Gray Media (GTN) Operating Expenses (2010 - 2026)
Gray Media's (GTN) quarterly Operating Expenses came in at $703.0 million in Q2 2026, up 1.88% year-over-year from $690.0 million in Q2 2025, and up 2.33% quarter-over-quarter from $687.0 million in Q1 2026.
Analysis
Gray Media (GTN) Operating Expenses (2010 - 2026) Analysis & Trends
Gray Media (GTN) has reported Operating Expenses for 17 consecutive years, with $703.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 1.88% year-over-year to $703.0 million in Q2 2026; TTM through Jun 2026 was $2.7 billion, a 3.11% decrease from a year earlier, with the FY2025 full-year figure at $2.7 billion, down 3.22% from the prior year.
- Operating Expenses was $703.0 million for Q2 2026 at Gray Media, up from $687.0 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 $692.8 million and a median of $692.0 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 49.66% in 2022 and declined 7.57% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $709.0 million in 2022, then climbed by 5.92% to $751.0 million in 2023, then fell by 4.13% to $720.0 million in 2024, then slipped by 6.11% to $676.0 million in 2025, then gained by 3.99% to $703.0 million in 2026.
- The last three Operating Expenses figures came in at $703.0 million (Q2 2026), $687.0 million (Q1 2026), and $676.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 70.20 Bn | 66.83 Bn | 4.10 Bn | 8.48 Bn |
| 2 | Fox | 24.58 Bn | 20.37 Bn | - | 2.38 Bn |
| 3 | Paramount Skydance | 11.36 Bn | 8.09 Bn | -2.08 Bn | -4.64 Bn |
| 4 | Versant Media | 5.24 Bn | 3.76 Bn | 994.00 Mn | 1.28 Bn |
| 5 | Nexstar Media | 5.04 Bn | 4.82 Bn | 1.06 Bn | 1.63 Bn |
| 6 | Newsmax | 1.37 Bn | 1.32 Bn | 23.33 Mn | 22.03 Mn |
| 7 | AMC Global Media | 497.91 Mn | 33.91 Mn | 258.71 Mn | 531.64 Mn |
| 8 | Gray Media | 466.48 Mn | 290.48 Mn | 270.00 Mn | 703.00 Mn |
| 9 | Starz Entertainment | 423.11 Mn | 321.01 Mn | - | - |
| 10 | E.W. Scripps | 289.16 Mn | 276.12 Mn | 196.33 Mn | 1.65 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 703.00 Mn |
| 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 |