NYSE$GHC
Graham Holdings Co - Class B · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported a decrease in net income but an increase in revenue, driven by growth in education, healthcare and automotive segments.
Graham Holdings Company reported a net income attributable to common shares of $52.3 million, or $10.88 per share, for the first quarter of 2023, compared to $95.6 million, or $19.45 per share, for the first quarter of 2022. Revenue for the first quarter of 2023 was $1,031.5 million, up 13% from $914.7 million in the first quarter of 2022. The company's operating income was $27.7 million, down from $40.0 million in the same period last year.
- Net income attributable to common shares decreased to $52.3 million ($10.88 per share) from $95.6 million ($19.45 per share) year-over-year.
- Revenue increased by 13% to $1,031.5 million compared to $914.7 million in the first quarter of 2022.
- Operating income declined to $27.7 million from $40.0 million year-over-year.
- Adjusted operating cash flow (non-GAAP) decreased to $71.6 million from $80.4 million year-over-year.
Headline financials
Revenue & EPS history
Graham Holdings · Revenue · Quarterly
$1.03B
Revenue by segment
Graham Holdings · $940M total across 5 segments · Q1 2023
- Education$378M+5.6%40.2%
- Automotive$233M+54.0%24.7%
- Manufacturing$115M-1.2%12.2%
- Television Broadcasting$113M-8.5%12.0%
- Healthcare$102M+51.7%10.9%
Forward guidance
The company did not provide specific forward guidance in this earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.7%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+0.5%
Avg return
30 days after
42%
28 / 67 earnings
Positive
+8.2%
Q3 2020
Best reaction
-9.4%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.4% | -2.0% | -4.6% | |
| Q4 2025 | -1.5% | -1.7% | -1.6% | |
| Q3 2025 | -1.3% | -2.2% | +4.4% | |
| Q1 2025 | -0.8% | +1.5% | +2.9% | |
| Q4 2024 | +0.7% | -2.4% | -2.1% | |
| Q3 2024 | +6.8% | +6.9% | +17.9% | |
| Q2 2024 | -9.4% | -14.0% | -2.4% | |
| Q1 2024 | +3.5% | +6.3% | +7.3% | |
| Q4 2023 | -2.8% | -1.5% | +4.7% | |
| Q3 2023 | +3.4% | +7.0% | +10.2% | |
| Q2 2023 | +1.4% | +4.0% | +1.3% | |
| Q1 2023 | -1.6% | +1.6% | +2.6% | |
| Q4 2022 | -4.0% | -4.4% | -12.6% | |
| Q3 2022 | +0.9% | +0.1% | -4.8% | |
| Q2 2022 | -2.6% | -3.1% | -8.1% | |
| Q1 2022 | +3.6% | +2.6% | +4.1% | |
| Q4 2021 | +2.2% | +0.8% | +4.0% | |
| Q3 2021 | +2.0% | +2.5% | -0.8% | |
| Q2 2021 | -1.6% | -4.6% | -8.9% | |
| Q1 2021 | +2.4% | +5.1% | +5.0% | |
| Q4 2020 | -5.4% | -5.8% | -7.8% | |
| Q3 2020 | +8.2% | +10.1% | +17.2% | |
| Q2 2020 | +2.0% | +4.6% | +5.4% | |
| Q1 2020 | -7.4% | +1.5% | +2.1% | |
| Q4 2019 | +0.1% | +1.8% | -28.7% | |
| Q3 2019 | -2.3% | -1.8% | -2.0% | |
| Q2 2019 | -3.6% | -7.4% | -5.5% | |
| Q1 2019 | -2.7% | -4.3% | -8.5% | |
| Q4 2018 | -1.1% | -0.1% | +0.4% | |
| Q3 2018 | +7.1% | +9.7% | +17.0% | |
| Q2 2018 | -1.2% | +0.9% | +0.7% | |
| Q1 2018 | -2.9% | -1.2% | -4.2% | |
| Q4 2017 | -1.9% | -2.6% | +1.9% | |
| Q3 2017 | -0.3% | -2.5% | +2.7% | |
| Q2 2017 | -3.5% | -1.4% | -2.8% | |
| Q1 2017 | -2.0% | -1.8% | +0.9% | |
| Q4 2016 | +2.1% | +4.2% | +9.5% | |
| Q3 2016 | -5.3% | -5.4% | +4.3% | |
| Q2 2016 | +1.0% | -1.0% | -0.5% | |
| Q1 2016 | +0.1% | — | — | |
| Q4 2015 | -3.9% | — | — | |
| Q3 2015 | -3.7% | — | — | |
| Q2 2015 | +0.3% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | +3.9% | — | — | |
| Q1 2014 | -0.8% | — | — | |
| Q2 2013 | -2.7% | — | — | |
| Q4 2013 | +3.9% | — | — | |
| Q3 2013 | +2.1% | — | — | |
| Q1 2013 | -0.1% | — | — | |
| Q4 2012 | -1.8% | — | — | |
| Q3 2012 | -1.7% | — | — | |
| Q2 2012 | +2.4% | — | — | |
| Q1 2012 | -2.3% | — | — | |
| Q4 2011 | +1.9% | — | — | |
| Q3 2011 | -2.6% | — | — | |
| Q2 2011 | +2.0% | — | — | |
| Q4 2008 | -0.4% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q3 2009 | +0.3% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q2 2009 | -8.4% | — | — | |
| Q2 2010 | -8.4% | — | — | |
| Q4 2010 | -8.4% | — | — | |
| Q1 2010 | +3.0% | — | — |
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