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Jun 30, 2024
Graham Holdings Q2 2024 Earnings Report
Reported financial results for the second quarter of 2024.
Key Takeaways
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.
Revenue increased by 7% to $1,185.3 million, driven by growth in education, healthcare, and automotive sectors.
Operating income decreased to $25.9 million due to goodwill and intangible asset impairment charges, as well as declines in television broadcasting and manufacturing.
The company reported a net loss attributable to common shares of $21.0 million ($4.79 per share).
Adjusted operating cash flow (non-GAAP) was $98.5 million, a slight decrease from $100.0 million in the second quarter of 2023.
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.comCorporate Office Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income