Gray Media (GCZB) Stock Price & Analysis
GCZB Stock Chart & Stats
- Day’s Range
- EUR 3.98 - EUR 3.98
- 52-Week Range
- EUR 3.10 - EUR 5.25
- Previous Close
- EUR 3.82
- Volume
- N/A
- Average Volume (3M)
- 0
- Market Cap
- EUR 442.58M
- Enterprise Value
- EUR 6.71B
- Total Cash (Recent Filing)
- EUR 176.00M
- Total Debt (Recent Filing)
- EUR 5.89B
- Price to Earnings (P/E)
- ―
- Beta
- 1.12
- Next Earnings
- Nov 06, 2026 (Est.)
- EPS Estimate
- 0.77
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 7.03%
Bulls Say, Bears Say
Bulls Say
Retransmission Revenue Strength
Strong retransmission revenue provides a recurring, contract-based contribution that is less dependent on spot advertising. Above-40% margins and expected acceleration from contract renewals and acquired stations can support durable cash generation over the next several quarters.
Digital And Local Content Growth
Digital growth and expanding local direct business diversify Gray’s traditional broadcast model and create additional ways to monetize its audience. Continued investment in local programming and content can reinforce station engagement, advertiser value, and competitive positioning.
Refinancing And Deleveraging Actions
Extending more than $1.25 billion of debt maturities and lowering borrowing costs improves financial flexibility around future political cycles. Debt repurchases, preferred redemption, and planned refinancing savings also create a clearer path for cash flow to support deleveraging.
Bears Say
Elevated Leverage And Interest Burden
Although leverage is improving, a 5.73x total net leverage ratio and roughly $440 million of annual interest expense leave limited room for operating setbacks. The debt burden can constrain investment, reduce cash available for shareholders, and keep refinancing execution important.
Core Advertising Softness
Underlying advertising weakness indicates that reported growth is being supported partly by acquisitions and political demand rather than broad-based improvement. Continued pressure in consumer-facing, communications, health, and automotive categories could weigh on recurring revenue and margins.
Inconsistent Profitability
Repeated periods of net losses show that operating earnings do not consistently translate into positive bottom-line results. This volatility reduces the reliability of earnings-based cash retention, complicates capital allocation, and leaves performance more sensitive to advertising and financing conditions.
Gray Media News
GCZB FAQ
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Gray Media Stock Smart Score
Company Description
Gray Media
Gray Media, Inc. is a leading television broadcasting entity that manages an extensive portfolio of TV stations and digital assets throughout the United States, reaching 113 distinct television markets. In addition to its primary channels, the company transmits a diverse range of secondary digital networks, including affiliations with major broadcasters like ABC, CBS, NBC, and FOX. Its specialized digital offerings also encompass networks such as CW Plus, MY Network, MeTV, Justice, This TV, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network. The company further provides localized news and weather channels and offers video program production services. Founded in 1891, Gray Media, Inc. is based in Atlanta, Georgia, and was formerly known as Gray Communications Systems, Inc. before being rebranded as Gray Television, Inc. in August 2002.
- Sector
- Communicationservices
- Industry
- Broadcasting
- CEO
- Hilton Hatchett Howell Jr.
- Employees
- 9,374
- Website
- graymedia.com
- Address
- 4370 Peachtree Road, NE, Atlanta, GA, 30319, US
Gray Media (GCZB) Earnings & Revenues
GCZB Company Deck
GCZB Earnings Call
Earnings Call SentimentPositive
The call presents a predominantly positive operational and financial picture: revenue and adjusted EBITDA beat expectations, political and retransmission revenue outperformed guidance, digital growth accelerated, and management executed active M&A while taking concrete balance sheet actions (liquidity, debt repurchases, preferred redemption and authorized buybacks). Key challenges include persistent core advertising softness (mid-single-digit pressure ex-M&A), elevated corporate transaction costs, and a still-elevated leverage profile (total net leverage ~5.73x) that is improving but not yet to plan. Management emphasized using political cash flow to accelerate deleveraging and highlighted margin and synergy opportunities tied to retransmission and cost rationalization, but macro and timing risks remain.
View all DE:GCZB earnings summariesGCZB Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 13 | 3 | 6 |
| Technical Analysis | 6 | 3 | 1 |
| Moving Averages | 7 | 0 | 5 |
