Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 90

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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1)Higher education84,738 81,041 5 173,225 161,163 7 Supplemental education80,161 73,133 10 155,564 145,255 7 Kaplan corporate and other23 2,993 (99)35 5,581 (99)Intersegment elimination(280)(1,294)— (707)(3,326)—   $436,813 $422,899 3 $861,544 $845,497 2 Operating Income (Loss)            Kaplan international$29,937 $25,824 16 $59,999 $57,136 5 Higher education17,972 14,354 25 30,779 19,873 55 Supplemental education7,406 5,672 31 13,374 10,252 30 Kaplan corporate and other(7,416)(8,055)8 (14,064)(15,640)10 Amortization of intangible assets(1,699)(2,872)41 (3,818)(5,846)35 Intersegment elimination(15)354 — (52)89 —   $46,185 $35,277 31 $86,218 $65,864 31 

Kaplan International includes postsecondary education, professional training and language training businesses largely outside the United States (U.S.). Kaplan International revenue increased 2% for the second quarter (2% decrease on a constant currency basis) due largely to growth at UK Professional and Singapore, partially offset by lower student enrollments at Languages and Australia. Kaplan International revenue decreased 1% for the first six months (2% on a constant currency basis) due largely to lower student enrollments at UK Pathways, Languages and Australia, partially offset by growth at UK Professional and Singapore. Kaplan International reported operating income of $29.9 million in the second quarter of 2025, compared to $25.8 million in the second quarter of 2024. The increase is due largely to improved results at Pathways and Singapore, partially offset by a decline in results at Languages, UK Professional and MPW. Operating income increased to $60.0 million in the first six months of 2025, compared to $57.1 million in the first six months of 202