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-25.1% | $724M-21.6% | $754M-6.7% | $755M-5.5% | |
| Production Companies | $29M+7.4% | $37M0.0% | $25M-3.8% | $18M0.0% | $27M+12.5% | |
| Segment Reporting Other Item Amount by Business | ||||||
| All Other Segments | $19M+35.7% | $14M+27.3% | $14M+27.3% | $11M-21.4% | $14M+7.7% | |
| Broadcasting | $96M+3.2% | $125M+0.8% | $97M+4.3% | $83M-10.8% | $93M0.0% | |
| Production Companies | $18M+80.0% | $14M+40.0% | $12M-7.7% | $18M+125% | $10M0.0% | |
| Retransmission Expense by Business | ||||||
| All Other Segments | $0— | $0— | $0— | $0— | $0— | |
| Broadcasting | $197M-15.5% | $201M-13.0% | $214M-8.5% | $234M+0.4% | $233M-0.4% | |
| Production Companies | $0— | $0— | $0— | $0— | $0— | |
| Operating Income by Business | ||||||
| All Other Segments | -$40M-25.0% | -$29M-20.8% | -$28M-12.0% | -$26M+7.1% | -$32M-10.3% | |
| Broadcasting | $125M+2.5% | $144M-58.3% | $133M-51.8% | $114M-37.0% | $122M-20.8% | |
| Production Companies | -$4M-300% | —— | -$3M-200% | -$6M-500% | $2M+300% | |
| Total Assets by Business | ||||||
| All Other Segments | $361M+40.5% | $467M+108% | $286M— | $246M— | $257M— | |
| Broadcasting | $9.31B-1.8% | $9.33B-3.2% | $9.35B-4.9% | $9.38B-4.7% | $9.47B-3.8% | |
| Production Companies | $653M-7.8% | $647M-5.0% | $681M+2.6% | $723M+10.7% | $708M+3.7% | |
| Labor And Related Expense by Business | ||||||
| All Other Segments | $20M+11.1% | $14M+7.7% | $14M+7.7% | $14M0.0% | $18M+20.0% | |
| Broadcasting | $226M+5.1% | $219M-3.5% | $216M-2.3% | $214M-1.8% | $215M-4.9% | |
| Production Companies | $6M+20.0% | $7M-12.5% | $5M-16.7% | $5M+25.0% | $5M-16.7% | |
| Depreciation And Amortization by Business | ||||||
| All Other Segments | $1M— | $1M— | —— | $32M-11.1% | $0-100% | |
| Broadcasting | $59M+3.5% | $51M-17.7% | $50M-19.4% | $57M-8.1% | $57M-8.1% | |
| Production Companies | $5M-16.7% | $6M+20.0% | $6M+50.0% | $2M-66.7% | $6M+50.0% | |
| 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 | $10M0.0% | $34M-33.3% | —— | —— | $10M— | |
| Production Companies | $9M+80.0% | $9M-21.7% | —— | —— | $5M-56.5% | |
| Entertainment License Agreement For Program Material Amortization Expense by Business | ||||||
| All Other Segments | $0— | $0— | $0— | $0— | $0— | |
| Broadcasting | $36M+2.9% | $33M-2.9% | $24M+4.3% | $24M+14.3% | $35M+16.7% | |
| Production Companies | $4M0.0% | $10M0.0% | $4M0.0% | $0-100% | $4M-20.0% | |
| Cost of Goods Sold by Business | ||||||
| Broadcasting | $555M-3.8% | $557M-6.9% | $542M-5.1% | $563M-0.4% | $577M-1.0% | |
| Production Companies | $28M+40.0% | $33M+26.9% | $22M0.0% | $20M+42.9% | $20M-4.8% | |
| Equity Securities Without Readily Determinable Fair Value Amount by Business | ||||||
| All Other Segments | $13M-7.1% | $13M0.0% | $13M— | $13M— | $14M— | |
| Broadcasting | $18M-66.7% | $23M-53.1% | $43M— | $41M— | $54M— | |
| Production Companies | $1M-75.0% | $1M-75.0% | $0— | $4M— | $4M— | |
| Revenue by Product | ||||||
| Advertising | $382M+7.0% | $404M-35.9% | $363M-32.5% | $370M-11.9% | $357M-10.5% | |
| Core Advertising | $352M+2.3% | $392M+3.2% | $355M-2.7% | $361M-3.2% | $344M-7.5% | |
| Political Advertising | $30M+131% | $12M-95.2% | $8M-95.4% | $9M-80.9% | $13M-51.9% | |
| Retransmission Consent | $339M-10.6% | $335M-7.2% | $346M-6.2% | $369M-0.5% | $379M-0.5% | |
| Service Other | $18M-5.3% | $16M-5.9% | $15M-11.8% | $15M-11.8% | $19M0.0% |
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.
