Gray Media annual operating expenses
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Gray Media Operating Expenses Growth & History (GTN)
Gray Media's operating expenses was $2.70B for fiscal 2025.
View full Gray Media company overviewGray Media annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.70B | −$90.0M | −3.22% |
| 2024 | 2024-12-31 | $2.79B | −$105.0M | −3.62% |
| 2023 | 2023-12-31 | $2.90B | $212.0M | +7.89% |
| 2022 | 2022-12-31 | $2.69B | $654.0M | +32.19% |
| 2021 | 2021-12-31 | $2.03B | $403.0M | +24.74% |
| 2020 | 2020-12-31 | $1.63B | −$15.0M | −0.91% |
| 2019 | 2019-12-31 | $1.64B | $949.0M | +136.55% |
| 2018 | 2018-12-31 | $695.0M | $102.0M | +17.20% |
| 2017 | 2017-12-31 | $593.0M | $14.8M | +2.57% |
| 2016 | 2016-12-31 | $578.2M | $120.9M | +26.43% |
| 2015 | 2015-12-31 | $457.3M | $102.9M | +29.05% |
| 2014 | 2014-12-31 | $354.4M | $91.9M | +35.04% |
| 2013 | 2013-12-31 | $262.4M | $11.0M | +4.39% |
| 2012 | 2012-12-31 | $251.4M | $19.6M | +8.46% |
| 2011 | 2011-12-31 | $231.8M | −$7.3M | −3.06% |
| 2010 | 2010-12-31 | $239.1M | $11.8M | +5.19% |
| 2009 | 2009-12-31 | $227.3M | — | — |
Gray Media quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $703.0M | $13.0M | +1.88% |
| Q1 2026 | 2026-03-31 | $687.0M | −$3.0M | −0.43% |
| Q4 2025 | 2025-12-31 | $676.0M | −$44.0M | −6.11% |
| Q3 2025 | 2025-09-30 | $647.0M | −$53.0M | −7.57% |
| Q2 2025 | 2025-06-30 | $690.0M | $16.0M | +2.37% |
| Q1 2025 | 2025-03-31 | $690.0M | −$9.0M | −1.29% |
| Q4 2024 | 2024-12-31 | $720.0M | −$31.0M | −4.13% |
| Q3 2024 | 2024-09-30 | $700.0M | −$19.0M | −2.64% |
| Q2 2024 | 2024-06-30 | $674.0M | −$20.0M | −2.88% |
| Q1 2024 | 2024-03-31 | $699.0M | −$35.0M | −4.77% |
| Q4 2023 | 2023-12-31 | $751.0M | $42.0M | +5.92% |
| Q3 2023 | 2023-09-30 | $719.0M | $55.0M | +8.28% |
| Q2 2023 | 2023-06-30 | $694.0M | $44.0M | +6.77% |
| Q1 2023 | 2023-03-31 | $734.0M | $71.0M | +10.71% |
| Q4 2022 | 2022-12-31 | $709.0M | $93.0M | +15.10% |
| Q3 2022 | 2022-09-30 | $664.0M | $130.0M | +24.34% |
| Q2 2022 | 2022-06-30 | $650.0M | $211.0M | +48.06% |
| Q1 2022 | 2022-03-31 | $663.0M | $220.0M | +49.66% |
| Q4 2021 | 2021-12-31 | $616.0M | $175.0M | +39.68% |
| Q3 2021 | 2021-09-30 | $534.0M | $142.0M | +36.22% |
| Q2 2021 | 2021-06-30 | $439.0M | $53.0M | +13.73% |
| Q1 2021 | 2021-03-31 | $443.0M | $33.0M | +8.05% |
| Q4 2020 | 2020-12-31 | $441.0M | $42.0M | +10.53% |
| Q3 2020 | 2020-09-30 | $392.0M | $14.0M | +3.70% |
| Q2 2020 | 2020-06-30 | $386.0M | −$3.0M | −0.77% |
| Q1 2020 | 2020-03-31 | $410.0M | −$68.0M | −14.23% |
| Q4 2019 | 2019-12-31 | $399.0M | $221.0M | +124.16% |
| Q3 2019 | 2019-09-30 | $378.0M | $207.0M | +121.05% |
| Q2 2019 | 2019-06-30 | $389.0M | $219.0M | +128.82% |
| Q1 2019 | 2019-03-31 | $478.0M | $302.0M | +171.59% |
| Q4 2018 | 2018-12-31 | $178.0M | −$1.6M | −0.92% |
| Q3 2018 | 2018-09-30 | $171.0M | $1.9M | +1.14% |
| Q2 2018 | 2018-06-30 | $170.0M | $85.7M | +101.69% |
| Q1 2018 | 2018-03-31 | $176.0M | $16.0M | +10.01% |
| Q4 2017 | 2017-12-31 | $179.6M | $26.1M | +16.97% |
| Q3 2017 | 2017-09-30 | $169.1M | $25.1M | +17.40% |
| Q2 2017 | 2017-06-30 | $84.3M | −$58.7M | −41.04% |
| Q1 2017 | 2017-03-31 | $160.0M | $22.4M | +16.26% |
| Q4 2016 | 2016-12-31 | $153.6M | $28.0M | +22.29% |
| Q3 2016 | 2016-09-30 | $144.0M | $22.3M | +18.29% |
| Q2 2016 | 2016-06-30 | $142.9M | $38.2M | +36.52% |
| Q1 2016 | 2016-03-31 | $137.6M | $32.4M | +30.75% |
| Q4 2015 | 2015-12-31 | $125.6M | $19.7M | +18.63% |
| Q3 2015 | 2015-09-30 | $121.8M | $31.2M | +34.47% |
| Q2 2015 | 2015-06-30 | $104.7M | $20.6M | +24.56% |
| Q1 2015 | 2015-03-31 | $105.2M | $31.4M | +42.44% |
| Q4 2014 | 2014-12-31 | $105.9M | $33.6M | +46.49% |
| Q3 2014 | 2014-09-30 | $90.5M | $26.5M | +41.33% |
| Q2 2014 | 2014-06-30 | $84.1M | $21.1M | +33.49% |
| Q1 2014 | 2014-03-31 | $73.9M | $10.8M | +17.08% |
| Q4 2013 | 2013-12-31 | $72.3M | $4.2M | +6.16% |
| Q3 2013 | 2013-09-30 | $64.1M | $2.3M | +3.64% |
| Q2 2013 | 2013-06-30 | $63.0M | $1.3M | +2.15% |
| Q1 2013 | 2013-03-31 | $63.1M | $3.3M | +5.44% |
| Q4 2012 | 2012-12-31 | $68.1M | $10.0M | +17.21% |
| Q3 2012 | 2012-09-30 | $61.8M | $3.5M | +6.04% |
| Q2 2012 | 2012-06-30 | $61.6M | $4.5M | +7.82% |
| Q1 2012 | 2012-03-31 | $59.9M | $1.6M | +2.78% |
| Q4 2011 | 2011-12-31 | $58.1M | — | — |
| Q3 2011 | 2011-09-30 | $58.3M | −$2.4M | −3.95% |
| Q2 2011 | 2011-06-30 | $57.2M | −$327,000 | −0.57% |
| Q1 2011 | 2011-03-31 | $58.2M | — | — |
| Q3 2010 | 2010-09-30 | $60.7M | — | — |
| Q2 2010 | 2010-06-30 | $57.5M | — | — |
Gray Media operating expenses trends
Over the last five fiscal years, Gray Media's operating expenses increased from $1.63B to $2.70B, a change of $1.07B. The latest reported quarter, Q2 2026, shows $703.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Gray Media source filings ↗