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
DateValue
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