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Mar 31, 2023
Graham Holdings Q1 2023 Earnings Report
Reported a decrease in net income but an increase in revenue, driven by growth in education, healthcare and automotive segments.
Key Takeaways
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.
Net income attributable to common shares decreased to $52.3 million ($10.88 per share) from $95.6 million ($19.45 per share) year-over-year.
Revenue increased by 13% to $1,031.5 million compared to $914.7 million in the first quarter of 2022.
Operating income declined to $27.7 million from $40.0 million year-over-year.
Adjusted operating cash flow (non-GAAP) decreased to $71.6 million from $80.4 million year-over-year.
Graham Holdings
Graham Holdings
Graham Holdings Revenue by Segment
Revenue by Segment
Education Revenue
CapyFin.comTelevision Broadcasting Revenue
CapyFin.comManufacturing Revenue
CapyFin.comHealthcare Revenue
CapyFin.comAutomotive Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income