Saga Communications ( (SGA) ) has released its Q2 earnings. Here is a breakdown of the information Saga Communications presented to its investors.
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Saga Communications, Inc. is a media company focused on acquiring, developing, and operating broadcast properties, with a growing emphasis on digital and e-commerce opportunities. The company owns and operates radio stations across 28 markets, including 82 FM and 31 AM stations.
In its latest earnings report for the second quarter of 2025, Saga Communications announced a decrease in net revenue by 5.0% to $28.2 million compared to the same period last year. The company also reported a decline in operating income to $1.4 million and net income to $1.1 million for the quarter.
Key financial metrics highlighted in the report include a reduction in station operating expenses by 4.6% and a decrease in station operating income by 6.4% to $6.0 million. For the six-month period ending June 30, 2025, net revenue fell by 4.7% to $52.4 million, and the company experienced an operating loss of $889 thousand. Additionally, Saga Communications is in negotiations to sell some of its tower sites, which could result in significant proceeds.
Despite the financial challenges, Saga Communications continues to maintain a strong balance sheet with $24.9 million in cash and short-term investments as of June 30, 2025. The company remains committed to paying regular quarterly dividends and is exploring strategic asset sales to fund stock buybacks.
Looking ahead, Saga Communications is focused on optimizing its core radio business while exploring new revenue streams and strategic opportunities to enhance shareholder value.