Saga Q2 revenue down 6.5% to $26.4M; six-month net loss $1.4M

SAGA COMMUNICATIONS INC

Q2 net revenue $26.4M (-6.5% YoY); operating income $623K vs $1.4M; net income $960K, diluted EPS $0.15.
Six-month revenue $49.3M (-6.0%); operating loss $2.6M; net loss $1.4M, diluted loss per share $0.23.
Sold 24 towers for ~$10.7M; records non-cash rent expense $352K and non-cash interest income $381K in Q2.
Paid quarterly dividend $0.25/share on June 12, 2026; aggregate ~$1.6M; total dividends since 2012 exceed $145M.
Cash and short-term investments $27.8M at June 30; repaid $5.0M revolver; 2026 capex guidance $3.0-3.5M.

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