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8-K filed March 12, 2026, 7:59 PM ET ticker SGA CIK 0000886136
earnings confidence high sentiment negative materiality 0.75

Saga Communications reports Q4 net loss of $6.9M; records $20.4M impairment, eliminating goodwill

SAGA COMMUNICATIONS INC

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SAGA COMMUNICATIONS INC reported the twelve-month period ended December 31, 2025 results: revenue $107.1 million, net income net loss of $7.9 million, EPS $1.22 per diluted share.

Period
the twelve-month period ended December 31, 2025
Revenue
$107.1 million
Net income
net loss of $7.9 million
EPS
$1.22 per diluted share
Result
reported results
Exact text from the filing
Net revenue decreased 5.1% to $107.1 million for the twelve-month period ended December 31, 2025 compared to $112.9 million for the same period last year. Digital revenue increased 19.1% to $16.9 million for the twelve-month period ended December 31, 2025 compared to $14.2 million for the same period last year. Station operating expense remained flat for the twelve-month period at $91.8 million compared to the same period last year. For the twelve-month period, we had an operating loss of $11.0 million compared to operating income of $2.4 million for the same period last year and station operating income (a non-GAAP financial measure) decreased 27.3% to $15.3 million. Capital expenditures for the twelve months were $3.0 million compared to $3.8 million for the same period last year. We had a net loss of $7.9 million for the twelve-month period ended December 31, 2025, compared to net income of $3.5 million for the same period last year primarily as the result of the impairment ch
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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SAGA COMMUNICATIONS INC reported the quarter ended December 31, 2025 results: revenue $26.5 million, net income net loss of $6.9 million, EPS $1.07 per diluted share.

Period
the quarter ended December 31, 2025
Revenue
$26.5 million
Net income
net loss of $6.9 million
EPS
$1.07 per diluted share
Result
reported results
Exact text from the filing
today reported that net revenue decreased 9.3% to $26.5 million for the quarter ended December 31, 2025 compared to $29.2 million for the same period last year. Digital revenue increased 25.8% to $4.3 million for the quarter ended December 31, 2025 compared to $3.5 million for the same period last year. Station operating expense decreased 1.9% for the quarter to $22.9 million compared to the same period last year. For the quarter, we had an operating loss of $9.5 million compared to operating income of $1.0 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 38.7% to $3.6 million for the quarter ended December 31, 2025. Capital expenditures were $400 thousand for the quarter compared to $600 thousand for the same period last year. We had a net loss of $6.9 million for the quarter compared to net income of $1.3 million for the fourth quarter last year primarily as the result of an impairment charge disclosed below. Diluted
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Source: SEC EDGAR
accession 0001104659-26-026792
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