Saga Communications ( (SGA) ) has released its Q1 earnings. Here is a breakdown of the information Saga Communications presented to its investors.
Saga Communications, Inc. is a media company focused on acquiring, developing, and operating broadcast properties, with a growing emphasis on digital and non-traditional revenue initiatives. The company operates in 28 markets with a portfolio that includes 82 FM and 31 AM radio stations.
In its latest earnings report for the first quarter of 2025, Saga Communications reported a decrease in net revenue by 4.3% to $24.2 million compared to the same period last year. Despite a reduction in station operating expenses by 2.2%, the company experienced an operating loss of $2.3 million, slightly improved from the previous year’s loss of $2.4 million. The net loss remained consistent at $1.6 million.
Key financial metrics revealed a decrease in station operating income to $2.2 million from $2.8 million the previous year. Capital expenditures were reduced to $700,000 from $1.1 million. The company paid a quarterly dividend of $0.25 per share, totaling approximately $1.6 million, and has announced plans to use proceeds from potential asset sales for stock buybacks.
Saga Communications maintains a strong balance sheet with $27.0 million in cash and short-term investments as of March 31, 2025. The company anticipates capital expenditures between $4.0 million and $4.5 million for the year. Revenue pacing for the second quarter shows signs of improvement, with expectations of a mid-single-digit decline.
Looking ahead, Saga Communications remains focused on strategic initiatives to enhance shareholder value, including potential asset sales and stock repurchases. The company continues to navigate an uncertain revenue environment while leveraging its strong financial position to support growth and operational efficiency.