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-15.0% | $2.99B-15.6% | $3.24B-3.6% | $3.44B+6.8% | $3.5B+8.7% | |
| Production Companies | $109M+0.9% | $107M+1.9% | $107M+7.0% | $108M+14.9% | $108M+22.7% | |
| Segment Reporting Other Item Amount by Business | ||||||
| All Other Segments | $58M+16.0% | $53M+8.2% | $50M-4.8% | $47M-16.1% | $50M-11.5% | |
| Broadcasting | $401M-0.5% | $398M-1.2% | $397M+5.7% | $393M+3.7% | $403M+5.4% | |
| Production Companies | $62M+51.2% | $54M+31.7% | $50M+2.0% | $51M-5.6% | $41M-35.9% | |
| Retransmission Expense by Business | ||||||
| All Other Segments | $0— | $0— | $0— | $0— | $0— | |
| Broadcasting | $846M-9.1% | $882M-5.4% | $912M-2.5% | $932M-0.4% | $931M-0.6% | |
| Production Companies | $0— | $0— | $0— | $0— | $0— | |
| Operating Income by Business | ||||||
| All Other Segments | -$123M-12.8% | -$115M-8.5% | -$110M+0.9% | -$107M+7.0% | -$109M+6.0% | |
| Broadcasting | $516M-44.2% | $513M-46.3% | $714M-5.8% | $857M+35.4% | $924M+52.5% | |
| Total Assets by Business | ||||||
| All Other Segments | $1.36B— | $1.26B— | $1.01B— | —— | —— | |
| Broadcasting | $37.37B-3.7% | $37.54B-4.2% | $37.85B-4.0% | $38.33B-2.9% | $38.8B-2.1% | |
| Production Companies | $2.7B-0.1% | $2.76B+2.9% | $2.79B+5.1% | $2.78B+4.7% | $2.71B+2.4% | |
| Labor And Related Expense by Business | ||||||
| All Other Segments | $62M+6.9% | $60M+9.1% | $59M+6.3% | $58M+3.6% | $58M+4.5% | |
| Broadcasting | $875M-0.7% | $864M-3.1% | $872M-1.0% | $877M+0.1% | $881M+0.7% | |
| Production Companies | $23M0.0% | $22M-8.3% | $23M+8.2% | $24M+17.1% | $23M+5.7% | |
| Depreciation And Amortization by Business | ||||||
| Broadcasting | $217M-10.7% | $215M-13.3% | $226M-15.4% | $238M-16.8% | $243M-20.1% | |
| Production Companies | $19M-9.5% | $20M+5.3% | $19M+5.6% | $17M+6.3% | $21M+50.0% | |
| 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% | $112M-13.2% | |
| Entertainment License Agreement For Program Material Amortization Expense by Business | ||||||
| All Other Segments | $0— | $0— | $0— | $0— | $0— | |
| Broadcasting | $117M+3.5% | $116M+7.4% | $117M+18.8% | $116M+16.0% | $113M+9.2% | |
| Production Companies | $18M-5.3% | $18M-10.0% | $18M+10.8% | $18M-2.7% | $19M-20.0% | |
| Cost of Goods Sold by Business | ||||||
| Broadcasting | $2.22B-4.1% | $2.24B-3.4% | $2.28B-1.9% | $2.31B0.0% | $2.31B+0.7% | |
| Production Companies | $103M+25.6% | $95M+14.5% | $88M+4.8% | $88M+10.0% | $82M+6.5% | |
| Equity Securities Without Readily Determinable Fair Value Amount by Business | ||||||
| All Other Segments | $52M— | $53M— | $53M— | —— | —— | |
| Broadcasting | $125M— | $161M— | $187M— | —— | —— | |
| Production Companies | $6M— | $9M— | $12M— | —— | —— | |
| Revenue by Product | ||||||
| Advertising | $1.52B-21.9% | $1.49B-24.8% | $1.72B-4.7% | $1.9B+14.4% | $1.95B+19.5% | |
| Core Advertising | $1.46B-0.1% | $1.45B-2.6% | $1.44B-5.6% | $1.45B-4.8% | $1.46B-4.4% | |
| Political Advertising | $59M-87.8% | $42M-91.5% | $280M0.0% | $445M+235% | $483M+393% | |
| Retransmission Consent | $1.39B-6.1% | $1.43B-3.6% | $1.46B-2.1% | $1.48B-1.1% | $1.48B-2.5% | |
| Service Other | $64M-8.6% | $65M-7.1% | $66M-8.3% | $68M-4.2% | $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.
