Gray Media (GTN-A) Operating Expenses (2010 - 2026)

Gray Media (GTN-A) reported Operating Expenses of $687.0 million for Q1 2026, little changed year-over-year from $690.0 million in Q1 2025, and up 1.63% quarter-over-quarter from $676.0 million in Q4 2025.

Gray Media (GTN-A) Operating Expenses (2010 - 2026) Analysis & Trends

Gray Media (GTN-A) has 17 years of Operating Expenses data on file, last reported at $687.0 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $687.0 million, changed 0.43% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.7 billion (down 3.02% YoY), and the FY2025 annual result was $2.7 billion, down 3.22% from the prior year.
  • Operating Expenses improved to $687.0 million in Q1 2026 per GTN-A's latest filing, from $676.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $751.0 million in Q4 2023 and troughed at $647.0 million in Q3 2025.
  • A 5-year average of $692.2 million and a median of $690.0 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 49.66% in 2022, then fell 7.57% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $709.0 million in 2022, then grew by 5.92% to $751.0 million in 2023, then retreated by 4.13% to $720.0 million in 2024, then dropped by 6.11% to $676.0 million in 2025, then grew by 1.63% to $687.0 million in 2026.
  • Business Quant data shows GTN-A's Operating Expenses at $687.0 million in Q1 2026, $676.0 million in Q4 2025, and $647.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Nexstar Media 5.44 Bn 5.04 Bn -505.00 Mn 1.13 Bn
2 FuboTV 3.41 Bn 5.34 Bn 348.72 Mn 344.01 Mn
3 Newsmax 996.58 Mn 956.14 Mn 21.36 Mn 26.04 Mn
4 iHeartMedia 598.23 Mn 466.54 Mn 509.13 Mn 426.19 Mn
5 Gray Media 394.79 Mn 135.79 Mn 213.00 Mn 687.00 Mn
6 E.W. Scripps 304.31 Mn 220.58 Mn 206.07 Mn 492.10 Mn
7 CuriosityStream 163.77 Mn 154.55 Mn 11.62 Mn 22.57 Mn
8 Mediaco Holding 58.80 Mn 58.80 Mn -3.44 Mn 38.92 Mn
9 Saga Communications 54.09 Mn 23.65 Mn 17.72 Mn 22.01 Mn
10 Gray Media - - 213.00 Mn 687.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 687.00 Mn
Dec 31, 2025 676.00 Mn
Sep 30, 2025 647.00 Mn
Jun 30, 2025 690.00 Mn
Mar 31, 2025 690.00 Mn
Dec 31, 2024 720.00 Mn
Sep 30, 2024 700.00 Mn
Jun 30, 2024 674.00 Mn
Mar 31, 2024 699.00 Mn
Dec 31, 2023 751.00 Mn
Sep 30, 2023 719.00 Mn
Jun 30, 2023 694.00 Mn
Mar 31, 2023 734.00 Mn
Dec 31, 2022 709.00 Mn
Sep 30, 2022 664.00 Mn
Jun 30, 2022 650.00 Mn
Mar 31, 2022 663.00 Mn
Dec 31, 2021 616.00 Mn
Sep 30, 2021 534.00 Mn
Jun 30, 2021 439.00 Mn