---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-003264"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T08:07:04.641411+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Saga Communications FY2022 revenue up 6% to $114.9M; adjusted EPS $2.15 vs $1.85 prior year

## Summary
- FY2022 net revenue $114.9M (+6.0% YoY); reported diluted EPS $1.52; adjusted diluted EPS $2.15 (excl. founder death-related costs).
- Q4 revenue $30.1M (+3.3%); diluted EPS $0.70; operating income flat at $4.9M.
- Declared $0.25 quarterly dividend payable Apr 7; also paid $2.00 special dividend on Jan 13.
- Cash and short-term investments $46.9M at Dec 31, 2022; 2023 capex guided $5.0-5.5M.
- Founder death in Aug 2022 caused one-time expenses; adjusted operating income would have risen 12.3% to $16.9M.

## SEC filing metadata
- accession: 0001558370-23-003264
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000155837023003264/0001558370-23-003264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000155837023003264/sga-20230309x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-003264
- JSON: https://secwatch.observer/filing/0001558370-23-003264.json
- Plain text: https://secwatch.observer/filing/0001558370-23-003264.txt

## Key facts
- Earnings Releases
  SAGA COMMUNICATIONS INC reported the twelve-month period ended December 31, 2022 results: revenue $114.9 million, net income $9.2 million, EPS $1.52.
  - Period: the twelve-month period ended December 31, 2022
  - Revenue: $114.9 million
  - Net income: $9.2 million
  - EPS: $1.52
  - Result: reported results
  source text: (313) 886-7070 ​ Grosse Pointe Farms, MI – March 9, 2023 – Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) reported today that net revenue increased 6.0% to $114.9 million for the twelve-month period ended December 31, 2022 compared to $108.3 million for the same period last year. Despite strong underlying performance the results were impacted by
  evidence_url: https://www.sec.gov/Archives/edgar/data/886136/000155837023003264/0001558370-23-003264-index.htm
- Earnings Releases
  SAGA COMMUNICATIONS INC reported the quarter ended December 31, 2022 results: revenue $30.1 million, net income $4.3 million, EPS $0.70.
  - Period: the quarter ended December 31, 2022
  - Revenue: $30.1 million
  - Net income: $4.3 million
  - EPS: $0.70
  - Result: reported results
  source text: 16.8% to $13.0 million. Diluted earnings per share would have been $2.15 per share as compared to $1.85 per share for the same period last year. ​ Net revenue increased 3.3% to $30.1 million for the quarter ended December 31, 2022 compared to $29.2 million for the same period last year. Station operating expense increased 5.9% for the quarter to $22.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/886136/000155837023003264/0001558370-23-003264-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.