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

Gray Media (GTN) has disclosed Cost of Revenue for 8 consecutive years, with -$487.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 181.44% to -$487.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $95.0 million, a 95.9% decrease, with the full-year FY2025 number at $95.0 million, down 95.9% from a year prior.
  • Cost of Revenue was -$487.0 million for Q4 2025 at Gray Media, down from $542.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $1.5 billion in Q4 2021 to a low of -$487.0 million in Q4 2025.
  • A 5-year average of $392.0 million and a median of $539.5 million in 2022 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: soared 13860.0% in 2021, then crashed 191.86% in 2023.
  • Gray Media's Cost of Revenue stood at $1.5 billion in 2021, then tumbled by 62.23% to $570.0 million in 2022, then plummeted by 95.26% to $27.0 million in 2023, then soared by 2114.81% to $598.0 million in 2024, then tumbled by 181.44% to -$487.0 million in 2025.
  • Per Business Quant, the three most recent readings for GTN's Cost of Revenue are -$487.0 million (Q4 2025), $542.0 million (Q3 2025), and $20.0 million (Q2 2025).