GTN-A
Gray Media, Inc.
GTN-A has slightly lower modeled downside risk, despite its lower overall score.
RDDT
Reddit, Inc.
RDDT has the edge over GTN-A overall, supported by stronger valuation and stronger fundamentals.
GTN-A Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Weak |
GTN-A's revenue and profitability are currently healthy, and its cash flow is stable, but its balance sheet is weak.
RDDT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDDT's revenue, profitability, cash flow and balance sheet are all currently healthy.
GTN-A PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.1x | $1.22 | -79% |
| Forward | 4.7x | $5.87 | — |
| Fair | 7.2x | $2.15 | -63% |
| Expensive | 14x | $4.15 | -29% |
| Current | 20x | $5.87 | — |
Historical ranges are pointers, not guarantees.
GTN-A's PE is in its expensive range at 20x. If earnings grow as analysts expect, today's price would be 4.7x next year's earnings, in its cheap range.
RDDT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $99.55 | — |
| Current | 20x | $99.55 | — |
| Cheap | 35x | $171 | +72% |
| Fair | 46x | $228 | +129% |
| Expensive | 53x | $262 | +163% |
Historical ranges are pointers, not guarantees.
RDDT has the edge over GTN-A in the historical PE scenario, which offers more potential upside but is not a forecast.
GTN-A Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for GTN-A, with profitability holding steady.
RDDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
RDDT has the edge over GTN-A on the outlook, with more favorable profitability expectations.
GTN-A Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.26 | +319% |
| Q3 2026 | $0.30 | -32% |
| Q2 2026 | -$0.60 | -139% |
| Q1 2026 | -$1.52 | -165% |
| Q4 2025 | -$1.41 | -142% |
| Q3 2025 | $0.44 | -71% |
| Q2 2025 | $1.54 | +2100% |
| Q1 2025 | $2.34 | +$2.46 |
| Q4 2024 | $3.36 | +$4.75 |
GTN-A has the stronger earnings trend. Trailing diluted EPS is down 32% for GTN-A versus RDDT down 39%.
RDDT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.32 | +29% |
| Q3 2024 | -$7.98 | -$7.17 |
| Q2 2024 | -$8.19 | -$7.15 |
| Q1 2024 | -$8.38 | -$7.25 |
| Q4 2023 | -$0.56 | +$0.41 |
| Q3 2023 | -$0.81 | -$0.02 |
| Q2 2023 | -$1.04 | -$0.48 |
| Q1 2023 | -$1.13 | -$0.48 |
| Q4 2022 | -$0.97 | -$0.19 |
RDDT has returned to profit: it earned $4.90 per share over the past year, after losing money the year before.
GTN-A Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $972M | +30% |
| Q2 2026 | $839M | +8.7% |
| Q1 2026 | $768M | -1.8% |
| Q4 2025 | $792M | -24% |
| Q3 2025 | $749M | -21% |
| Q2 2025 | $772M | -6.5% |
| Q1 2025 | $782M | -5% |
| Q4 2024 | $1B | +21% |
GTN-A's revenue has held roughly level: $972M last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +14 points |
| Q2 2026 | 16% | +5.6 points |
| Q1 2026 | 11% | -1.2 points |
| Q4 2025 | 15% | -17 points |
| Q3 2025 | 14% | -13 points |
| Q2 2025 | 11% | -7.8 points |
| Q1 2025 | 12% | -3.3 points |
| Q4 2024 | 31% | +18 points |
GTN-A's operating margin was 27% last quarter, up 14 points from the same quarter a year ago.
RDDT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $895M | +53% |
| Q2 2026 | $804.9M | +61% |
| Q1 2026 | $663.4M | +69% |
| Q4 2025 | $725.6M | +70% |
| Q3 2025 | $584.9M | +68% |
| Q2 2025 | $499.6M | +78% |
| Q1 2025 | $392.4M | +61% |
| Q4 2024 | $427.7M | +71% |
RDDT has the edge over GTN-A on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 29% | +5.5 points |
| Q2 2026 | 29% | +15 points |
| Q1 2026 | 28% | +27 points |
| Q4 2025 | 32% | +20 points |
| Q3 2025 | 24% | +22 points |
| Q2 2025 | 14% | +25 points |
| Q1 2025 | 1% | +244 points |
| Q4 2024 | 12% | +11 points |
RDDT has the edge over GTN-A on profitability, with a higher operating margin.
