Gray Media (GTN) Operating Expenses (2010 - 2026)
Gray Media (GTN) posted quarterly 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 reported Operating Expenses for 17 consecutive years, with $687.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses changed 0.43% year-over-year to $687.0 million; the TTM figure through Mar 2026 stood at $2.7 billion (down 3.02% YoY), while the FY2025 annual figure was $2.7 billion, down 3.22% from the prior year.
- Operating Expenses advanced to $687.0 million in Q1 2026 per GTN's latest filing, from $676.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $751.0 million in Q4 2023 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 49.66% — and 2025, when it fell 7.57%.
- Gray Media's Operating Expenses stood at $709.0 million in 2022, then increased by 5.92% to $751.0 million in 2023, then decreased by 4.13% to $720.0 million in 2024, then declined by 6.11% to $676.0 million in 2025, then increased 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nexstar Media | 5.74 Bn | 5.53 Bn | 1.06 Bn | 1.63 Bn |
| 2 | Newsmax | 1.40 Bn | 1.35 Bn | 23.33 Mn | 22.03 Mn |
| 3 | Gray Media | 480.19 Mn | 304.19 Mn | 270.00 Mn | 703.00 Mn |
| 4 | iHeartMedia | 457.30 Mn | 282.86 Mn | 576.68 Mn | 461.62 Mn |
| 5 | FuboTV | 308.81 Mn | -143.61 Mn | 399.10 Mn | 344.01 Mn |
| 6 | E.W. Scripps | 303.44 Mn | 290.39 Mn | 196.33 Mn | 1.65 Bn |
| 7 | CuriosityStream | 174.02 Mn | 125.62 Mn | 16.93 Mn | 14.07 Mn |
| 8 | Mediaco Holding | 80.93 Mn | 79.13 Mn | -1.26 Mn | 38.86 Mn |
| 9 | Saga Communications | 56.13 Mn | 28.29 Mn | 20.50 Mn | 23.44 Mn |
| 10 | Beasley Broadcast | 36.90 Mn | 30.20 Mn | - | 42.79 Mn |
Historic Data
Download 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 |