---
schema_version: "secwatch.filing_event.v1"
accession: "0000104889-22-000015"
form_type: "8-K"
ticker: "GHC"
cik: "0000104889"
company_name: "Graham Holdings Co"
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:21:21.876147+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Graham Holdings Q1 adj net income rises 35% to $62.7M; revenue up 28% to $914.7M

## Summary
- GAAP net income $95.6M ($19.45 EPS) vs $112.5M ($22.44); adjusted net income $62.7M ($12.76) vs $46.3M ($9.25).
- Revenue $914.7M, up 28% YoY from $712.5M; operating income $40.0M vs $33.8M.
- Education revenue $358M (+9%), TV broadcasting rev $123.4M (+9%), healthcare rev +34% with operating income decline on higher costs.
- Net gains on marketable equity securities $46.9M vs $79.2M in Q1 2021.
- New $300M revolver extended to May 2027; borrowings $627.9M at 4.6%, cash & investments $975.7M.

## SEC filing metadata
- accession: 0000104889-22-000015
- form_type: 8-K
- ticker: GHC
- cik: 0000104889
- company_name: Graham Holdings Co
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104889/000010488922000015/0000104889-22-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104889/000010488922000015/ghc-20220504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104889-22-000015
- JSON: https://secwatch.observer/filing/0000104889-22-000015.json
- Plain text: https://secwatch.observer/filing/0000104889-22-000015.txt

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