Graham Holdings Earnings Reports

Graham Holdings Company reported a 1% increase in revenue for the first quarter of 2025, reaching $1,165.9 million, up from $1,152.7 million in the prior year. Operating income saw a significant 34% rise to $47.5 million, compared to $35.4 million in the first quarter of 2024. Net income attributable to common shares, as reported, decreased substantially to $23.9 million ($5.45 per share) from $124.4 million ($27.72 per share) in the prior year, largely due to a significant interest expense related to the fair value adjustment of a mandatorily redeemable noncontrolling interest and lower net gains on marketable equity securities. Excluding these items and others, adjusted net income attributable to common shares was $51.0 million ($11.64 per share), a slight increase from $50.4 million ($11.24 per share) in the first quarter of 2024.

Graham Holdings Company reported a 7% increase in fourth-quarter revenue to $1,245.8 million and a substantial rise in net income attributable to common shares to $548.8 million, up from $53.3 million in the prior year. This growth was primarily driven by strong performance in education, television broadcasting, and healthcare segments.

Graham Holdings Company reported a 9% increase in revenue for the third quarter of 2024, reaching $1,207.2 million. The company's operating income improved significantly to $81.6 million, compared to an operating loss of $57.1 million in the same quarter of the previous year. Net income attributable to common shares was $72.5 million, or $16.42 per share, compared to a net loss of $23.0 million, or $5.02 per share, in Q3 2023.

Graham Holdings Company reported a revenue increase of 7% to $1,185.3 million compared to the second quarter of 2023. However, the company experienced a decrease in operating income to $25.9 million, down from $58.1 million in the same period last year, primarily due to impairment charges and declines in television broadcasting and manufacturing. The company reported a net loss attributable to common shares of $21.0 million ($4.79 per share) for the second quarter of 2024, compared to income of $122.8 million ($25.89 per share) for the second quarter of 2023.

Graham Holdings Company reported a revenue increase of 12% to $1,152.7 million and an operating income increase to $35.4 million for the first quarter of 2024. Net income attributable to common shares was $124.4 million ($27.72 per share), compared to $52.3 million ($10.88 per share) for the first quarter of 2023.

Graham Holdings Company reported a 10% increase in revenue for Q4 2023, reaching $1,166.8 million compared to $1,064.0 million in 2022. Operating income was $40.8 million, a significant improvement from an operating loss of $54.9 million in the same period last year. Net income attributable to common shares was $53.3 million ($11.72 per share), compared to $6.2 million ($1.28 per share) for the same period of 2022.

Graham Holdings Company reported a net loss attributable to common shares of $23.0 million, or $5.02 per share, for the third quarter of 2023, compared to net income of $32.8 million, or $6.76 per share, for the third quarter of 2022. Revenue for the third quarter of 2023 was $1,111.5 million, up 10% from $1,012.4 million in the third quarter of 2022. The operating loss was $57.1 million for the third quarter of 2023, compared to operating income of $59.5 million for the third quarter of 2022.

Graham Holdings Company reported a net income attributable to common shares of $122.8 million, or $25.89 per share, for the second quarter of 2023, compared to a net loss of $67.5 million, or $13.95 per share, for the second quarter of 2022. Revenue for the second quarter of 2023 was $1,105.0 million, up 18% from $933.3 million in the second quarter of 2022.

Graham Holdings Company reported a net income attributable to common shares of $52.3 million, or $10.88 per share, for the first quarter of 2023, compared to $95.6 million, or $19.45 per share, for the first quarter of 2022. Revenue for the first quarter of 2023 was $1,031.5 million, up 13% from $914.7 million in the first quarter of 2022. The company's operating income was $27.7 million, down from $40.0 million in the same period last year.

Graham Holdings Company reported a net income attributable to common shares of $6.2 million ($1.28 per share) for the fourth quarter of 2022, compared to $84.7 million ($17.10 per share) for the same period of 2021. Revenue for the fourth quarter of 2022 was $1,064.0 million, up 23% from $862.9 million in 2021. The decrease in operating results is primarily due to the Leaf impairment charges and a decline in healthcare.

Graham Holdings Company reported net income attributable to common shares of $32.8 million, or $6.76 per share, for the third quarter of 2022, compared to $39.6 million, or $7.90 per share, for the third quarter of 2021. Revenue increased by 25% to $1,012.4 million. Operating income was $59.5 million, compared to an operating loss of $16.6 million in the prior year.

