Gray Media (GTN) Cost of Revenue (2018 - 2026)

Gray Media (GTN) has reported Cost of Revenue for 9 consecutive years, with $555.0 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue fell 3.81% year-over-year to $555.0 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 1398.7% YoY), while the FY2025 annual figure was $2.2 billion, up 2597.59% from the prior year.
• Cost of Revenue was little changed at $555.0 million in Q1 2026 per GTN's latest filing, from $557.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $2.2 billion in Q4 2023 and bottomed at -$1.6 billion in Q4 2024.
• Historically, Cost of Revenue has averaged $428.4 million across 5 years, with a median of $555.0 million in 2023.
• Annual changes were most pronounced in 2022 — Cost of Revenue soared 5766.67% — and 2024, when it slumped 175.05%.
• Gray Media's Cost of Revenue stood at $570.0 million in 2022, then soared by 282.46% to $2.2 billion in 2023, then plunged by 175.05% to -$1.6 billion in 2024, then surged by 134.05% to $557.0 million in 2025, then declined by 0.36% to $555.0 million in 2026.
• Business Quant data shows GTN's Cost of Revenue at $555.0 million in Q1 2026, $557.0 million in Q4 2025, and $22.0 million in Q3 2025.