Graham Holdings announces Q3 adjusted EPS of $14.08, down from $17.25 a year ago.
Q3 Revenue Performance: The company reported Q3 revenue of $1.28 billion, an increase from $1.21 billion the previous year.
Operating Income Decline: Operating income fell to $67.1 million from $81.6 million last year, attributed to declines in television broadcasting and automotive sectors.
Sector Performance: Revenue growth was noted in education, manufacturing, and healthcare, which partially offset losses in television broadcasting and automotive.
Overall Results Impact: The overall decrease in operating results was influenced by declines in specific sectors, despite improvements in others.
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- Berkshire Hathaway's Investment Changes: The company reduced its holdings in Bank of America and Apple during the fourth quarter.
- New Investment in New York Times: Berkshire Hathaway initiated a new position by purchasing five million shares of the New York Times.
- Regulatory Filing: These changes were disclosed in a 13-F filing after the close of trading on Tuesday.
- Market Impact: The adjustments in investment strategy reflect Berkshire Hathaway's ongoing portfolio management and market positioning.
- Pioneer of Philanthropy: Since its founding in 1911, the Carnegie Corporation has awarded over $16.5 billion in grants, advancing education, democracy, and peace, reflecting Andrew Carnegie's profound understanding and practice of social responsibility.
- Rise of a Steel Titan: Carnegie's steel company, established in the 1890s, produced more steel than all of Britain, showcasing his exceptional capabilities in innovation and cost control, which propelled America's rapid industrial rise.
- Building Public Libraries: Carnegie was committed to providing free public libraries for everyone, funding 2,500 libraries during his lifetime, demonstrating his steadfast belief in educational equity and aiming to provide learning opportunities for all aspiring individuals.
- Long-term Philanthropic Investment: The Carnegie Corporation emphasizes long-term investments, supporting academic research and cultural projects, aiming to alleviate social tensions and promote the realization of democratic values through education and cultural development.

Investment Opportunity: Exor presents a low-risk investment option due to its significant discount, appealing to value-seeking investors.
Parts vs. Whole: The individual components of Exor are considered to have greater value than the company as a whole.
- Academic Support Enhancement: Kentucky State University has partnered with global education company Kaplan to provide students with free access to preparation resources for graduate admissions, professional licensing, and credential exams, thereby aiding their academic success and long-term career readiness.
- Significant Cost Savings: Since the launch of Kaplan's All Access License in 2022, tens of thousands of students have collectively saved over $60 million in out-of-pocket expenses, alleviating financial burdens and enhancing their competitive edge in the job market.
- Skills Development Courses: Students gain access to a robust suite of professional and academic skills development courses from Kaplan, including data literacy, data analysis, and critical thinking, which will bolster their employability and adaptability in the workforce.
- Strategic Partnership Significance: By collaborating with Kaplan, Kentucky State University demonstrates its commitment to investing in students' futures, aiming to provide high-quality preparatory resources and skill training that help students unlock career pathways across various fields such as healthcare, law, technology, and education.
- Academic Support Partnership: Kentucky State University has partnered with global education company Kaplan to provide students with free access to resources for graduate admissions exams, professional licensing exams, and credentialing tests, aiming to enhance academic achievement and career success.
- Rich Course Offerings: Students can access Kaplan's suite of professional and academic skills development courses, including data literacy, data analysis, and critical thinking, which are essential for standing out in a competitive job market.
- Significant Economic Benefits: Since the launch of Kaplan's All Access License in 2022, tens of thousands of students have collectively saved over $60 million in out-of-pocket costs, alleviating financial burdens and promoting their career advancement.
- Strategic Investment Outlook: Kaplan's All Access License is viewed as an investment in students' futures, with Kentucky State University committed to providing high-quality preparatory support that helps students achieve their career goals across various fields, including healthcare, law, technology, and education.
- Quarterly Dividend Announcement: Graham Holdings declared a quarterly dividend of $1.88 per share, payable on February 19, 2026, to shareholders of record on February 4, 2026, demonstrating the company's commitment to shareholder returns amid stable cash flow.
- Dividend Payment Schedule: Qualcomm announced a quarterly cash dividend of $0.89 per common share, payable on March 26, 2026, to stockholders of record at the close of business on March 5, 2026, reflecting the company's ongoing shareholder rewards based on stable profitability.
- Costco Dividend Declaration: Costco Wholesale announced a quarterly cash dividend of $1.30 per share, payable on February 13, 2026, to shareholders of record at the close of business on January 30, 2026, indicating the company's ability to maintain shareholder returns supported by strong sales and membership growth.
- Independent Bank Dividend: Michigan-based Independent Bank declared a quarterly cash dividend of $0.28 per share, payable on February 13, 2026, to shareholders of record on February 3, 2026, showcasing the community bank's robust performance in the local economy and commitment to its shareholders.









