Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 166

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 2
Chunk 166
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 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 the third quarter of 2025, due to improved results at Society6, WGB, Saatchi Art, Decile, Code3, Supporting Cast and Foreign Policy, partially offset by declines at Framebridge, City Cast and CRG. Operating losses at other businesses were down slightly in the first nine months of 2025, excluding goodwill and intangible asset impairment charges at WGB in the second quarter of 2024. The improvements were due to improved results at WGB, Saatchi Art, Foreign Policy, Decile