Gray Television GTN Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| All Other Segments | $0— | $0— | $0— | $0— | $0— | |
| Broadcasting | $739M-2.1% | $755M+4.3% | $724M-4.0% | $754M-0.1% | $755M-25.1% | |
| Production Companies | $29M-21.6% | $37M+48.0% | $25M+38.9% | $18M-33.3% | $27M-27.0% | |
| Segment Reporting Other Item Amount by Business | ||||||
| All Other Segments | $19M+35.7% | $14M0.0% | $14M+27.3% | $11M-21.4% | $14M+27.3% | |
| Broadcasting | $96M-23.2% | $125M+28.9% | $97M+16.9% | $83M-10.8% | $93M-25.0% | |
| Production Companies | $18M+28.6% | $14M+16.7% | $12M-33.3% | $18M+80.0% | $10M0.0% | |
| Retransmission Expense by Business | ||||||
| All Other Segments | $0— | $0— | $0— | $0— | $0— | |
| Broadcasting | $197M-2.0% | $201M-6.1% | $214M-8.5% | $234M+0.4% | $233M+0.9% | |
| Production Companies | $0— | $0— | $0— | $0— | $0— | |
| Operating Income by Business | ||||||
| All Other Segments | -$40M-37.9% | -$29M-3.6% | -$28M-7.7% | -$26M+18.8% | -$32M-33.3% | |
| Broadcasting | $125M-13.2% | $144M+8.3% | $133M+16.7% | $114M-6.6% | $122M-64.6% | |
| Production Companies | -$4M— | —— | -$3M+50.0% | -$6M-400% | $2M-50.0% | |
| Total Assets by Business | ||||||
| All Other Segments | $361M-22.7% | $467M+63.3% | $286M+16.3% | $246M-4.3% | $257M+14.2% | |
| Broadcasting | $9.31B-0.2% | $9.33B-0.3% | $9.35B-0.3% | $9.38B-1.0% | $9.47B-1.7% | |
| Production Companies | $653M+0.9% | $647M-5.0% | $681M-5.8% | $723M+2.1% | $708M+4.0% | |
| Labor And Related Expense by Business | ||||||
| All Other Segments | $20M+42.9% | $14M0.0% | $14M0.0% | $14M-22.2% | $18M+38.5% | |
| Broadcasting | $226M+3.2% | $219M+1.4% | $216M+0.9% | $214M-0.5% | $215M-5.3% | |
| Production Companies | $6M-14.3% | $7M+40.0% | $5M0.0% | $5M0.0% | $5M-37.5% | |
| Depreciation And Amortization by Business | ||||||
| All Other Segments | $1M0.0% | $1M— | —— | $32M— | $0— | |
| Broadcasting | $59M+15.7% | $51M+2.0% | $50M-12.3% | $57M0.0% | $57M-8.1% | |
| Production Companies | $5M-16.7% | $6M0.0% | $6M+200% | $2M-66.7% | $6M+20.0% | |
| Goodwill by Business | ||||||
| All Other Segments | $0— | $0— | $0— | $0— | $0— | |
| Broadcasting | $2.62B+0.3% | $2.61B0.0% | $2.61B0.0% | $2.61B0.0% | $2.61B0.0% | |
| Production Companies | $28M0.0% | $28M0.0% | $28M0.0% | $28M0.0% | $28M0.0% | |
| Segment Expenditure Addition To Long Lived Assets by Business | ||||||
| All Other Segments | $0— | $0— | —— | —— | $0— | |
| Broadcasting | $10M-70.6% | $34M— | —— | —— | $10M-80.4% | |
| Production Companies | $9M0.0% | $9M— | —— | —— | $5M-56.5% | |
| Entertainment License Agreement For Program Material Amortization Expense by Business | ||||||
| All Other Segments | $0— | $0— | $0— | $0— | $0— | |
| Broadcasting | $36M+9.1% | $33M+37.5% | $24M0.0% | $24M-31.4% | $35M+2.9% | |
| Production Companies | $4M-60.0% | $10M+150% | $4M— | $0-100% | $4M-60.0% | |
| Cost of Goods Sold by Business | ||||||
| Broadcasting | $555M-0.4% | $557M+2.8% | $542M-3.7% | $563M-2.4% | $577M-3.5% | |
| Production Companies | $28M-15.2% | $33M+50.0% | $22M+10.0% | $20M0.0% | $20M-23.1% | |
| Equity Securities Without Readily Determinable Fair Value Amount by Business | ||||||
| All Other Segments | $13M0.0% | $13M0.0% | $13M0.0% | $13M-7.1% | $14M+7.7% | |
| Broadcasting | $18M-21.7% | $23M-46.5% | $43M+4.9% | $41M-24.1% | $54M+10.2% | |
| Production Companies | $1M0.0% | $1M— | $0-100% | $4M0.0% | $4M0.0% | |
| Revenue by Product | ||||||
| Advertising | $382M-5.4% | $404M+11.3% | $363M-1.9% | $370M+3.6% | $357M-43.3% | |
| Core Advertising | $352M-10.2% | $392M+10.4% | $355M-1.7% | $361M+4.9% | $344M-9.5% | |
| Political Advertising | $30M+150% | $12M+50.0% | $8M-11.1% | $9M-30.8% | $13M-94.8% | |
| Retransmission Consent | $339M+1.2% | $335M-3.2% | $346M-6.2% | $369M-2.6% | $379M+5.0% | |
| Service Other | $18M+12.5% | $16M+6.7% | $15M0.0% | $15M-21.1% | $19M+11.8% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Gray Television break its business down?
- Gray Television (GTN) reports revenue by business across 3 parts — All Other Segments, Broadcasting and Production Companies. Each is extracted from the segment footnotes and tracked over time.
- Where does Gray Television's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Gray Television's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
