Graham Holdings Company — Third Quarter 2026 Earnings Summary

Graham Holdings Company reported third-quarter 2026 revenue of $1.326 billion, representing a 4% increase from the same period in 2025, with operating income rising to $85.5 million. For the first nine months of 2026, the company generated $3.865 billion in revenue and $227.0 million in operating income, while net income attributable to common shares reached $385.3 million. The company completed the sale of Dublin Business School for $127.5 million in October 2026 and repurchased $198.6 million of its Class B common stock during the first nine months of the year. Adjusted operating cash flow for the third quarter was $121.8 million, and the company held $1.246 billion in cash, marketable equity securities, and other investments as of September 30, 2026.