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Gray Media (GTN) Operating Expenses (2016 - 2025)

Gray Media (GTN) has disclosed Operating Expenses for 16 consecutive years, with $676.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses fell 6.11% to $676.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $2.7 billion, a 3.22% decrease, with the full-year FY2025 number at $2.7 billion, down 3.22% from a year prior.
  • Operating Expenses was $676.0 million for Q4 2025 at Gray Media, up from $647.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $751.0 million in Q4 2023 to a low of $439.0 million in Q2 2021.
  • A 5-year average of $655.6 million and a median of $683.0 million in 2025 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: soared 49.66% in 2022, then fell 7.57% in 2025.
  • Gray Media's Operating Expenses stood at $616.0 million in 2021, then grew by 15.1% to $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 decreased by 6.11% to $676.0 million in 2025.
  • Per Business Quant, the three most recent readings for GTN's Operating Expenses are $676.0 million (Q4 2025), $647.0 million (Q3 2025), and $690.0 million (Q2 2025).