<div id="readability-page-1">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 ...</div>

<p>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.</p>

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