---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-046930"
form_type: "8-K"
ticker: "GHC"
cik: "0000104889"
company_name: "Graham Holdings Co"
filed_at: "2025-10-29T23:59:59+00:00"
generated_at: "2026-05-17T01:33:56.520571+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Graham Holdings Q3 adjusted net income falls to $14.08/sh from $17.25/sh on operating weakness

## Summary
- Revenue $1.28B (+6% YoY) driven by education, manufacturing, healthcare; TV broadcasting and automotive declined.
- GAAP net income $122.9M ($27.91/sh) up 69% YoY, boosted by $84.8M marketable securities gains.
- Adjusted net income $62.0M ($14.08/sh) vs $76.1M ($17.25/sh) in Q3 2024, reflecting operating income drop.
- Acquired Arconic Architectural Products (aluminum cladding) on July 15; assumed $107.4M net pension obligations.
- Sold World of Good Brands in H1 2025; closed Bethesda Jeep dealership; acquired Honda dealership in Woodbridge, VA.

## SEC filing metadata
- accession: 0001628280-25-046930
- form_type: 8-K
- ticker: GHC
- cik: 0000104889
- company_name: Graham Holdings Co
- filed_at: 2025-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/104889/000162828025046930/0001628280-25-046930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104889/000162828025046930/ghc-20251029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-046930
- JSON: https://secwatch.observer/filing/0001628280-25-046930.json
- Plain text: https://secwatch.observer/filing/0001628280-25-046930.txt

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