Graham Holdings Company reported a net loss attributable to common shares of $67.5 million for Q2 2022, compared to income of $115.4 million for Q2 2021. Excluding certain items, net income attributable to common shares was $59.7 million for Q2 2022, compared to $44.6 million for Q2 2021. Revenue for Q2 2022 was $933.3 million, up 16% from $801.2 million in Q2 2021.

Graham Holdings Company reported a net income attributable to common shares of $95.6 million ($19.45 per share) for Q1 2022, compared to $112.5 million ($22.44 per share) for Q1 2021. Revenue for the first quarter of 2022 was $914.7 million, up 28% from $712.5 million in the first quarter of 2021. The Company reported operating income of $40.0 million for the first quarter of 2022, compared to $33.8 million for the first quarter of 2021.

Graham Holdings Company reported a net income attributable to common shares of $84.7 million for Q4 2021, a decrease compared to $237.1 million for the same period in 2020. The company's revenue increased by 10% to $862.9 million, driven by growth in education, healthcare, and automotive sectors, offset by declines in television broadcasting and manufacturing.

Graham Holdings Company reported a decrease in net income for the third quarter of 2021 compared to the same period in 2020. Revenue increased, but operating results declined in several divisions. The COVID-19 pandemic continued to impact the Company's results.

Graham Holdings Company reported a substantial increase in net income attributable to common shares for the second quarter of 2021, reaching $115.4 million ($22.99 per share) compared to $18.9 million ($3.60 per share) for the second quarter of 2020. Revenue also saw a significant increase, rising by 23% to $801.2 million. The company's operating income increased to $37.6 million, driven by improved results across multiple divisions, including education, television broadcasting, and manufacturing. The acquisition of Leaf Group Ltd. in June 2021 also contributed to the company's overall performance.

Graham Holdings Company reported a net income attributable to common shares of $112.5 million for Q1 2021, compared to a loss of $33.2 million for Q1 2020. Revenue was $712.5 million, a 3% decrease from $732.3 million in Q1 2020. Operating income was $33.8 million, compared to $8.1 million in the same period last year.

Graham Holdings Company reported a net income attributable to common shares of $237.1 million ($47.34 per share) for Q4 2020, compared to $145.9 million ($27.25 per share) for the same period of 2019. Revenue for the fourth quarter of 2020 was $787.0 million, up 3% from $763.5 million in 2019. The increase in revenue was largely due to significant political advertising revenue at television broadcasting and increases at manufacturing and healthcare, partially offset by declines at the education division and other businesses.

Graham Holdings Company reported net income attributable to common shares of $77.6 million ($15.22 per share) for the third quarter of 2020, compared to $43.1 million ($8.05 per share) for the third quarter of 2019. Revenue for the third quarter of 2020 was $717.0 million, down 3% from $738.8 million in the third quarter of 2019. The operating income increase is driven by higher earnings in education, television broadcasting and healthcare, partially offset by declines in manufacturing and other businesses.

Graham Holdings Company reported a decrease in net income attributable to common shares of $18.9 million ($3.60 per share) for the second quarter of 2020, compared to $57.1 million ($10.65 per share) for the second quarter of 2019. Revenue for the second quarter of 2020 was $652.9 million, down 11% from $737.6 million in the second quarter of 2019. The COVID-19 pandemic significantly impacted the Company’s results.

Graham Holdings Company reported a net loss attributable to common shares of $33.2 million for the first quarter of 2020, compared to income of $81.7 million for the first quarter of 2019. The COVID-19 pandemic significantly impacted the Company’s first quarter 2020 results, largely from reduced demand for the Company’s products and services. Revenue for the first quarter of 2020 was $732.3 million, up 6% from $692.2 million in the first quarter of 2019.

Graham Holdings Company reported a net income attributable to common shares of $145.9 million ($27.25 per share) for Q4 2019, compared to $56.7 million ($10.61 per share) for the same period in 2018. Revenue for the fourth quarter of 2019 was $763.5 million, up 11% from $689.1 million in 2018. The increase in revenue was largely due to the acquisition of two automotive dealerships in January 2019 and the acquisition of Clyde’s Restaurant Group (CRG) in July 2019.