Graham Holdings Co - Class B · Q2 2022 earnings

Briefing

Reported a net loss attributable to common shares compared to income for the same period last year, but excluding certain items, net income attributable to common shares increased.

Graham Holdings Company reported a net loss attributable to common shares of $67.5 million for Q2 2022, compared to income of $115.4 million for Q2 2021. Excluding certain items, net income attributable to common shares was $59.7 million for Q2 2022, compared to $44.6 million for Q2 2021. Revenue for Q2 2022 was $933.3 million, up 16% from $801.2 million in Q2 2021.

• Net loss attributable to common shares was $67.5 million, or $13.95 per share, compared to income of $115.4 million, or $22.99 per share, for the second quarter of 2021.
• Excluding certain items, net income attributable to common shares was $59.7 million, or $12.07 per share, compared to $44.6 million, or $8.85 per share, for the second quarter of 2021.
• Revenue increased 16% to $933.3 million, driven by growth in education, television broadcasting, healthcare, and automotive segments.
• Operating income increased to $39.3 million, compared to $37.6 million for the second quarter of 2021.

Headline financials

Revenue & EPS history

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 2021 Annual Report to Stockholders, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.