---
schema_version: "secwatch.filing_event.v1"
accession: "0000104889-23-000050"
form_type: "8-K"
ticker: "GHC"
cik: "0000104889"
company_name: "Graham Holdings Co"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:09:15.038277+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Graham Holdings Q2 net income $122.8M vs loss $67.5M; revenue up 18%

## Summary
- Q2 net income $122.8M ($25.89/share) vs net loss $67.5M ($13.95/share) in 2022.
- Adjusted net income $61.6M ($12.97/share) vs $59.7M ($12.07/share) in prior year.
- Revenue $1,105M (+18% YoY) driven by education, healthcare, automotive growth.
- Operating income $58.1M, adjusted operating cash flow $100.0M vs $39.3M and $78.6M in 2022.
- Q2 benefited from $78.6M net gains on marketable equity securities vs $165.5M net losses in 2022.

## SEC filing metadata
- accession: 0000104889-23-000050
- form_type: 8-K
- ticker: GHC
- cik: 0000104889
- company_name: Graham Holdings Co
- filed_at: 2023-08-02T23:59:59+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/104889/000010488923000050/0000104889-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104889/000010488923000050/ghc-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104889-23-000050
- JSON: https://secwatch.observer/filing/0000104889-23-000050.json
- Plain text: https://secwatch.observer/filing/0000104889-23-000050.txt

## Key facts
- Earnings Releases
  Graham Holdings Co reported the first six months of 2023 results: revenue $2,136.5 million, net income $175.1 million, EPS $36.67 per share.
  - Period: the first six months of 2023
  - Revenue: $2,136.5 million
  - Net income: $175.1 million
  - EPS: $36.67 per share
  - Result: reported results
  source text: adjust the fair value of the mandatorily redeemable noncontrolling interest (after-tax impact of $10.9 million, or $2.23 per share). Revenue for the first six months of 2023 was $2,136.5 million, up 16% from $1,848.0 million in the first six months of 2022. Revenues increased at education, healthcare and automotive, partially offset by declines at television
  evidence_url: https://www.sec.gov/Archives/edgar/data/104889/000010488923000050/0000104889-23-000050-index.htm
- Earnings Releases
  Graham Holdings Co reported the second quarter ended June 30, 2023 results: revenue $1,105.0 million, net income $122.8 million, EPS $25.89 per share.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $1,105.0 million
  - Net income: $122.8 million
  - EPS: $25.89 per share
  - Result: reported results
  source text: to adjust the fair value of the mandatorily redeemable noncontrolling interest (after-tax impact of $7.6 million, or $1.56 per share). Revenue for the second quarter of 2023 was $1,105.0 million, up 18% from $933.3 million in the second quarter of 2022. Revenues increased at education, healthcare and automotive, partially offset by declines at television broadcasting,
  evidence_url: https://www.sec.gov/Archives/edgar/data/104889/000010488923000050/0000104889-23-000050-index.htm

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