Gray Television GTN Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| All Other Segments | $0— | $0— | $0— | $0— | $0— | |
| Broadcasting | $2.97B-0.5% | $2.99B-7.8% | $3.24B-5.8% | $3.44B-1.5% | $3.5B-1.2% | |
| Production Companies | $109M+1.9% | $107M0.0% | $107M-0.9% | $108M0.0% | $108M+2.9% | |
| Segment Reporting Other Item Amount by Business | ||||||
| All Other Segments | $58M+9.4% | $53M+6.0% | $50M+6.4% | $47M-6.0% | $50M+2.0% | |
| Broadcasting | $401M+0.8% | $398M+0.3% | $397M+1.0% | $393M-2.5% | $403M0.0% | |
| Production Companies | $62M+14.8% | $54M+8.0% | $50M-2.0% | $51M+24.4% | $41M0.0% | |
| Retransmission Expense by Business | ||||||
| All Other Segments | $0— | $0— | $0— | $0— | $0— | |
| Broadcasting | $846M-4.1% | $882M-3.3% | $912M-2.1% | $932M+0.1% | $931M-0.1% | |
| Production Companies | $0— | $0— | $0— | $0— | $0— | |
| Operating Income by Business | ||||||
| All Other Segments | -$123M-7.0% | -$115M-4.5% | -$110M-2.8% | -$107M+1.8% | -$109M-2.8% | |
| Broadcasting | $516M+0.6% | $513M-28.2% | $714M-16.7% | $857M-7.3% | $924M-3.3% | |
| Total Assets by Business | ||||||
| All Other Segments | $1.36B+8.3% | $1.26B+23.9% | $1.01B— | —— | —— | |
| Broadcasting | $37.37B-0.4% | $37.54B-0.8% | $37.85B-1.3% | $38.33B-1.2% | $38.8B-1.0% | |
| Production Companies | $2.7B-2.0% | $2.76B-1.2% | $2.79B+0.6% | $2.78B+2.6% | $2.71B+0.9% | |
| Labor And Related Expense by Business | ||||||
| All Other Segments | $62M+3.3% | $60M+1.7% | $59M+1.7% | $58M0.0% | $58M+5.5% | |
| Broadcasting | $875M+1.3% | $864M-0.9% | $872M-0.6% | $877M-0.5% | $881M-1.2% | |
| Production Companies | $23M+4.5% | $22M-4.3% | $23M-4.2% | $24M+4.3% | $23M-4.2% | |
| Depreciation And Amortization by Business | ||||||
| Broadcasting | $217M+0.9% | $215M-4.9% | $226M-5.0% | $238M-2.1% | $243M-2.0% | |
| Production Companies | $19M-5.0% | $20M+5.3% | $19M+11.8% | $17M-19.0% | $21M+10.5% | |
| Goodwill by Business | ||||||
| All Other Segments | $0— | $0— | $0— | —— | —— | |
| Broadcasting | $10.47B+0.1% | $10.46B0.0% | $10.46B0.0% | $10.46B0.0% | $10.46B0.0% | |
| Production Companies | $112M0.0% | $112M0.0% | $112M0.0% | $112M0.0% | $112M0.0% | |
| Entertainment License Agreement For Program Material Amortization Expense by Business | ||||||
| All Other Segments | $0— | $0— | $0— | $0— | $0— | |
| Broadcasting | $117M+0.9% | $116M-0.9% | $117M+0.9% | $116M+2.7% | $113M+4.6% | |
| Production Companies | $18M0.0% | $18M0.0% | $18M0.0% | $18M-5.3% | $19M-5.0% | |
| Cost of Goods Sold by Business | ||||||
| Broadcasting | $2.22B-1.0% | $2.24B-1.8% | $2.28B-1.3% | $2.31B-0.1% | $2.31B-0.3% | |
| Production Companies | $103M+8.4% | $95M+8.0% | $88M0.0% | $88M+7.3% | $82M-1.2% | |
| Equity Securities Without Readily Determinable Fair Value Amount by Business | ||||||
| All Other Segments | $52M-1.9% | $53M0.0% | $53M— | —— | —— | |
| Broadcasting | $125M-22.4% | $161M-13.9% | $187M— | —— | —— | |
| Production Companies | $6M-33.3% | $9M-25.0% | $12M— | —— | —— | |
| Revenue by Product | ||||||
| Advertising | $1.52B+1.7% | $1.49B-13.1% | $1.72B-9.2% | $1.9B-2.6% | $1.95B-2.1% | |
| Core Advertising | $1.46B+0.6% | $1.45B+0.8% | $1.44B-0.7% | $1.45B-0.8% | $1.46B-1.9% | |
| Political Advertising | $59M+40.5% | $42M-85.0% | $280M-37.1% | $445M-7.9% | $483M-2.8% | |
| Retransmission Consent | $1.39B-2.8% | $1.43B-1.8% | $1.46B-1.6% | $1.48B-0.1% | $1.48B-0.1% | |
| Service Other | $64M-1.5% | $65M-1.5% | $66M-2.9% | $68M-2.9% | $70M0.0% |
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.
