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.
Revenue for the third quarter of 2022 increased by 25% to $1,012.4 million, compared to $809.4 million in the third quarter of 2021.
Net income attributable to common shares was $32.8 million ($6.76 per share) for the third quarter of 2022, compared to $39.6 million ($7.90 per share) for the third quarter of 2021.
Operating income for the third quarter of 2022 was $59.5 million, compared to an operating loss of $16.6 million for the third quarter of 2021.
Excluding certain items, net income attributable to common shares was $75.9 million ($15.65 per share) for the third quarter of 2022, compared to $29.5 million ($5.87 per share) for the third quarter of 2021.
The company did not provide specific forward guidance but expects improvement in both revenue and operating results to continue in the fourth quarter of 2022 for Clyde's Restaurant Group.
Visualization of income flow from segment revenue to net income