GTN-A Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $99M | +$110M |
| Q2 2026 | $106M | +1667% |
| Q1 2026 | -$18M | -115% |
| Q4 2025 | $69M | -79% |
| Q3 2025 | -$11M | -104% |
| Q2 2025 | $6M | +$17M |
| Q1 2025 | $117M | +244% |
| Q4 2024 | $328M | +1326% |
GTN-A still generates free cash flow, though less than at its 2024 peak: $256M over the past year.
RDDT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $362.6M | +98% |
| Q2 2026 | $260.7M | +135% |
| Q1 2026 | $311.2M | +146% |
| Q4 2025 | $263.6M | +196% |
| Q3 2025 | $183.1M | +161% |
| Q2 2025 | $110.8M | +308% |
| Q1 2025 | $126.6M | +333% |
| Q4 2024 | $89.2M | +$111.2M |
RDDT has the edge over GTN-A on cash flow, with more consistent year-over-year improvement.
GTN-A Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +3.1% | +3M shares |
| 3 years | +7.5% | +7M shares |
| 5 years | +5.3% | +5M shares |
| Available history | 0% | -- |
GTN-A has 100M diluted shares, up 3.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q4 2021 | $30M |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
RDDT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -169K shares |
| 1 year | -0.4% | -868K shares |
| 3 years | +24% | +38.5M shares |
| 5 years | +24% | +38.5M shares |
RDDT has the edge over GTN-A on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100.4M |
| Q2 2026 | $234.6M |
| Q1 2026 | $5M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $4.2M |
| Q4 2022 | — |
GTN-A Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.8x | High |
| Q2 2026 | 8.4x | High |
| Q1 2026 | 8.9x | High |
| Q4 2025 | 8.6x | High |
| Q3 2025 | 6.4x | High |
| Q2 2025 | 5.4x | High |
| Q1 2025 | 5.0x | High |
| Q4 2024 | 4.9x | High |
GTN-A's net debt is about 6.8 years of its operating earnings (EBITDA), up from 6.4 years a year ago.
RDDT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -2.1x | Net Cash |
| Q3 2025 | -3.3x | Net Cash |
| Q2 2025 | -5.0x | Net Cash |
| Q1 2025 | -13.1x | Net Cash |
RDDT has the edge over GTN-A on leverage, with a lower net debt burden relative to earnings.
GTN-A Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.0 | Neutral |
| Stochastic | 39.1 | Neutral |
GTN-A's weekly RSI is 44 (neutral) and its Stochastic is 39 (neutral).
RDDT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 6.5 | Oversold |
RDDT's weekly RSI is 35 (neutral) and its Stochastic is 6 (oversold).
GTN-A PE vs Communication Services Sector
| Metric | GTN-A | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 16x | 19% above |
| PE % | 87 | 26 | 61 pts above |
GTN-A has the edge over RDDT on valuation relative to its sector.
RDDT PE vs Communication Services Sector
| Metric | RDDT | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 16x | 23% above |
| PE % | 5 | 23 | 18 pts below |
RDDT is trading at 20x earnings, a 23% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
GTN-A Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.84 | 0.5% above |
| 20 week MA | $6.12 | 4.1% below |
| 50 week MA | $8.88 | 34% below |
| 100 week MA | $8.76 | 33% below |
| 200 week MA | $8.64 | 32% below |
GTN-A has stronger trend alignment. GTN-A is above 1 of 5 weekly averages versus RDDT above 0 of 4.
RDDT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $130.6 | 24% below |
| 20 week MA | $151.7 | 34% below |
| 50 week MA | $165.0 | 40% below |
| 100 week MA | $167.1 | 40% below |
RDDT is in a downtrend: it's below all four of its weekly moving averages, and 40% below its 100-week average.
GTN-A Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.4 | $16.1 | -21% |
| 2021 | $16.1 | $18.8 | +17% |
| 2022 | $18.8 | $10.1 | -46% |
| 2023 | $10.1 | $8.57 | -15% |
| 2024 | $8.57 | $6.78 | -21% |
| 2025 | $6.78 | $9.81 | +45% |
| 2026 YTD | $9.81 | $5.87 | -40% |
GTN-A has the edge over RDDT on returns for 2026, with the stronger performance.
RDDT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $46.0 | $173.5 | +277% |
| 2025 | $173.5 | $225.8 | +30% |
| 2026 YTD | $225.8 | $99.6 | -56% |
RDDT has finished every year since 2024 higher, and it's down 56% so far in 2026.