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Gray Media (GTN-A) Cost of Revenue (2018 - 2025)

Gray Media (GTN-A) has disclosed Cost of Revenue for 8 consecutive years, with $2.2 billion as the latest value for Q4 2025.

  • Quarterly Cost of Revenue fell 3.67% to $2.2 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $3.3 billion through Dec 2025, up 15.13% year-over-year, with the annual reading at $2.2 billion for FY2025, 3.37% down from the prior year.
  • Cost of Revenue for Q4 2025 was $2.2 billion at Gray Media, up from $542.0 million in the prior quarter.
  • The five-year high for Cost of Revenue was $2.3 billion in Q4 2024, with the low at -$1.5 billion in Q4 2023.
  • Average Cost of Revenue over 5 years is $281.2 million, with a median of $24.0 million recorded in 2022.
  • The sharpest move saw Cost of Revenue surged 6980.0% in 2021, then plummeted 5837.04% in 2023.
  • Over 5 years, Cost of Revenue stood at $449.0 million in 2021, then crashed by 93.99% to $27.0 million in 2022, then tumbled by 5837.04% to -$1.5 billion in 2023, then skyrocketed by 245.9% to $2.3 billion in 2024, then fell by 3.67% to $2.2 billion in 2025.
  • According to Business Quant data, Cost of Revenue over the past three periods came in at $2.2 billion, $542.0 million, and $563.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.