Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 58

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 a decline in finance and insurance product sales; partially offset by higher overall gross profit on services and parts.

On October 21, 2025, the Company acquired a Honda automotive dealership in Woodbridge, VA, including the real property for the dealership operations. 

Other Businesses

In the first half of 2025, the Company completed the sale of various websites and related businesses that made WGB. All remaining WGB operations were substantially shut down by the end of the third quarter of 2025. WGB recorded various asset write-offs and incurred other costs in the second and third quarters of 2025 related to these actions. 

A summary of revenue by category for other businesses:

Three Months EndedNine Months EndedSeptember 30%September 30%(in thousands)20252024Change20252024ChangeOperating RevenuesSpecialty (1)$36,517 $35,163 4 $118,030 $106,798 11 Retail (2)27,539 24,678 12 80,918 77,288 5 Media (3)19,159 23,623 (19)58,134 69,667 (17)$83,215 $83,464 0 $257,082 $253,753 1 ____________(1)Includes Clyde’s Restaurant Group, Decile and Supporting Cast(2)Includes Framebridge, Saatchi Art and Society6(3)Includes Slate, Foreign Policy, Code3, World of Good Brands and City Cast

Overall, revenue from other businesses was flat and increased 1% in the third quarter and first nine months of 2025, respectively. For the first nine months of 2025, specialty revenue increased due to revenue growth at Clyde’s Restaurant Group (CRG) and Supporting Cast. Retail revenue increased in the third quarter due to revenue growth at Framebridge and Saatchi Art, offset by lower revenue at Society6. Retail revenue increased for the first nine months of 2025 due to revenue growth at Framebridge, offset by lower revenue at Society6 and Saatchi Art. Media revenue declined for the third quarter due to lower revenue at WGB and Slate, partially offset by revenue growth at Foreign Policy, Code3 and City Cast. Media revenue declined for the first nine months due to lower revenue at WGB, Slate and Code3, partially offset by revenue growth at Foreign Policy and City Cast. 

Overall, operating losses at other businesses were down in