Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 130

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 130
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 as follows:

Three Months EndedNine Months Ended  September 30  September 30  (in thousands)20252024% Change20252024% ChangeRevenue            Kaplan international$294,292 $277,009 6 $827,719 $813,833 2 Higher education92,162 85,655 8 265,387 246,818 8 Supplemental education86,679 76,134 14 242,243 221,389 9 Kaplan corporate and other280 158 77 315 5,739 (95)Intersegment elimination(751)(866)— (1,458)(4,192)—   $472,662 $438,090 8 $1,334,206 $1,283,587 4 Operating Income (Loss)            Kaplan international$28,893 $25,538 13 $88,892 $82,674 8 Higher education14,683 11,385 29 45,462 31,258 45 Supplemental education14,979 11,186 34 28,353 21,438 32 Kaplan corporate and other(8,137)(10,717)24 (22,201)(26,357)16 Amortization of intangible assets(1,404)(2,421)42 (5,222)(8,267)37 Intersegment elimination38 (81)— (14)8 —   $49,052 $34,890 41 $135,270 $100,754 34 

Kaplan International includes postsecondary education, professional training and language training businesses largely outside the United States (U.S.). Kaplan International revenue increased 6% and 2% for the third quarter and first nine months of 2025, respectively (4% increase and flat, respectively, on a constant currency basis) due to increases at UK Pathways, UK Professional and Singapore, partially offset by lower student enrollments at US Pathways, Languages and Australia. Kaplan International reported operating income of $28.9 million in the third quarter of 2025, compared to $25.5 million in the third quarter of 2024. The increase is due to improved results at UK Pathways and Singapore, partially offset by declines at US Path