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Dec 31, 2022
Graham Holdings Q4 2022 Earnings Report
Reported a decrease in net income and an increase in revenue for Q4 2022.
Key Takeaways
Graham Holdings Company reported a net income attributable to common shares of $6.2 million ($1.28 per share) for the fourth quarter of 2022, compared to $84.7 million ($17.10 per share) for the same period of 2021. Revenue for the fourth quarter of 2022 was $1,064.0 million, up 23% from $862.9 million in 2021. The decrease in operating results is primarily due to the Leaf impairment charges and a decline in healthcare.
Net income attributable to common shares decreased to $6.2 million, or $1.28 per share, compared to $84.7 million, or $17.10 per share, for the same period of 2021.
Revenue increased by 23% to $1,064.0 million, from $862.9 million in 2021.
Operating loss was $54.9 million, compared to operating income of $22.5 million in 2021, impacted by Leaf impairment charges.
Education division revenue increased by 2% to $361.8 million, and television broadcasting revenue increased by 15% to $154.7 million.
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.comOther Businesses Revenue
CapyFin.com Forward Guidance
All public statements made by the Company and its representatives that are not statements of historical fact, including certain statements in this press release, in the Company’s Annual Report on Form 10-K and in the Company’s 2022 Annual Report to Stockholders, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Challenges Ahead
- Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the duration and severity of the COVID-19 pandemic and its effects on the Company’s operations, financial results, liquidity and cash flows.
- Other forward-looking statements include comments about expectations related to acquisitions or dispositions or related business activities, including the TOSA, the Company’s business strategies and objectives, anticipated results of license renewal applications, the prospects for growth in the Company’s various business operations and the Company’s future financial performance.
- As with any projection or forecast, forward-looking statements are subject to various risks and uncertainties, including the risks and uncertainties described in Item 1A of the Company’s Annual Report on Form 10-K, that could cause actual results or events to differ materially from those anticipated in such statements.
- Accordingly, undue reliance should not be placed on any forward-looking statement made by or on behalf of the Company.
- The Company assumes no obligation to update any forward-looking statement after the date on which such statement is made, even if new information subsequently becomes available.
Revenue & Expenses
Visualization of income flow from segment revenue to net income