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Sep 30, 2023
Graham Holdings Q3 2023 Earnings Report
Reported a net loss due to goodwill impairment charges, declines in television broadcasting, manufacturing, automotive, and other businesses, offset by an increase in education.
Key Takeaways
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.
Third quarter revenue increased by 10% year-over-year to $1,111.5 million.
Net loss attributable to common shares was $23.0 million, or $5.02 per share, compared to net income of $32.8 million, or $6.76 per share, in the same quarter last year.
Operating loss was $57.1 million, a decrease from the operating income of $59.5 million in the third quarter of 2022.
Adjusted operating cash flow was $83.7 million, down from $99.4 million in the third quarter of 2022.
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 the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income