Graham Holdings Q1 revenue rises 12% to $1.15 billion; operating income up 28%
Graham Holdings reported first-quarter 2024 revenue of $1.15 billion, up 12% from a year earlier, and operating income of $35.4 million, up from $27.7 million. Reported net income attributable to common shareholders rose to $124.4 million ($27.72 per diluted share), helped by $104.2 million in net gains on marketable equity securities, while adjusted net income excluding those and other items was $50.4 million ($11.24 per share) versus $40.2 million ($8.36) a year earlier.
Key points
- Revenue of $1,152.7 million, up 12% from $1,031.5 million, led by education, healthcare and automotive
- Operating income of $35.4 million versus $27.7 million; manufacturing and automotive declined
- Net income attributable to common shareholders of $124.4 million ($27.72 per diluted share), including $104.2 million in net gains on marketable equity securities
- Repurchased 28,606 Class B shares for $20.0 million in the quarter; $815.6 million in borrowings outstanding at March 31, 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits 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 May 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.