Graham Holdings Company reported a net income attributable to common shares of $84.7 million for Q4 2021, a decrease compared to $237.1 million for the same period in 2020. The company's revenue increased by 10% to $862.9 million, driven by growth in education, healthcare, and automotive sectors, offset by declines in television broadcasting and manufacturing.
Q4 2021 net income attributable to common shares was $84.7 million ($17.10 per share), compared to $237.1 million ($47.34 per share) for the same period of 2020.
Q4 2021 revenue increased 10% to $862.9 million, up from $787.0 million in 2020.
Operating income for Q4 2021 was $22.5 million, down from $46.2 million in 2020.
Revenue increases were seen in education, healthcare, automotive, and other businesses, while television broadcasting and manufacturing experienced declines.
The COVID-19 pandemic is expected to continue to adversely impact the Company’s results in 2022, although at a reduced level.
Visualization of income flow from segment revenue to net income