---
schema_version: "secwatch.filing_event.v1"
accession: "0000104889-22-000009"
form_type: "8-K"
ticker: "GHC"
cik: "0000104889"
company_name: "Graham Holdings Co"
filed_at: "2022-02-25T23:59:59+00:00"
generated_at: "2026-06-27T04:00:11.767519+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Graham Holdings Q4 adj EPS $8.55 vs $11.27; FY rev $3.19B (+10%); education up, broadcast down

## Summary
- Full-year 2021 GAAP net income $352.1M ($70.45 per share), up from $300.4M ($58.13) in 2020.
- Q4 GAAP net income $84.7M ($17.10), down from $237.1M ($47.34) due to absence of 2020 Megaphone sale gain.
- Adjusted net income for Q4 $42.4M ($8.55 per share) vs $56.4M ($11.27) a year ago.
- FY revenue rose 10% to $3.19B; operating income fell to $77.4M from $100.4M due to impairment charges.
- Education segment operating income surged to $50.6M from $11.6M; broadcasting operating income fell 23% to $149.4M.

## SEC filing metadata
- accession: 0000104889-22-000009
- form_type: 8-K
- ticker: GHC
- cik: 0000104889
- company_name: Graham Holdings Co
- filed_at: 2022-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104889/000010488922000009/0000104889-22-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104889/000010488922000009/ghc-20220225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104889-22-000009
- JSON: https://secwatch.observer/filing/0000104889-22-000009.json
- Plain text: https://secwatch.observer/filing/0000104889-22-000009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.