NYSE$GHC

Graham Holdings Co - Class B · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Graham Holdings Co - Class B reported Q2 2025 revenue of $1.22 billion and net income attributable to common stockholders of $36.7 million.

Graham Holdings reported consolidated revenue of $1.22 billion for the second quarter of 2025, up 3% from the prior year, driven by growth in education, healthcare, and other businesses. Operating income rose to $72.8 million from $25.9 million, reflecting improved segment performance and the absence of prior-year impairment charges. Net income attributable to common stockholders was $36.7 million ($8.35 diluted EPS) compared to a net loss in Q2 2024.

  • Q2 revenue increased 3% year-over-year to $1.22 billion, with education and healthcare segments showing strong growth.
  • Operating income more than doubled to $72.8 million, aided by higher segment profits and no repeat of 2024 impairment charges.
  • Diluted EPS was $8.35 on net income of $36.7 million attributable to common stockholders.
  • US revenue represented 78% of total, with international operations contributing the remaining 22%.

Headline financials

Total Revenue

$1.22B

Previous: $1.19B+2.6%
EPS (adj)

$8.35

Previous: -$4.79+274.3%
Class B shares outstanding

4.4M

No prior period
Capital Expenditures

-$32.3M

Previous: -$39.6M+18.4%
Net Income

$36.7M

Previous: -$21M+274.7%
Operating Income

$72.8M

Previous: $25.9M+180.8%
Cash & Equivalents

$176M

Previous: $141M+25.2%
Total Assets

$7.62B

Previous: $7.23B+5.3%

Revenue & EPS history

Graham Holdings · Revenue · Quarterly

$1.22B

Q2 2025+2.6%vs Q2 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Graham Holdings · $1.22B total across 6 segments · Q2 2025

  • Education
    $437M
  • Automotive
    $286M
  • Healthcare
    $202M
  • Television Broadcasting
    $106M
  • Manufacturing
    $96.2M
  • Other Businesses
    $89M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
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 2010-8.4%
Q4 2010-8.4%
Q2 2009-8.4%
Q1 2010+3.0%

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