Gray Media (GTN) Operating Expenses (2010 - 2026)
Gray Media (GTN) 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) Operating Expenses (2010 - 2026) Analysis & Trends
Gray Media (GTN) 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'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'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 | 5.40 Bn | 5.00 Bn | -505.00 Mn | 1.13 Bn |
| 2 | FuboTV | 3.40 Bn | 5.32 Bn | 348.72 Mn | 344.01 Mn |
| 3 | Newsmax | 970.61 Mn | 930.17 Mn | 21.36 Mn | 26.04 Mn |
| 4 | iHeartMedia | 620.04 Mn | 488.35 Mn | 509.13 Mn | 426.19 Mn |
| 5 | Gray Media | 389.45 Mn | 130.45 Mn | 213.00 Mn | 687.00 Mn |
| 6 | E.W. Scripps | 307.00 Mn | 223.28 Mn | 206.07 Mn | 492.10 Mn |
| 7 | CuriosityStream | 163.48 Mn | 154.27 Mn | 11.62 Mn | 22.57 Mn |
| 8 | Mediaco Holding | 68.20 Mn | 68.20 Mn | -3.44 Mn | 38.92 Mn |
| 9 | Saga Communications | 55.58 Mn | 25.14 Mn | 17.72 Mn | 22.01 Mn |
| 10 | Beasley Broadcast | 37.03 Mn | 30.60 Mn | - | 42.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |