Saga Communications Q1 net revenue falls 5.6% to $22.9M; net loss $2.4M; declares $0.25 dividend

SAGA COMMUNICATIONS INC

2026-Q1 EPS reported -$0.38 revenue$22,867,000

Net revenue $22.9M vs $24.2M year ago (-5.6%); operating loss $3.3M vs $2.3M loss year ago.
Station operating income fell 62% to $0.9M; net loss $2.4M ($0.38 diluted loss per share).
Paid Q1 dividend of $0.25/share on March 20; declared another $0.25/share dividend payable June 12 to holders of record May 22.
Cash & short-term investments $30.4M at March 31; expects 2026 capex of ~$3.5M.

item 2.02 item 9.01

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 quarter ended March 31, 2026 results: revenue $22.9 million, net income net loss of $2.4 million, EPS $(0.38) per diluted share.

Period: the quarter ended March 31, 2026
Revenue: $22.9 million
Net income: net loss of $2.4 million
EPS: $(0.38) per diluted share
Result: reported results

Exact text from the filing

Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 5.6% to $22.9 million for the quarter ended March 31, 2026 compared to $24.2 million for the same period last year. Station operating expense decreased 0.2% for the quarter to $22.0 million compared to the same period last year. For the quarter, we had an operating loss of $3.3 million compared to $2.3 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 62.0% to $0.9 million. Capital expenditures were $0.8 million for the quarter compared to $0.7 million for the same period last year. We had a net loss of $2.4 million for the quarter compared to $1.6 million for the first quarter last year. Diluted loss per share was $0.38 in the first quarter of 2026.

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Source: SEC EDGAR

accession 0001104659-26-056763

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