Graham Holdings shares are higher today after the company released first-quarter 2026 earnings on April 30, 2026. The quarter showed firmer operating performance, with revenue rising to $1.236 billion (up 6% from $1.166 billion) and operating income increasing to $57.8 million from $47.5 million a year earlier, reinforcing a positive read-through on the company’s diversified portfolio.

Net income attributable to common shareholders was $29.1 million, or $6.62 per diluted share, up from $23.9 million, or $5.45 per diluted share, in the prior-year quarter. A major headline for investors was cash generation: adjusted operating cash flow (non-GAAP) increased to $112.9 million from $88.0 million, while the company pointed to improved results in television broadcasting, manufacturing, and other businesses as the main drivers.

The company disclosed it entered into an agreement to sell Kaplan Languages Group (within Kaplan International) and expects the transaction to close on May 1, 2026; it recorded a $19.0 million pre-tax impairment charge tied to that business during the quarter. Graham Holdings also continued to retire stock, repurchasing 32,190 Class B shares for $34.1 million in the first three months of 2026, leaving authorization to buy back additional shares under its existing board program.