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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.
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
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