According to one embodiment, a display device includes a first polarizing element, a second polarizing element, and a light-modulating layer located between the first polarizing element and the second polarizing element, each of the first polarizing element and the second polarizing element includes a guest-host liquid crystal layer and a control electrode in an active area including at least one sub-area, the guest-host liquid crystal layer including dye having anisotropy in absorptive power for visible light, the control electrode controlling an alignment direction of the dye in the sub-area.