Gray Media (GTN) Operating Expenses (2010 - 2026)
Gray Media's (GTN) quarterly Operating Expenses came in at $687.0 million in Q1 2026, little changed year-on-year from $690.0 million in Q1 2025, and up 1.63% on a QoQ basis 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.
- On a quarterly basis, Operating Expenses changed 0.43% year-over-year to $687.0 million in Q1 2026; TTM through Mar 2026 was $2.7 billion, a 3.02% decrease from a year earlier, with the FY2025 full-year figure at $2.7 billion, down 3.22% from the prior year.
- Operating Expenses for Q1 2026 stood at $687.0 million, up from $676.0 million in the prior quarter.
- Over the last five years, Operating Expenses for GTN reached as high as $751.0 million in Q4 2023 and fell as low as $647.0 million in Q3 2025.
- Historically, Operating Expenses has averaged $692.2 million across 5 years, with a median of $690.0 million in 2025.
- Across the five-year window, Operating Expenses jumped 49.66% in 2022 and dropped 7.57% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $709.0 million in 2022, then gained by 5.92% to $751.0 million in 2023, then dropped by 4.13% to $720.0 million in 2024, then retreated by 6.11% to $676.0 million in 2025, then gained by 1.63% to $687.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $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 | 5.66 Bn | 5.23 Bn | 785.00 Mn | 1.13 Bn |
| 2 | Newsmax | 840.22 Mn | 799.79 Mn | 21.36 Mn | 26.04 Mn |
| 3 | iHeartMedia | 565.51 Mn | 430.46 Mn | 509.13 Mn | 426.19 Mn |
| 4 | Gray Media | 389.45 Mn | 130.45 Mn | 213.00 Mn | 687.00 Mn |
| 5 | E.W. Scripps | 268.40 Mn | 184.68 Mn | 206.07 Mn | 492.10 Mn |
| 6 | FuboTV | 251.35 Mn | -201.06 Mn | 399.10 Mn | 344.01 Mn |
| 7 | CuriosityStream | 140.99 Mn | 107.64 Mn | 11.62 Mn | 22.57 Mn |
| 8 | Mediaco Holding | 83.31 Mn | 80.20 Mn | -3.44 Mn | 38.92 Mn |
| 9 | Saga Communications | 51.99 Mn | 21.56 Mn | 17.72 Mn | 22.01 Mn |
| 10 | Beasley Broadcast | 37.48 Mn | 31.05 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 |