Growth Metrics

Gray Media (GTN-A) Operating Expenses (2016 - 2025)

Gray Media (GTN-A) has disclosed Operating Expenses for 16 consecutive years, with $676.0 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses fell 6.11% to $676.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $2.7 billion through Dec 2025, down 3.22% year-over-year, with the annual reading at $2.7 billion for FY2025, 3.22% down from the prior year.
  • Operating Expenses for Q4 2025 was $676.0 million at Gray Media, up from $647.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $751.0 million in Q4 2023, with the low at $439.0 million in Q2 2021.
  • Average Operating Expenses over 5 years is $655.6 million, with a median of $683.0 million recorded in 2025.
  • The sharpest move saw Operating Expenses skyrocketed 49.66% in 2022, then dropped 7.57% in 2025.
  • Over 5 years, Operating Expenses stood at $616.0 million in 2021, then increased by 15.1% to $709.0 million in 2022, then rose by 5.92% to $751.0 million in 2023, then fell by 4.13% to $720.0 million in 2024, then fell by 6.11% to $676.0 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $676.0 million, $647.0 million, and $690.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.