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Dec 31, 2020
Graham Holdings Q4 2020 Earnings Report
Reported an increase in net income and revenue, driven by gains in television broadcasting and healthcare, and the sale of Megaphone.
Key Takeaways
Graham Holdings Company reported a net income attributable to common shares of $237.1 million ($47.34 per share) for Q4 2020, compared to $145.9 million ($27.25 per share) for the same period of 2019. Revenue for the fourth quarter of 2020 was $787.0 million, up 3% from $763.5 million in 2019. The increase in revenue was largely due to significant political advertising revenue at television broadcasting and increases at manufacturing and healthcare, partially offset by declines at the education division and other businesses.
Net income attributable to common shares increased to $237.1 million ($47.34 per share) from $145.9 million ($27.25 per share) year-over-year.
Q4 revenue increased by 3% to $787.0 million, driven by growth in television broadcasting, manufacturing, and healthcare.
Operating income increased to $46.2 million from $30.3 million year-over-year.
The Company recorded a gain of $209.8 million on the sale of Megaphone.
Revenue by Segment
Forward Guidance
The COVID-19 pandemic is expected to continue to adversely impact the Company’s results into 2021, largely from reduced demand for the Company’s products and services.
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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