Graham Holdings Q3 revenue rises 6% to $1,278.9 million; operating income falls 18%
Graham Holdings reported third-quarter 2025 results on October 29, 2025. Revenue rose 6% to $1,278.9 million, but operating income fell to $67.1 million from $81.6 million, mainly due to declines at television broadcasting and automotive. GAAP diluted EPS rose to $27.91 from $16.42, largely because of $84.8 million in gains on marketable equity securities, while adjusted net income (non-GAAP) fell to $62.0 million, or $14.08 per share, from $76.1 million, or $17.25 per share.
Key points
- Q3 2025 revenue was $1,278.9 million, up 6% from $1,207.2 million; education, manufacturing and healthcare grew.
- Q3 2025 operating income was $67.1 million, down from $81.6 million, with television broadcasting operating income falling to $26.8 million from $61.9 million.
- GAAP diluted EPS was $27.91 versus $16.42; adjusted diluted EPS (non-GAAP) was $14.08 versus $17.25.
- Nine-month revenue was $3,660.5 million, up 3%, and nine-month operating income was $187.4 million, up from $143.0 million.
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 October 29, 2025.
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.