---
schema_version: "secwatch.filing_event.v1"
accession: "0000104889-22-000046"
form_type: "8-K"
ticker: "GHC"
cik: "0000104889"
company_name: "Graham Holdings Co"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T11:42:48.525361+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Graham Holdings Q3 adj. EPS $15.65 vs $5.87 YoY; revenue up 25% to $1.01B

## Summary
- GAAP net income $32.8M ($6.76/sh) vs $39.6M ($7.90/sh) in Q3 2021; adjusted net income $75.9M ($15.65/sh) vs $29.5M ($5.87/sh).
- Revenue $1,012.4M, +25% YoY, with growth at education, TV broadcasting, manufacturing, healthcare, and automotive.
- Education (Kaplan) operating income $18.6M, up 88% YoY; Kaplan International revenue +15% (26% constant currency).
- TV broadcasting political ad revenue +$19.4M drove 29% operating income increase to $52.3M.
- Manufacturing results improved significantly due to $26.7M goodwill impairment in prior year and Hoover results.

## SEC filing metadata
- accession: 0000104889-22-000046
- form_type: 8-K
- ticker: GHC
- cik: 0000104889
- company_name: Graham Holdings Co
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104889/000010488922000046/0000104889-22-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104889/000010488922000046/ghc-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104889-22-000046
- JSON: https://secwatch.observer/filing/0000104889-22-000046.json
- Plain text: https://secwatch.observer/filing/0000104889-22-000046.txt

## Key facts
- Earnings Releases
  Graham Holdings Co reported the third quarter ended September 30, 2022 results: revenue $1,012.4 million, net income $32.8 million, EPS $6.76 per share.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $1,012.4 million
  - Net income: $32.8 million
  - EPS: $6.76 per share
  - Result: reported results
  source text: in the estimated deferred state income tax rate related to the Company’s pension and other postretirement plans ($3.14 per share). Revenue for the third quarter of 2022 was $1,012.4 million, up 25% from $809.4 million in the third quarter of 2021. Revenues increased at education, television broadcasting, manufacturing, healthcare, and automotive, partially offset by
  evidence_url: https://www.sec.gov/Archives/edgar/data/104889/000010488922000046/0000104889-22-000046-index.htm

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