Graham Holdings Q2 revenue rises 7% to $1,185.3 million; net loss of $21.0 million
Graham Holdings reported second-quarter 2024 revenue of $1,185.3 million, up 7% from a year earlier, led by education, healthcare and automotive. It swung to a net loss attributable to common shareholders of $21.0 million ($4.79 per share), compared with income of $122.8 million ($25.89 per share) in the second quarter of 2023, mainly due to $26.3 million of goodwill and intangible asset impairment charges at World of Good Brands and a $73.5 million interest expense tied to a fair value adjustment. Excluding these and other listed items, adjusted net income was $56.9 million ($12.70 per share), down from $61.1 million ($12.88 per share).
Key points
- Revenue: $1,185.3 million, up 7% from $1,105.0 million in Q2 2023
- Operating income: $25.9 million, down from $58.1 million, due to impairment charges at World of Good Brands
- Net loss attributable to common shareholders: $21.0 million ($4.79 per share), versus income of $122.8 million ($25.89 per share) a year earlier
- Adjusted net income (non-GAAP): $56.9 million ($12.70 per share), versus $61.1 million ($12.88 per share)
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 July 31, 2024.
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.