability, as Gray Media’s ...

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