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Sep 30, 2024
Graham Holdings Q3 2024 Earnings Report
Graham Holdings reported an increase in revenue and a shift from operating loss to operating income, driven by improvements in education, television broadcasting, healthcare, and automotive sectors.
Key Takeaways
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.
Revenue increased by 9% to $1,207.2 million, driven by growth in education, television broadcasting, healthcare, and automotive sectors.
Operating income improved to $81.6 million, compared to an operating loss of $57.1 million in the third quarter of 2023.
Net income attributable to common shares was $72.5 million ($16.42 per share) compared to a net loss of $23.0 million ($5.02 per share) for the same period last year.
Adjusted operating cash flow (non-GAAP) increased to $126.1 million, compared to $83.7 million in the third quarter of 2023.
Revenue by Segment
Forward Guidance
The Company estimates that it will record a one-time pre-tax settlement gain of approximately $700 million in the fourth quarter of 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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