Saga Communications Reports Q3 2025 Financial Results

Saga Communications ( (SGA) ) has released its Q3 earnings. Here is a breakdown of the information Saga Communications presented to its investors.

Saga Communications, Inc. is a media company that operates in the radio, digital, and e-commerce sectors, providing services to advertisers across 28 markets. In its latest earnings report for the third quarter of 2025, Saga Communications reported a decrease in net revenue by 1.8% to $28.2 million compared to the same period last year. The company also faced an increase in station operating expenses due to a settlement with music licensing organizations, resulting in an operating loss of $626 thousand for the quarter.

Key financial metrics from the report indicate that the company’s station operating income decreased by $2.5 million to $3.5 million. The net loss for the quarter was $532 thousand, contrasting with a net income of $1.3 million in the previous year. For the nine-month period ending September 30, 2025, net revenue decreased by 3.7% to $80.6 million, and the company reported a net loss of $979 thousand.

Despite these challenges, Saga Communications has taken strategic steps, including the sale of telecommunications towers for approximately $10.7 million, which is expected to bolster the company’s financial position. The company continues to maintain a strong balance sheet with $26.3 million in cash and short-term investments as of September 30, 2025.

Looking ahead, Saga Communications remains committed to returning value to its shareholders through regular quarterly dividends and potential special dividends or stock buybacks. The company anticipates spending between $3.25 million and $3.75 million on capital expenditures for the year 2025, reflecting its ongoing investment in operational improvements.