Graham Holdings posts Q3 net loss of $23.0 million on $98.3 million impairment charges
Graham Holdings reported a third-quarter 2023 net loss attributable to common shares of $23.0 million, or $5.02 per share, compared with net income of $32.8 million, or $6.76 per share, a year earlier. Revenue rose 10% to $1,111.5 million, but the company recorded $98.3 million in goodwill and other long-lived asset impairment charges, which drove an operating loss of $57.1 million.
Key points
- Q3 2023 revenue was $1,111.5 million, up 10% from $1,012.4 million in Q3 2022.
- Q3 2023 operating loss was $57.1 million, compared with operating income of $59.5 million in Q3 2022.
- Excluding listed items, Q3 2023 net income attributable to common shares was $48.9 million ($10.45 per share), versus $74.2 million ($15.30 per share) a year earlier.
- Goodwill impairment charges at World of Good Brands and Dekko drove the decline in operating results.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 01, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.